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Rising crude may lead to fuel price hike: Deora

New Delhi: Concerned at the rise in international crude oil prices, the Government is looking at solutions to tackle the widening revenue deficit and one of the options on the table could be raising petrol and diesel prices. "We are seriously concerned about the rise in crude oil prices ... we have to loo  ....Read more

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WHY PASS THIS ONTO MIDDLE CLASS AND BELOWBy: Pradeep Sharma | Tuesday , 16 Jun '09 11:50:34 AM Reply | Forward Dear Readers, My plea to the powers that be is simple.Why charge the same price to all users?Imagine the impact on a two wheeler rider and comare the affordabilty with those who ride in MERCS or BMWs etc.Raise the cost of luxury cars/vehicles to the sky and do away with the subsidy so that the poor middle class guy cn still afford to drive his hard earned vehicle!Must improve public trans portation and make it so good that the average individual prefers to use it rather than his/her own vehicle.
Oil is the only fuel--? why not tap the other energy sourcesBy: T.Arulmony | Tuesday , 16 Jun '09 6:51:17 AM Reply | Forward While we think of oil price and subsidy, we are not considering the available renewable energy like wind, waves etc. For vehicles we may go for oil. And other purpose the renewable energy sources need to be tapped. Maximum subsidy and support service facilities with research in renewable energy gadgets may help the nation. Oil is the only fuel we to concentrate and worry about? Other sources of energy must be considered and due attention must be paid. Petroleum ministry may be merged with Ministry for Energy. The import of oil bankrupts our economy and creates lot of problems. Let us try to tap the un tapped resources through appropriate gadgets
Geophysicist/Mining GeologistBy: Ganesh C. Bhuyan | Tuesday , 16 Jun '09 4:11:57 AM Reply | Forward India has a black market law. It can easily apply to "Aloowalla" or "Dalwalla" However, it is out of bound for NYMEX oil spot prices. Oil Price was $1.00/bbl around 1961-63: It went up to $12/bbl to $18/bbl during 1973-2000. It stayed around this with a drop to $12/bbl during 1999: It was around 422/bbl in 2000. Based on this oil price should be around $30/bbl-$32/bbl in 2009/2010. It was $32/bbl in March of 2009 when the speculators were out of the oil market. Indian Goverment should have a good number(true cost number) for all puplic and private compamy what it costing them to produce a barrel of oil. One can add expected profit to this TRUE COST(TotalCost)per barrel
Jack up the PricesBy: Kannan | Tuesday , 16 Jun '09 1:46:16 AM Reply | Forward India doesn't have enough space for big wide highways like USA/Canada. Population density of Canada is way low and so everyone needs to own a car. India has very high population density and if Indian road traffic increases our narrow roads cannot handle the traffic. India should spend more money to develop faster and more comfortable public transportation. Lot of Underground/metro/over the bridge rail lines need to be developed in cities. Trucks should only be used only where railway transportation is not possible. Government should help merchandise move at a low cost to keep prices under control. Rich people who can offer to keep a car should pay Rs 100/Litre or more. You save the environment and bring revenue to country for infrastructure development!! India cannot control the oil price but they can prepare now to face the future!!
Dear Mr Head clerk of IndiaBy: sadaadmi | Monday , 15 Jun '09 23:41:50 PM Reply | Forward Dear Mr Head Clerk of India ( yes ,I meant PMPosted by sadaadmiJune 1, 2009 The Aam admi has elected Congress and you have become Prime Minister Of India. I wish and request that you convert yourself as real PM instead of acting like a Head clerk, for the sake of the country and for the sake of “foolish Aam admi” who has voted for you. Along with your Cashier Chidambaram and commercial Assistant Montek You have completely forgotten the Aam admi, to whom you lie (Promise!) during election time that every family will get Kentucky fried chicken twice a day, 2 pairs of Raymond suits and one 2 Bed room flat . Your Cashier Chidambaram had 17000 crore for paying sixth pay commission Benefits to your “Govt Babus”. But you do not have money to Construct Super specialist Hospitals in every District or at least one every 2 district. You do not bother much as you got your Eyes and Hearts operated at AIIMS free of cost. Both as a retired Govt servant as well as PM these facilities are free to you and are paid from the tax money Indian citizen pays mainly for improvement of poor. Every one is praising ‘you three’ as the Great Economists. But I wonder the team which saw to it that Power cut existed from Kashmir to Kanyakumari except Gujarat, Chhattisgarh can hardly be called intelligent! While thermal power could be improved upon by implementing the projects which can be 95 % efficient you created a opinion that Nuclear power is the only solution. We hardly produce 3 % of the existing power output. Even the less educated would say that power is the backbone for Development and Employment Generation
If Relaince Determine Oil prices?By: Anu | Monday , 15 Jun '09 21:37:00 PM Reply | Forward More than the price hike , the minister has already come with a notion to take away the central control over oil prices decisions.If that happens the oil price can be decided by the ONGC , and the private players like RELAINCE,ESSAR etc.Think about the consequences if Relaince can determine their prices for oil,petrol
fuel price hikeBy: E.R.Murthy | Monday , 15 Jun '09 21:21:51 PM Reply | Forward Well said, now that elections are over, it is time for govt. to allow Fuel Cartel to fill their coffers. After all they are one of the contributors for election fund. How else to compensate-? Same thing goes with other commodities.
Petrol ID Cards for vehicles.By: B. N. Mandhar Gurdaspuri | Monday , 15 Jun '09 20:10:39 PM Reply | Forward It is a matter of shame India has not yet found solutions to control petrol prices even 60 years after tasting MALAVIYA/SIRAJUDDIN OIL SCAM.The reason is very simple that Indian Oil Ministers always collect money for elections through Oil scams from sixties IN THE NAME OF SUBSUDIES.Why USA sells oil even today at $2.90 a gallon(Rs.25 a litre)even though USA pays more on haulage than India does.The magic is that USA/INDIA get oil from same source.Instead of rising price as Deoria is planning,it will be more prudent measure to CONTROL PETROL PRICES BY ISSUING ID CARDS FOR EACH VEHICLE(CAR/SCOOTER/TRUCK/VAN/JEEP) SO THAT WE CAN CHECK MISUSE OF PETROL BY STUDENTS/TERRORISTS/TRADERS/POLITICIANS.This is very essential if India wants to come out of petrol syndrome every now and then.IT IS A CHALLENGE TO MALAVIYAS/DEORIAS!If they do this exercise,India can prosper provided prosperity of India is fundamentally basic and dear to the hearts of Oil Ministers/Oil Bureaucrats/Oil Politicians.Thanks
CONTROL PETROL.By: B. N. Mandhar Gurdaspuri | Monday , 15 Jun '09 19:51:53 PM Reply | Forward What is the problem with ministers like Deoria who have failed to control petrol prices like his peers.He may be planning some scam because he has wasted ill gotten money on recent elections and now he wants to recover for the next elections.His peer Malaviya also did the same thing via famous Sirrajudin Oil Scam of sixties immediately after menon Jeep scandal right under the banyayn-tree politician of the stature of Nehru.Poor Nehru! He was unaware of these scams prospering right under his watchful eyes. The result was that Malaviyas/Deorias were always able to fleece poor Indian by selling petrol at higher prices than USA.The magic is that USA spends more on haulage than India.Price of petrol in USA today is $ 2.90 a gallon(Rs.30 per litre).India sells at Rs.40 a litre
MrBy: Samapth | Monday , 15 Jun '09 19:49:34 PM Reply | Forward AAM Addmi is paying the price for electing Congress.You deserve this
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