April 17, 2012

Petrol Costs Only Rs.35 Per Liter - No Under Recoveries

There are absolutely no Under Recoveries in Petrol . It costs Rs. 35 Per Liter. Rest are all Taxes.

By calling under recoveries in Petrol the Aam Aadmi ( the Middle Class ) is being mis guided.

Two points need to be considered here :-

Petrol Price has been Decontrolled while that of Diesel , Kerosene kept regulated ( administered ) . So the burden massive subsidy for Diesel etc is put on Petrol . Hence , in a misleading manner it is called UNDER RECOVERY IN PETROL.

 Actually it is OVER RECOVERY IN PETROL . 

Indian OIL Corporation ( IOC ) is right when i t asks the Govt. to keep   even Petrol as an administered and Controlled petroleum product.

Petrol is costing only Rs. 35 Per Liter. Rest are all Taxes - Central ,State , Municipal.

In Punjab Petrol costs  around Rs. 75 Per Liter. Octroi ( Choongi ) is continued to be  levied in Urban  areas despite the fact that Octroi has been abolished in Punjab and  to remove Octroi from Petrol was one of the Poll promises of the presently Ruling Parties of Punjab   

Petrol is used mainly by the Common Man ( Middle Class ). But Petrol is made to cross subsidise Diesel which ks used by the Vote Banks.

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