Hello man, don't talk to much about that idiot MMS - he will sell India to America. He'll get at least 1 billion USD for this deal. Then about the hike in petroleum price, open your bloody eyes and read the below split carefully, you fool. Basic Price = Rs 21.93 Excise duty = Rs 14.35 Education Tax = Rs 0.43 Dealer commission=Rs 1.05 VAT =Rs 5.50 CrudeOilCustomduty=Rs 1.10 Petrol Custom = Rs 1.54 TransportationCharge=Rs 6.00 =============================== Total price = Rs 51.90
So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.Govt. is thinking to impose more price hike to curtain with the current crude oil bubble in International oil crisis.
If Central Govt. wish, it can still reduce the price of petrol in the current crisis situation, but it doesn't intend to do so, instead trying to fool the people and Nation. This is the basis LEFT parties are opposing, just generating more profits for the oil marketing companies.
