April 07, 2012

Diesel Subsidy to Make India Bankrupt

Vote Bank considerations subsidising Diesel is driving India to Bankruptcy. World wide price of Diesel in nearly the same as Petrol. But in India Diesel is sold at nearly half the rate of Petrol. Whereas pricing of Petrol has been decontrolled ,Diesel pricing has been kept Administered .

Even today Petrol costs only Rs. 35 Per Liter. In Jalandhar and Punjab it is being sold at Rs. 75 Per Liter. Per se THERE ARE NO UNDER RECOVERIES IN PETROL

 Aam Admi ( Middle Classes ) who use Petrol in scooters , motorcycles ,small cars is being heavily taxed to cross subsidise Vote Banks like rich farmers


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