well everyone cribs about the rise in petrol prices and that the govt should do something about it.. then come on see the bigger picture.. havent most of us been given a salary hike more the percentage of hike in petrol all these years.. v have all gotte used to be treated as immature lot.. try n find how much this petrol n diesel have been subsidised to make all of us feel better.. come on guys lets try n get used to living a life with no subsidies.. that wud be the day when v shud feel independent.. not dependent on subsidised life..think abt this if u can afford a car u better not crib abt the petrol.. penny wise and pound foolish..
RE:petrol price
by Sunil Sharma on Jun 04, 2008 06:53 PM Permalink
Govt is making all of us fool by saying that they are giving huge sunsidy on petrolium products. In India total taxes on petrol is about 52% it means the oil company get only 24rs for a litre and 26rs goes to govt as tax and govt give about 6-10rs as subsidy :-)
RE:petrol price
by Arun Bhatnagar on Jun 04, 2008 06:54 PM Permalink
On one side there is subsidy, on the other side Govt & Oil Companies together take away about 70% of the retail price in their kitty. Actully higher crude price, higher the Government earning in terms of import duty, excise duty, CST, VAT, corporate tax from oil companies.
