Petrol price hike- another nail in the coffin by the UPA Govt. Increased 14 times in an year, currently around Rs70/- litre, can you just imagine that! Congress is desperately searching for reasons to justify this. Most of them trying to put the blame on the Oil Companies. But who else did give them the power to decide upon the petrol prices! When they were given that power, crude oil was worth nearly $110, whereas currently it is around $87. They have increased the petrol price whenever theres was an increase in the global price of crude oil, eventhough, only 25% of the petroleum needs are met with foreign dependancy, but they have never reduced the petrol price even when the price of crude oit has decreased. The corporates say, the current increase of Rs3.14 is because of the drop in the value of rupee. Even if we forget the fact that it was a temporary fall, might be for an hour or two, for a fall in value of around Rs2, an increased price of Rs3.14 is just ridiculous.
The Govt isn't doing anything to control the prices. Petrol price hike will soon add fuel to the already burning inflation, & the Govt is sitting idle. The Central and State Govts are collecting tax of Rs30 for each litre of petrol. On one hand, they are providing tax incentives for corporate giants like Reliance(Rs1279crores as per source), and on the other hand, they are putting all the burden on ordinary people.
The Central Govt is asking the respective State Govts to forego the extra tax income available for them from the increased prices, but what can a reduction of Rs0.70 do when there is such an increase! It is being done only to transfer the burden from their heads.
We don't know what more to expect from the Italian woman and her puppets, so called Govt. Even their allies like Thrinamool and DMK are turning their backs on this issue. Don't know what right Congress has got to rule this nation. They can feel lucky that this nation is not burning in a rebellion.
We surely need a change of rule! A Complete Change!
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