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Average oil price

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Have you compared it with relative retail price in India? No benefits of fall in oil prices extend to general public by indian companies..
 
Have you compared it with relative retail price in India? No benefits of fall in oil prices extend to general public by indian companies..

As oil is imported & as we want to protect consumers in case price reaches $ 100, we levy additional duties and jack up the price!! We have to either locate new sources of oil or move away from oil towards renewables
 
As oil is imported & as we want to protect consumers in case price reaches $ 100, we levy additional duties and jack up the price!! We have to either locate new sources of oil or move away from oil towards renewables
hi

this is main reason for oil price in india.....price always goes up immediately.....rarely comes down slowly...
 
Indian consumers are taken for a ride by the govt.

Oil is a big source of revenue for the govt. Both central and state govt live off it.

Both do not want to let go of revenues from this.

Higher oil prices lead to higher prices of all commodities.

We must be one of the highest taxed countries with oil being taxed and indirect effect on prices of other commodities.
 
This joke on tax was doing rounds in Whatsapp quite long..

Question 1.. : What are you doing?
Ans. : Business.
Tax : PAY PROFESSIONAL TAX!

Question 2 : What are you doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!

Question 3 : From where are you getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI

Question 4 : What are you getting in Selling Goods?
Ans. : Profit.
Tax : PAY INCOME TAX!

Question 5: How do you distribute profit ?
Ans : By way of dividend
Tax : PAY DIVIDEND DISTRIBUTION TAX

Question 6 : Where you Manufacturing the Goods?
Ans. : Factory...
Tax : PAY EXCISE DUTY!

Question 7 : Do you have Office / Warehouse / Factory?
Ans. : Yes
Tax : PAY MUNICIPAL & FIRE TAX!

Question 8 : Do you have Staff?
Ans. : Yes
Tax : PAY STAFF PROFESSIONAL TAX!

Question 9 : Doing business in Millions?
Ans. : Yes -- Tax : PAY TURNOVER TAX!
Ans : No -- Tax : Then pay Minimum Alternate Tax

Question 10 : Are you taking out over 25,000 Cash from Bank?
Ans. : Yes, for Salary.
Tax : PAY CASH HANDLING TAX!

Question 11 : Where are you taking your client for Lunch & Dinner?
Ans. : Hotel
Tax : PAY FOOD & ENTERTAINMENT TAX

Question 12 : Are you going Out of Station for Business?
Ans. : Yes
Tax : PAY FRINGE BENEFIT TAX

Question 13 : Have you taken or given any Services?
Ans. : Yes
Tax : PAY SERVICE TAX

Question 14 : How come you got such a Big Amount?
Ans. : Gift on birthday.
Tax : PAY GIFT TAX

Question 15.: Do you have any Wealth?
Ans. : Yes
Tax : PAY WEALTH TAX

Question 16 : To reduce Tension, for entertainment, where are you going?
Ans. : Cinema or Resort.
Tax : PAY ENTERTAINMENT TAX

Question 17 : Have you purchased House?
Ans. : Yes
Tax : PAY STAMP DUTY & REGISTRATION FEE

Question 18 : How you Travel?
Ans. : Bus
Tax : PAY SURCHARGE

Question 19.: Any Additional Tax?
Ans. : Yes
Tax : PAY EDUCATIONAL, ADDITIONAL EDUCATIONAL & SURCHARGE ON ALL THE CENTRAL GOVT.'s TAX

Question 20: Delayed any time Paying Any Tax?
Ans. : Yes
Tax : PAY INTEREST & PENALTY

21) INDIAN : Can I die now??
Ans : Wait we are about to launch the funeral tax!
 
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