Story of Oils
During the last months of NDA Government, when international Oil prices were on a continual down trend, it decided, wisely enough, to abolish the Oil pool account and utilize the amount otherwise, as part of economic reforms. People enjoyed a reduction of a couple of paise in the Petrol prices every fortnight or 10 days!
Again, during the term of UPA government, when international oil prices started to be on a continual uptrend, they are not wise enough to restart the oil pool account! But they are wise enough to 'advise' State Governments to 'reduce' taxes! The State Govertnments, who are equal to 'Tigers accustomed to tasty blood' will never reduce Taxes! The ultimate victim is the consumer.
The only reason offered for the increase in petro prices is--'the oil companies are incurring losses!'. How far it is true?
The oil companies are maintaining seperate accounts for petrol, diesel, kerosene, naptha, gas etc. and they want none of these accounts to show losses! But every year, they are handing over "fat" dividend cheques to the Government, to a tune of several thousand crores! How is it possible? Only through bashing the heads of the consumers.
Even today, if the Government dares enough to "de-nationalise" these companies, the international companies can supply "gasoline" at not more than Rs.30/- a litre. They are doing it in the Western countries. But the "Dividend cheques" will go to America, or UK! So, we won't do it.
We surrender, our palms up, to the vagaries of the "market", as in the case of ONIONS!
God only save us.
4 comments:
As we are still struck with the idea of socialism as good governance..de-nationalization is not simple. Anyway UPA govt took some steps in that way...like giving Indian oil the maharatna status and selling the 10 % equity in all the profit making companies.
Dear sanju - The king!!!
The Govt. wants to sail on two boats--Socialism & Capitalism. Selling of 10% is purely for budgetary income and to improve their share of market capitalisation in the so called navaratnas and to derive more in the next budget!
My point is, why should the Oil Companies make huge profits? Why the Central & Satate Govts. should earn huge Taxes on Oil? Whatever is the 'ism', the common man should not be bashed--for the advantage of 'some people'!
Thank you for raising good points.
Hello krishnasree garu,
There is no point that oil companies are making profits. Because all the major players are govt. owned. BPCL,HPCL, indian oil. Please read today's The Hindu article on this issue.
http://www.hindu.com/2011/02/02/stories/2011020254332000.htm
Even after so much petrol hike, these companies are getting the loss of 2.50 rs on each liter of petrol. And around 9rs on liter of diesel
Yes, govt is trying to sail on two boats with names capitalism and socialism. Its called Keynesian economics. Where govt is just another player in the 'market economy'. As govt can incur losses and still sustain ...govt player will influence the market instead completely overtaking and controlling like in the case of socialism.
డియర్ sanju - The king!!!
నేనన్నదీ అదే--ఫలానా ఖాతాల్లో ఆదాయాలు తగ్గిపోయాయి, నష్టాలు వస్తున్నాయి అంటారేగానీ, మిగిలిన యెన్ని ఖాతాల్లో లాభాలు వస్తున్నాయో ప్రకటించరు.
ఆ మాత్రానికి, ప్రభుత్వాధికారుల ప్రకటనలని వుటంకిస్తూ, ప్రత్యేక ప్రతినిధులు వ్రాసే, అధికార పార్టీ బాకా లో వ్యాసాలు చదవఖ్ఖర్లేదు.
ఏప్రిల్ లోనో యెప్పుడో, వాళ్లు డివిడెండ్ చెక్కులని ప్రభుత్వానికి అందిస్తూ ఫోటోలని వేయించుకుంటారు--చూస్తూ వుండండి.
ఈ లోగా, నా మిగతా బ్లాగుల్లోని టపాలు కూడా చదువుతూ వుండండి. మీ అభిప్రాయాలు వ్రాస్తూ వుండండి.
మరోసారి ధన్యవాదాలు.
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