About five weeks ago government hiked petrol prices and i had posted blog which was titled " Three Indians equivalent to one liter petrol (rs.25x3=rs.72.85)." If not refer to blog on September, 22.
Fuel price hike in India is not a new phenomenon for none of us and the simple reason they say is that escalating crude prices in the International market. Yesterday, it has moved to $108 for a barrel.
And it has devalued the prices of the Indian to a few paise less.
Let me put forward a different situation. When a company hikes the prices of any commodity it will always forsee some profit. Let us say, if Oil Marketing Companies hike the price by Rs.1.82 yesterday, they must be having at least a profit of 5 paise per liter.
30% of the population of India use on an average two liter petrol per day (35crore x 2). Now calculate 70 crores x 5 paise -- that is the profit irrespective of international escalation of prices Oil Marketing Companies make. Still they say that they are sitting on a huge loss. The figure that i have given is just an assumption of a common man. But in business nobody does a marketing for anything less than a 15%.
Now don't wonder when see the Oil Marketing Companies sweeping profits at your cost in whether it is international crude price escalation or internal shortage.
At the end of the day, the loser is you and me.
Understand, every price hike in the petroleum products would trickle down to the sadhu in varanasi who smokes a bidi and poverty ridden villager in some interior part of Tamil Nadu who eats iddli and sambar for rs.10.00.
What can we do about it?
How can we overcome these crisis?
Why do we have to make the people in gulf richer as we squeeze the means of our livelihood? Why do we have to support the lazy life of Arab world?
Of course, we have no other options, as India is not an oil rich country to cater 1.26 billion population.
So what can we do?
We are innovative in escalating the population in our country.
Why are we not taking initiatives to think of some innovation that can substitute Petroleum products?
Why can't we put our energy into sorting out this crisis?
A country with so much human resources and human productivity definitely have to think differently to solve internal crisis, anarchy and chaos that would trigger when the commoner is not able to support his/her needs.
When the bread is not affordable - they are tent to steel it like in the Afrian countries. It is a common phenomenon there.
The bread that is alien or unaffordable will be snatched or grabbed wherever it has affordability.
Think about it. Pass it on to your fellow Indians.
Remember, It is Your India, Our India.
By Joji Valli
(Author Publisher)
Visit CreatiVentures Publishing
Fuel price hike in India is not a new phenomenon for none of us and the simple reason they say is that escalating crude prices in the International market. Yesterday, it has moved to $108 for a barrel.
And it has devalued the prices of the Indian to a few paise less.
Let me put forward a different situation. When a company hikes the prices of any commodity it will always forsee some profit. Let us say, if Oil Marketing Companies hike the price by Rs.1.82 yesterday, they must be having at least a profit of 5 paise per liter.
30% of the population of India use on an average two liter petrol per day (35crore x 2). Now calculate 70 crores x 5 paise -- that is the profit irrespective of international escalation of prices Oil Marketing Companies make. Still they say that they are sitting on a huge loss. The figure that i have given is just an assumption of a common man. But in business nobody does a marketing for anything less than a 15%.
Now don't wonder when see the Oil Marketing Companies sweeping profits at your cost in whether it is international crude price escalation or internal shortage.
At the end of the day, the loser is you and me.
Understand, every price hike in the petroleum products would trickle down to the sadhu in varanasi who smokes a bidi and poverty ridden villager in some interior part of Tamil Nadu who eats iddli and sambar for rs.10.00.
What can we do about it?
How can we overcome these crisis?
Why do we have to make the people in gulf richer as we squeeze the means of our livelihood? Why do we have to support the lazy life of Arab world?
Of course, we have no other options, as India is not an oil rich country to cater 1.26 billion population.
So what can we do?
We are innovative in escalating the population in our country.
Why are we not taking initiatives to think of some innovation that can substitute Petroleum products?
Why can't we put our energy into sorting out this crisis?
A country with so much human resources and human productivity definitely have to think differently to solve internal crisis, anarchy and chaos that would trigger when the commoner is not able to support his/her needs.
When the bread is not affordable - they are tent to steel it like in the Afrian countries. It is a common phenomenon there.
The bread that is alien or unaffordable will be snatched or grabbed wherever it has affordability.
Think about it. Pass it on to your fellow Indians.
Remember, It is Your India, Our India.
By Joji Valli
(Author Publisher)
Visit CreatiVentures Publishing
Actually there is a lot of effort in all sectors, however give that in India land and resources are scarce we need to focus more on energy efficiency.
ReplyDeleteMy articles in Renewable Energy Magazine http://renewableenergymagazine provide a holistic scenario of the power sector.
Conversion of vehicles to combine fossil fuels and electric running is also haooenning albeit very slowly. Also efficient home lighting, solar generation, efficient motors, etc would go a long way in decreasing the strain on the economy.
For now would recommend travel only when necessary and switch to a efficient electric two wheeler for short commutes.
Heres to a better planet
Regards
Ritesh Pothan
http://natgrp.net
http://natgrp.wordpress.com
PS. Petrol really isn't that expensive as taxes actually double the cost
Our situation is no different then Libya. Unless we wake up & get together there is no hope. Same as Qaddafi kept all the wealth of the nation our Ministers have also stacked funds in foreign banks. And since the finger points at them they are naturally reluctant to pass Jan Lokpal Bill.
ReplyDeleteYes mr joji abs right, we need a paltfom for this which is provided by annaa hazare & team. In my view these people streching for corruption and we can/will force them to raise the inflation issues too.
ReplyDelete