Hike in price of fuel is inevitable as the crude oil prices are going up. However the taxes and duty on oil also needs to be reduced accordingly to reduce the burden on companies and the public.
Also the Tax exemption that the Gov gives on petrol/fuel is Rs 9600 per annum and this has been for very very long. The fuel prices have gone up by about 6 times. The Gov should also consider to increase the Tax rebate on fuel accordingly.
Everyone of you has given some interesting suggestions which can be implemented , but practically implication of this suggestions would be like discrimination of richer and poorer . Where as our country being only one nation in entire globe who talks about equal right.
Hence I dont think we should go with this kind of suggestion.
Rather Rationing of Oil can be done same like Kerosine.
Depending on the family size quantity of petrol should be decided. Same like distribution of kerosine in India through Rationing shops.
At the same time any family requiring extra petrol can get the same on premiums.
i.e. If petrol is available for say 55 Rs. / Ltr. and the quantity for a family of four people is say 20 Ltrs. / Month If the family requires say 25 Ltrs. / month which means 5 ltrs. extra then the balance 5 would be available on premiums may be @100 rs./ltr.
This way country would save ample of foreign money , $ reserves would increase and would generate good amount of revenue for the nation.
Pl. comment on same if u do not agree with the same.
Thanks and Regards Rishi Kant Neema 09755097229 (M)
RE:fuel prices
by Rajesh on May 30, 2008 01:37 PM Permalink
Rs 9600 per annum is the Amount spent for petrol/diesel which is excempt from tax. With increase in fuel price this limit also needs to be increased.
RE:stop food supply to them
by Ram Bhagwat on May 28, 2008 06:28 PM Permalink
FULLY AGREE...THE REST OF THE WORLD NEEDS TO GET UNITED AGAINST THESE COUNTRIES..
RE:RE:RE:stop food supply to them
by JAWAHAR NARAYANAN on May 29, 2008 03:13 PM Permalink
WELL SAID RAKESH, LESSION TO BE TAUGHT TO THEM WITH COPERATION OF OTHER COUNTRIES. P.N.JEYJAWAHAR
RE:stop food supply to them
by paruthi V on May 28, 2008 01:39 PM Permalink
Great idea dude, supply a kg of wheat/rice at 130$. Only then these opec fools will learn a lesson
RE:stop food supply to them
by Sanjay on May 28, 2008 03:39 PM Permalink
Yes a great Idea a food, milk embargo these people will then learn a lesson they will never forget.
I m agree with the suggestion given by Mr Zuveri. But there is the mot big problem is to implement it successfully. look, in India the persons having four wheelar also having two wheelar upto the limit. now when he buy the oil then the oil pump man will provide the oil on which basis. ok upto some how the revenue will b collected but due to this type of action the complete automobile industry of the country may also come under the trouble. Hope that u understand the thing also in the different angle. I appreciate your calculation but there is a need of further rectification in it. As the problem is certainly so big so it is recommended to hike the price upto a limit to make the oil industry in a healthy pace. well as the matter is not going to solve just by increasing the price so in the current situation wit a decision of increasing the price if some steps also been taken by the Govt with the suitable plan and discuss over the consumption and source of obtaining the oil.
RE:oil price
by Mahadevan Balakrishnan on May 29, 2008 03:28 PM Permalink
This is interesting.. Essentially stating that the rich people who drive around in mercs and bmws get the benefit of subsidy more than the poor cousings driving around in m800s...
The quick solution could be to give out petrol and price them based on the cc of the car/bike. That is easy.. Everyone has to carry RC book and that clearly mentions the CC. Could be a good work around...
From: Maulik Zaveri, Ahmedabad (Mobile:9898002186) Why Rate per Ltr. of petrol is same for vehicle giving averae of 2,4 or 8 per ltr and 40,60 or 80 per Ltr?
Example: If we take base Rs. 30/- per ltr of petrol and 40 Km. per Ltr. as standard then Vehcile giving average of 2, 4 or 8 Km. per ltr. are consuming 20, 10 or 5 times more that vehicle giving average of 40 per ltr.
So that if price for ltr. of petrol is Rs. 30/- for vehicle giving average of 40 Km. per liter then prices for vehicle giving average of 2, 4 or 8 per lt. will be Rs. 600/- (20*30), Rs. 300/- (10*30) and Rs. 150/- (5*30) per ltr. respectively.
Suppose Mr. X runs car having Avg. of 2Km/Ltr daily for 20 Km., he uses 10 Ltr petrol per day. If we take Rs. 30/- per ltr. of petrol and 40 Km per ltr. as a base his car is using 20 times more petrol than standard so he would be charged Rs. 600/- per ltr. of petrol (20* Rs.30/-). He has to pay Rs. 6000/- per day for use of 10 ltr. petrol in fact he is paying Rs. 300/- only so Rs. 5700/- per day is subsidy to him and for year Rs. 20,80,500/- (Rs. 5700*365. If their are 10000 users of car giving avg. of 2 km/ltr than subsidy to him is 2080,5000000 (Apprx. Rs. 2080/- Crore)!!!!!!.
1)Don't you think that at present governemt is giving subsidy to a purcahse of petrol whose vehicle are giving average of 2, 4 or 8 per Km ltr. and burden of same is passing on the vehicle owner whose vehicle is giving averae of 40, 60 or 80 per ltr. ?
RE:Innovative Suggestion For Fixing of Petrol Prices
by ASHOK on May 28, 2008 04:41 PM Permalink
Start taking annual tax on the type of Vehicle some one is holding. If it is Gas guzzler than demand high tax per year. Similarly introduce a cess on INSURANCE Premium of the vehicle depending upon the mileage it gives..
Maulik you have taken up a very valid point. We should support it and heavily tax Gas guzzlers.
RE:Innovative Suggestion For Fixing of Petrol Prices
by Balasubramaniam R on May 29, 2008 03:31 PM Permalink
so we can for sometime ban usage of large cars or charge hefty usage tax (Rs 10000 per day) on these cars to be paid at at police stns everyday that will deter many from using them.
RE:Innovative Suggestion For Fixing of Petrol Prices
by crazyguy on Jun 03, 2008 02:12 PM Permalink
Mr.Zaveri while calculating so called subsidy we are forgetting a fact that there is NO SUBSIDY actually. Govt of India is buying petrol @23/- per liter and selling @51/- per liter adding a whooping 52% tax on it. So while calculating your 2080 crore subsidy on some cars please mention how much tax the same carwalas are paying to Govt of India. You will have a heart attack. Please note most of our politicians king like expenditure is met by taxes on petrol, which if stops they will die. Subsidy on petrol is a eyewash and worst hypocrisy.
RE:Innovative Suggestion For Fixing of Petrol Prices
by N T on May 27, 2008 11:02 PM Permalink
Hi Maulik, well ur point is that subsidy is Rs. X per litre. Hence more the consumption more the subsidy availed in absolute terms. But do u think a differential pricing is feasible? E.g. I will fill my car using my bike's petrol and avail the petrol for bike only....Or do u want us to go back to the days of rationing?
RE:Innovative Suggestion For Fixing of Petrol Prices
by Sahadevan KK on May 31, 2008 11:57 AM Permalink
BJP led NDA govt was anti-people. It increased ad-valorem tax on fuel. Now we pay 60% of the charge of fuel is tax. BJP has no way to say about price-rise. It is an opportunistic party.
RE:Innovative Suggestion For Fixing of Petrol Prices
by M H Kisan on May 31, 2008 07:46 AM Permalink
Dear Maulik, your statements do not seem to make sense.
1) Rate will depend on production cost, taxes, duties, cess, and distribution costs. and not wether you burn it or just throw it away, once you have purchased it.
Just as the mango that you purchased cost the same whether you eat one mango per day or 7 mangoes per day, or just throw them away.
2) A person using a vehicle x giving an average of 2 KM per litre of petrol at Rs 30 (your base) will travel 1 KM by spending Rs 15
Another person using vehicle y giving an average of 40 KM per litre of petrol will travel 1 KM by spending Rs 0.75 paise.
The person using an inefficient vehicle will always pay more.
The Govt is not going to cut Taxes which is imposed on Oil and gas since
1.One of the major revenue for govt. 2 To compensate the loss on subsidy of LPG.(Domestic)
So if people/Govt change the mindset.
1 To use only 4/2 vehicle with a min Specific Milage. 2 Ban SUV/4 Whellers in Cities for some specific time say (Morning /Evening Rush hours) 3 Public vehicle should be improved and plan for maximum ulilization. 4 Let public servants/Govt staff uses a common tranport like VSSC/ISRO. 5.More than 2 vehicles should not be registered in one person name/Address
6 Let the Goa Taxi be implemented all over India. ie 2/4 wheeler can be used as a taxi by any one by paying a small amount as tax, so that many people share the same vehicle. and a small percentage of people may get a small Job.
RE:Dear all..
by Balasubramaniam R on May 29, 2008 03:33 PM Permalink
Good suggestions but is our govt. prepared for organising addl. public transport etc. Does not seem feasible in the near future but we have to go on thse lines certainly in the long run.
RE:Dear all..
by Sahadevan KK on May 31, 2008 11:58 AM Permalink
BJP led NDA govt was anti-people. It increased ad-valorem tax on fuel. Now we pay 60% of the charge of fuel is tax. BJP has no way to say about price-rise. It is an opportunistic party.
RE:Dear all..
by crazyguy on Jun 03, 2008 02:16 PM Permalink
They why your communist fathers have not reduced it after coming to power thru congress? Why the local tax in West Bengal is higher than Delhi? Don't talk rubbish always.
This is one of the most foolish articles I have ever read. The article heading says Why crude oil price is zooming. The author of this article has seldom mentioned about this, I mean what is teh reason for increase in crude oil prices. Instead he has put some petrol pump pictures and talk irrelevant things. What a foolish guy? Till the end he never gives the reason for the increase in crude oil prices.
RE:A foolish article
by Saju Nazeer on May 27, 2008 06:10 PM Permalink
The crude oil price is shooting since China is storing OIL. and US has stored more than 10 times now to create the shortage.
