November 16, 2011

Why Punish Investors in Petrol Price Roll Back ?

If the roll back of petrol is at the cost of investors then it is very poor administrative policy of the Government. Without taxes Petrol costs less than Rs. 23 per liter. Instead of penalizing the investors , Governments  ( both Centre And  State especially Punjab ) should reduce their taxes ( around 200 % of base price ). Further , Vote Bank considerations have made Governments decontrol only petrol . The entire burden of under recoveries is put on petrol and diesel etc is left untouched .  Governments should form policies on economics and not vote bank considerations

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