Yesterday the UPA government has increased the petrol price by 7.5Rs/Litre. Ok I know, you will say no it's not UPA government who has increased the price. Petrol is not subsidised and prices are officially deregulated from June 2010 onwards. State oil companies decides the price. Oil companies revise petrol prices on 1st and 16th of every month on the
basis of average international oil price and the foreign exchange rate
in the previous fortnight. But whenever, UPA government wants ,they can tell the compnaies not to increase the rates. All political fundas.
Let's discuss on the cause of petrol price increase.
1) Gasoline price, against which petrol price has been benchmarked, is USD 124 per barrel.
2) Depreciation of rupee against US dollar. It has come down to 56 Rs from 53.17 Rs against one dollar today. All time low. I came to know that ,""Every dollar reduction in international oil price translates into a cut
in product price by 33 paisa. But every time rupee depreciates against
US dollar by rupee one, it translates into a requirement to raise prices
by 77 paisa," said by IOC Chairman R S Butola.
3) State-owned oil firms said that currently losing Rs 6.28 per litre on petrol, Diesel at a loss of Rs 15.35 a litre, kerosene at Rs
32.98 per litre loss and oil firms lose Rs 479 on sale of every 14.2-kg
domestic LPG cylinder.
So, based on all these facts the oil firms has increased that petrol price by 7.50 Rs. After this increase, below is the list of price rate of petrol across various cities of India.
Cities
|
Current
|
Price Revised
|
Price Increase
|
Delhi
|
65.64
|
73.18
|
7.54
|
Mumbai
|
70.66
|
78.57
|
7.91
|
Kolkata
|
70.33
|
77.88
|
7.85
|
Chennai
|
69.44
|
77.53
|
7.50
|
Patna
|
68.09
|
75.59
|
7.50
|
Bhopal
|
70.61
|
78.11
|
7.50
|
Indore
|
70.47
|
77.97
|
7.50
|
In India 29.8 percent people are below poverty line, their income is below that 28.65 Rs per day. Just tell me, how will they survive. Petrol price hike is just a start of pulling the threads of horror to Indian kitchen's economy. Based on the above mentioned facts, it is confirmed that now diesel, LPG and kerosine all inline of price raise. Rising petrol price is not about just keeping your new car or bike in the garage and looking for the new bicycle. They are many more. Government says petrol price they cant control, it is deregulated. What about other things ? What about cooking oil, vegetables, food materials, milk, sugar................ ufffh long list. I want to ask them, are the price of these are under control? Below is the list of price hikes of petrol in last 3 years. (source : From-Rs.47-to-73-petrol-price-hikes-in-the-last-two-years)
People are totally fed up with UPA government. People of India gave them second chance, but it was the biggest mistake we have done. What to do now? Everybody expected that UPA has great leader and economist Mr Manmohan Singh. Along with him there is a great team like P chidambaram, Pranab mukherjee, Kapil Sibbal etc. But what we got it. They are useless fellows. Gandhi family still doing the same politics by using the name of Father of nation. Tragedy is current generation children think that Rahul Gandhi is descendant of Mahatma Gandhi. And nobody knows where the real Gandhi family is? how they are living?
Now India needs a very, very good and strong leader who can opposes these kind of injustice. People are angry in fact very very angry. They just need a light to fire the torch. Now India needs some big movement something like Russia, Egypt or Syria. It requires some student movement or Jan movement like Anna Hazare or Arvind Kejriwal immediately. It already happened in India, once after independence, I guess you remember Jayaprakash narayan loksatta. These UPA shaitaan 's are biggest enemy of India.
Today morning I was watching a video of Mr. Narendra Modi. It was Leader SUMMIT by Hindustaan times. There, he delivered a wonderful speech and gave superb answer of all the queries asked by the delegates. Here is the video.
People of India just think about it.
