The government is selling petrol at Rs 74 to 42, people took to the streets

Today, the international price of crude oil is less than the price of August 2008, then what argument the government raised the price of Rs seven and a half, it is beyond comprehension. According to Reuters calculation of the dot com, The basic price of petrol by 42 rupees turns your 35-40 rupees in the Central and state governments add taxes and duties, which the price goes up to Rs 82. The latest increase in prices across the country, there is resistance (see photos). The story has also been the increase in gasoline prices may be cut.


Today crude oil is getting $ 100 per barrel. Is equivalent to Rs 56 a dollar price of a barrel in 5600 was Rs. The 6 per cent cheaper than in August 2008. At that time it was getting 5900 per barrel. Yet the oil companies did not stop to increase 7.5 per liter.


A barrel of crude oil is approximately 150 liters. A barrel of oil refining and gasoline to the total cost comes to Rs 672. The price of gasoline was less than 42 rupees per liter. (5600 +672 / 150 = 41.81).


The price is Rs 77-81 per cent as the cess with basic excise duties and other duties and state sales tax is added. Rs 42 and Rs 35-40 in the price as it is associated. The central and state together in the name of the good of the general public to raise money to increase the burden on his pocket.




Government in one stroke LPG, kerosene and diesel price hike of the plans. To set the price of LPG at Rs 100 per cylinder, kerosene and diesel is to increase 5-7 per liter. Per domestic LPG cylinder on the government's loss of around Rs 479. However, kerosene at Rs 31.41 per liter and diesel sales to the government at Rs 13.64 per liter is a loss.


The arguments are given to increase gasoline prices, also consider the reality.


He can not search for new oil resources. Other investors have pulled back his hand too insecure.


Rapid devaluation of rupee


Ten percent devaluation of the rupee in recent months from 51 rupees to the dollar, the rupee was 56. If the oil was 120 dollars a barrel, down from $ 100. Therefore, the depreciation of the rupee price of petrol by the booster does not look right.


Subsidy cry


The petrol price hike of Rs 42 before the gas was sold at Rs 70. Basic price of petrol price rise yesterday after taking over the government and 83 percent tax. How is the subsidy? How much more will no longer burden the common man.


Diesel is not subsidized by government. Subsidized Rs 44-46 a liter of diesel to get the name from the refining cost, including all the cost is 42 rupees per liter.

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