PET rolium Products
rolium- We are crying
Products- The money is produced in front of the Govt.
The prices of petrol are Rs 55\lt.
My only question after the deregulation of the petroleum prices is please elabrote me the Rs 55/ lt.
Rs 55= Crude oil cost + TAX on crude oil + refinery cost + TAX on refined products + Standard margins maintained by companies like ONGC, RELIANCE + Marketing companies charges like transportation + Ads charges + VAT by state govt + TAX again in form of sale of good.
These are my approximation of the Rs55, and that has 3 terms saying about the TAX applied on the product.
Now coming to the 1st part. The crude oil which is imported 80% of total consumption, then what about the rest 20% ?
can't it be used to reduce the prices ? Yes it can be, but no one will do that.
There should be only one TAX regime adopted through out.
Why to advertise for a product that is a requirement in itself, it doesn't require any sort of marketing. And it also doesn't make a difference whether the petrol is from IOC, BPCL or HPCL. But they will do the marketing and gather the money from us.
Refining margins for Reliance is way above the international standards of the Singapore refinery, but why to take account of them, as they provide funds for elections. Some deductions can help the cause of reducing the petrochemical prices.
But why to do the accounting ? Please do it now, else a major portion of population will die rolium in wait of reduced prices of food products. We are not PET, its because we are, thats why you are.
High food inflation can't be handled for long. And INDIA doesn't have any measures for handling that. Its good to deregulate the prices but the regime used for pricing should be changed and a justified price should be charged. If a reduction in petrochemical prices is done then the food inflation will come down and the prices as well.
Bring down the prices of diesel to Rs20/lt and in 2 months the prices will come down. But the govt i don't know what it wants. How can they know, they neither have to pay for petrol nor for food.
