1st shock: Petrol to cost Rs. 10 more and LPG would cost Rs. 114 more
The petroleum ministry on Wednesday made out a strong case for increasing the fuel prices by up to Rs 10.43 a litre in petrol and Rs 114.45 per cylinder of cooking gas to save oil companies from a massive financial loss with the Left parties opposing the move.
They instead suggested cut in duties and CNG pricing policy to mitigate the surging international oil prices.
In a presentation to Left leaders including Sitaram Yechury of CPM and Gurudas Dasgupta, the oil ministry said prices of petrol need to raised by Rs 9.33 per litre, diesel by Rs 10.43 per litre, kerosene by Rs 17.16 per litre and LPG by Rs 114.45 per cylinder if prices are to be brought in parity with imported costs.
The oil ministry said without the price hike, oil companies would suffer a revenue loss of Rs 73,512 crore (Rs 735.12 billion) in 2006-07 fiscal.
It gives me shock, when I hear the word “hike” in petrol prices, even if it is Re. 1…currently we pay bloody Rs. 49 for the petrol (Rs. 49.17) and to make it worse, they want to make it almost Rs. 60, it was time when we used to discuss about petrol pricing in airplanes (I guess it’s called as white petrol), we used to say “Rs. 60, so costly white petrol is” and now we will say “So costly, our normal petrol is, let’s switch back to rickshaws”
Good Reads: Check petrol prices around the world (Pakistan Rs. 38.39, Malaysia Rs. 18.90 and USA Rs. 29.43) and article on Rediff
2nd Shock: 50 pc reservation in pvt institutions
The Maharashtra government today decided to reserve 50 per cent seats for scheduled caste, scheduled tribes and OBCs in vocational courses in private educational institutions of the state.
An ordinance to this effect will be issued soon and the reservation would come into effect from the coming academic year, Public Works Minister Chhagan Bhujbal told reporters in Mumbai after a cabinet meeting which took the decision.
The state government has acted according to a directive of the Supreme Court, following which the central government had made a legislation, Bhujbal said.
According to the decision taken by the cabinet today, 13 per cent seats would be reserved for scheduled caste, seven per cent for scheduled tribes and 30 per cent for other backward classes (OBCs), he added.
First it was about Quota System in IIT/IIM and now they want quotas in private institutions too. The time has come to say “Hey, good news, now we have 50% reservations for open castes”
It’s all a big mess and we really need to do something about it…these kind of moves are making me think that “Why should we vote for them, all these parties are bunch of fools”
Good Reads: Article on Mid-Day
in delhi petrol currently is 44.xx and as for quota thingy, in delhi we students booked a hall in a hotel and the bloddy police comes to know of it, so they call the hotel and tell them to cancel the booking (yes i was also going).. so now we have to meet at Jantar Mantar in the scorching heat
today also a protest by med students… DU and IPU joining in… protests likely to get violent today…
well, I myself wonder how much bigger profit they are gonna make by increasing the price of fuel. its clear that they are ofcourse bullsh***ing when they say they are gonna suffer a loss when the current rate of petrol is above Rs.40/litre(I pay about Rs.44.20/litre for Power in Delhi) which is much higher(almost twice & even more than that in many cases) that what’s the rate in other countries like Malaysia(is selling dirt cheap there, premium petrol at about Rs.19/litre, cheaper than a litre of Pepsi). Even in US where cost of living is high, the premium petrol is much cheaper, almost half of what’s here!! Same goes for most of western Europe as well & mind you, shipping costs to those places is more than what its to India since they are farther away. And I doubt that the Indian companies get the crude oil at inflated rates, its just that you know how things are in those govt circles, blatant corruption!!
and what’s more, the oil companies(was it Indian Oil, I’m not sure) have 50-100 crores for sponsoring cricket tournaments etc. even though they are moaning about suffering losses, I find the irony highly amusing!! 🙄
U know what indian government SUCKS big time, all the fuel hikes are for imposing the monopolistic scenario and i would also add that general public is the main culprit that pays and accepts everything as it is….
On what basis the government is planning to increase fuel price? have they gone nutts. Its our Bl**dy government who is wasting lots of fuel for which general public has to pay the price. Every Bl**dy Politicians in India moves with atleast 5-6 cars for their security. Just imagine how much fuel goes waste just for One Assh**e. We should not allow the hike in Fuel Price. lets raise our voice over it.
petrol prices should nt b raised as these r bl**dy games government is playing with its innocent n totally unaware public v hav to show v r nt sleeping!!!!!!!
v hav to secure ourselves by raising voices against all dis big blunder
petrol cost 72.xx RS
ELECTRICITY UNIT 2.20 RS
INTEREST RATES 12.5%
POPULATION 120 CRORES