Petrol Price Hike – The Facts and the Truths

These days, Oil price hike is not unexpected news, even though it affects common man's life  as this will cast extra burden on them. Oil Price hikes will eventually raise prices for provisions too. This creates imbalance in family budget.

Our Central Gov (UPA) has given privilege to petroleum companies in last June 25^th for fixing petrol prices. And the petrol price was INR 47.93 (@delhi). Within these 11 months, the price was increased 11 times!!! That means around 30% hikes within this short span of time. Now the petrol price is higher than the price of AviationTurbineFuel- ATF (which is used in Air crafts). Now ATF has 60.50 @ delhi. So I think we need to buy a jet for our use instead of Bike/Car ;)

Now oil companies can raise the price without any notification or any approval from the government. Yet another hike is expected within a week or two. And also the Gov is planning to withdraw the subsidy for LPG gas. If it happens, the economists predict that it’s price may become around 650.00. Now its price is 360.00. UPA has given this privilege to companies for helping Ambani's Reliance and Ravirooya-Sasirooya brother's Essar private petroleum companies. Till last June, they were struggling in Indian Oil Market. So the Gov has given privilege for them to fix the Oil price and for increasing the price whenever they want. These steps Point that the congress led UPA Gov is not concerned about the common people in India. They always say that the Oil companies are in loss. It is actually misleading arguments. If we look at the share values of these oil companies in National Stock Exchange, we can't say that they are in loss. I think the Gov is concerned only about the Reliance and Essar. To make these companies on profit, we - the common people - need to take more burden. The Gov is acting as a promoter for these companies :(.

One more important thing is that, the UPA Gov has given 12,000 Crs subsidy to petroleum companies. Then I don't know how they can again *CRY* with the BIG LOSS story. Another point that I would like to bring to your attention is about the salary scale of the our Co-operative oil company employees. Most of the employees have more than Rs.1,00,000/- of salary and they have the highest salary scale in co-operative setter. That means the major portion of the income goes for salaryL.         

While I spending some time on the Internet, I got to visit our Oil companies’ websites from which I understood that "the loss" arguments are fake. From their site itself, they pointed that they are running on Crores of profit. So I would like to share that information with you. Just go through the below information that i have taken from their own websites and realize the BIG *LOSS* our petroleum companies. 

Indian Oil Corporation

From their site itself, they announced that the company is running with Rs 10,221 Crs for the year 2009-2010.

 

See the quarterly based details,

Hindustan Petroleum Corp.

About HP, they have 1300 Crs of profit after the tax for the year 2009-2010. For the period 2008-2009 it was 575 Crs. I have taken this information form HP’s annual report-2010 (Page No 4).

You can collect the turn over details from their site itself.

Bharat Petroleum Corp.

From BP’s 2010’s annual report, I found that the company is running with the profit of 1537.62 Crs (Annual Report 2010, Page No.107).

I think you got a clear picture about this.

My Recommendation: I think, the only one possible way to express our objection against this, is to minimize the use of petrol. Try to avoid our private vehicles Bikes/Cars as much as possible and depend on public transport.  

So be aware about the story of *BIG LOSS* of petroleum companies  and try to reduce the usage of petrol. This is only thing that we can do from our side :(

Thanks for visiting blog post...

Anish Panthalani

Why LDF - Before going to Pooling Booth... !!!

Due to lack of time, I am just sharing few paper cuttings and pictures with you instead of putting a detailed blog post. I am sharing only few of the last LDF gov’s contributions.

EMS Housing Scheme

Rice @ Rs 2.00

Now government have expanded this to all APL and BPL community.

http://theprogenitor.blogspot.com/2010/09/rice-rs-200-from-ldf-gov-for-60-of.html

Awards :-

Energy :-

Co-operative sector:-

Farmer’s suicide:-

IT:-

Smart City :-

http://theprogenitor.blogspot.com/2011/02/smartcity-facts-and-truths.html

Born Babsy Scheme:-

Others :-

I am not including all the things.....these are only few of them....So Vote For LDF.................

                                                ............. Anish Panthalani

Before going to Pooling Booth..!!!

Again, this is the time for another Assembly Election. Normally LDF and UDF are ruling Kerala in alternate periods. But now the situation has almost changed. As the last LDF Gov had introduced and implemented many projects like EMS housing scheme, Rice@2.00, total electrification, SmartCity, etc., which are directly effect and improve normal human communities life style, there is a big chance for another session for them. 

Not only these factors but also the scams from UPA government and FIR’s and charge sheets against Kerala UDF leaders are also the positive factors for LDF. R Balakrishnapillai is already in Jail; Kungalikutty, T.M Jacob, Sakthan, Mushafa, Umman Chandi etc are suppose to follow soon…!!!

Within this short span of the Congress led UPA Gov rule, lot of corruption stories have come out. As per the survey held by Transparency International, India has 8^th rank in corruption oriented country’s list, just below Somalia!!! G8 development from UPA…!!!

With the former telecom minister Raja’s incident, it shows that the central Gov is controlled by the corporates. Frequent petrol price hike also points to same. Now the government has no role in deciding the price of petrol. It will be decided by the corporates. A hike of Rs 10/- hike in petrol price within the last 5 months. Even it directly affects the life style; the UPA Gov is not ready to rethink about this.

UPA government hasn’t taken any steps to improve the common people’s life style. Instead of that, they have again reduced the amount of rice and wheat that for BPL families. The fact is that 80% of Indians are having only below Rs. 20/- income per day. Even 570 Lakh Ton food materials are dumped in godowns, they are not ready to distribute it. These are points that our great rulers not at all interested to do anything for the poor people.

Swiss Bank account holder from India : -UPA Gov is not ready to disclose the Swiss Bank account holder’s details. The largest amount invested in Swiss bank is from India. Second position goes to Russia and third to England. Indians have invested approximately 66,52,000 Cr. rupees in Swiss bank. This amount is almost 6.5 times of Indian annual budget amount. The Swiss bank authority already offered that they are ready to give back this huge amount to Indian Government. But no further response from our government. At last honorable Supreme Court of India also asked to Gov “why you are not taking any proper action”.

I would like to bring your attention to few of Scams from Congress lead Government.

S Band Corruption - INR 2000000000000 (2.00 Lakh Cr)

This is the biggest corruption that was reported in India. Earlier the 1^st position was 2G spectrum scam. PM’s office was directly involved in this corruption.

2G Spectrum Scam – INR 1760000000000 (1.76 Lakh Cr.)

For more details: - http://www.ndtv.com/article/india/what-is-2g-spectrum-scam-66418

http://www.google.com/search?q=2G+Spectrum+Scam++NDTV&hl=en&biw=1280&bih=899&prmd=ivnsu&source=univ&tbs=nws:1&tbo=u&sa=X&ei=6LaWTbvyCsf4rQfsx7zlCw&ved=0CDwQqAI

Barak Missile Scam – 110000000000 (11000 Cr)

The Barak Missile Scandal is a case of defense corruption relating to the purchase of Barak Missile Systems by India from Israel.

Adarsh Flat Corruption – 3000000000 (300 Cr)

For more details : http://www.travelindia-guide.com/india-news/index.php/2010/10/adarsh-society-scam-army-and-politicians-equally-corrupt/

CWG Corruption -400000000000 (400 Cr.)

CWG Scam: CVC says overlays hired at 1400% higher rate. The CWG committee had taken equipment on rent at an inflated 42.34 Cr rupees against the actual cost of 2.80 Cr, thus giving undue benefits to the companies.

For more detail :- http://www.ndtv.com/article/india/corruption-scandal-hits-2010-games-40991

IPL Scam - INR.70,0000000 (70 Cr)

Kunhalikutty's "Ice Cream Parlour Sex Scandal"

Now this case is in a turning point. Kunhalikutty’s brother-in-law KA Rauf who helped him to settle down this case, openly admit that he had influenced Judges for a favorable verdict for Kunhalikutty. In the sting operation video grabs, former additional director of prosecutions KC Peter claims he had helped Rauf bribe Justice K Narayana Kurup and Justice K Thankappan (both retired now) to get a favourable verdict for Kunhalikutty.

For more details:- http://www.youtube.com/watch?v=bdu9-zh9xwg

http://www.youtube.com/watch?v=YzyFjzZBUug&feature=related

http://www.youtube.com/watch?v=lbWHqtKHiyc&feature=related

http://www.youtube.com/watch?v=AkwtkmUycjA&feature=related

Now the time for Ummanchandi…!!!

Apart from the palmoil scam, now Congress leader K K Ramachandran master comes with another against Ummanchandii The Titanium Scam of 26 Cr corruption. The enquiry for the same against .. Narayana Kurup and Justice K Thankappan (both retired now) to get a favourable verdict for Kunhalikutty.

R Balakrishna Pillai in Jail.

One of the founders and the leader of UDF R Balakarishna Pillai is in jail now. Horn. Supreme Court announce the verdict againt him in  Idamalayar case with one-year rigorous imprisonment. Now he is waiting for his friends.

Now the Wiki-Leaks publishes that US have a big role for selecting Indian ministers…!!! What a shame for Indian democracy. For more details about this  go through the following link.
http://www.thehindu.com/news/the-india-cables/article1538397.ece?sms_ss=facebook&at_xt=4d7fa2130b91343b%2C0

 

Now it is your turn and you can think… before going to pooling booth… it is up to you :)