Tuesday, May 29, 2012

Petrol prie rise in India

Every citizen of this country is experiencing the pinch of the increase in petrol price. Petrol is being used as a tool to fleece the public by the oil companies. Actually the crude price has fallen drastically and now it is remaining the lowest level. There is no reason to raise the price except to fleece the consumer. Time and again it's reported that the oil companies are incurring loss. Let it be a loss in petrol. But it is making bumper profits in other petroleum products . See the last balance sheet of any oil company. There is thousands of crores of profit shown every year. All the reports saying the oil companies are incurring loss is utter false statement.Ccorporates are making such false propaganda to prepare the ground for increasing the price and loot the public. This is being supported by the Govt. the central ministers confirm the false statement of oil companies in the press and further add up that the companies are not under their control. They further state that the prices are fixed by the companies based on market conditions. There is no one to save the consumer from these hawks. Poor lower middle class , small business people , auto drivers, small farmers do not have any defense against these swindlers and have to accept such things with a whisper . Further the oil companies create a demand for their product by not arranging the supply in time. What is being experienced throughout the state for the past three / four days is artificial . By putting the consumer at maximum hardship they make them accept the dictats. The Govts, both centre and state remain silent spectators to this scenario . here the central govt gets the wrath of the public whereas the state just by remaining silent gets it share of increased revenue thro increased sale tax collection . What a wonderful situation in this county? No one is prepared to talk about it excepting to make a lip service. Werevgo????

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