• This forum contains old posts that have been closed. New threads and replies may not be made here. Please navigate to the relevant forum to create a new thread or post a reply.
  • Welcome to Tamil Brahmins forums.

    You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

    If you have any problems with the registration process or your account login, please contact contact us.

Ache Din has arrived Petrol crosses Rs.80/- litre

Status
Not open for further replies.

KRN

Active member
Petrol price is not a political issue, it is a global economic issue. Even Saudi Arabia cannot fully control the price of crude.

But I agree that the prices should not have been frozen before the Karnataka election. That was a political ploy.

Eventhough these issues make good talking points, they don't have much impact on elections...like the coalitions, caste combinations etc.
 

Brahmanyan

Well-known member
Petrol price is not a political issue, it is a global economic issue. Even Saudi Arabia cannot fully control the price of crude.

But I agree that the prices should not have been frozen before the Karnataka election. That was a political ploy.

Agreed. But the question is why the Government is hesitating to bring the Petroleum products under GST ?
Second question is why the Government has not passed on the benefits of Price reduction in Crude to the consumers, instead they
enhanced the duty on the product.
I do not understand the logic of daily price fluctuations either !

Brahmanyan
Bangalore.
 
S

swathi25

Guest
That's based on facts. In 2014 and 2017, the SP and BSP fought separately. If you club their votes in each constituency and compare with votes BJP got in each one of these seats in 2014/2017, you will see that had they fought as a coalition, they might have won with an overwhelming majority. Of course politics is not as simple as counting the votes of disparate parties. But in 2014/17 BJP had the Modi effect, which is most likely to wane. And in the Gorakhpur/Phulpur elections, BSP + SP showed a good working combination and excellent transfer of votes on the ground. That is big warning signs for BJP. Gorakhpur was a 'sure seat' for BJP and a defeat there is unacceptable. Akhilesh showed political maturity by talking to Mayawati and keeping her in good humor till now. Mayawati has already been smarting for some time after getting '0' seats in 2014 and negligible seats in 2017. It just remains to see whether she will keep her ego under control and be ready to make sacrifices for a SP-BSP coalition. That decision will reflect on 80 seats in UP + 5 in Uttarakhand - that's 20% of the overall India which is 545 parliamentary seats. Last time BJP got 78 out of these 85 seats. That is a huge dependency. As of now, Akhilesh and Maya have one full year to test the viability of a coalition, in each constituency. If they come together, then down comes BJP tally, to just 20-25 seats at best. That makes a difference of 50 seats from 2014.


BJP's Bihar loss in 2015 cannot be compared to 2017 UP win. In Bihar they fought against Lalu + Nitish. In 2017 they fought against Maya and Akhilesh separately.

A lot of BJP's success had to do with effective booth/seat management. In the Karnataka elections, BJP got 37% votes while Congress got slightly more. Still, BJP got a lot more seats because they concentrated on the winnable assembly seats and did booth management there. Their winning margins in these seats over their rivals was quite less but due to the first-past-the post system, they got a big tally. In Mysuru, BJP is still far behind Cong or JDS. These aspects cannot be ironed out in Parliamentary elections and will be reflected there. Now the other parties are also catching up with BJP in booth management.

Similarly BJP has had some success in northeast with defections but that's just 24 seats in all. Last time, in Assam, the perfume party fought without an alliance with Congress. in 2019 if they join together, as seems likely then that's swaha for BJP there :)

Bengal is one place where BJP will definitely improve but am unsure of anywhere else in India, as in 2014 they had reached saturation in many north indian states. In Karnataka, Cong-JDS combine (if it holds on till 2019) will take more seats than BJP.


I have valid answers for all your assumptions, presumption, predictions, etc

But this thread deals with skyrocketing of petrol cost in India

Discussion on anything else, amounts to derailing the thread.

Hence will reply in appropriate thread.:)
 
S

swathi25

Guest
Agreed. But the question is why the Government is hesitating to bring the Petroleum products under GST ?


Brahmanyan
Bangalore.


[h=1]Sir[/h]
I would like to share the following article published in ‘Business today’ and hope it throws more light on your query.

[h=1]What's the problem in bringing petrol under GST? It's complicated[/h]

petrol_gst_660_012518082409.jpg



Feeling the pinch due to the steadily rising petrol and diesel prices? Waiting for the government to step in and announce an excise duty cut in the Union Budget 2018? Well, don't hold your breath for that. Agreed that this government has done it before-in October 2017, when fuel prices were nearly Rs 2 lower per litre than today-and yes, Finance Minister Arun Jaitley recently said that the Central government favours bringing petrol products under the GST umbrella. But, in reality, a short-term intervention by the government is pretty unlikely as it may disturb the fiscal deficit situation.

According to a GST Council source, who spoke to India Today on condition of anonymity, subsuming fuels in the new tax regime is not as easy as it is politically being made out to be. The problem is that the effective sales tax on fuel varies wildly from state to state. For instance, Maharashtra charges 40% on petrol while Andaman and Nicobar charges just 6% ad valorem. The effective sales tax on diesel ranges from 6% to 29%. This means that each hike in crude oil price brings more revenue to the states. The Centre charges a fixed amount of Rs 19.48 on per litre of petrol and Rs 15.33 on diesel across the country.


The total levies put together are nearly 60% said the source, adding that, "If the central levy and dealers commission is added, the amount goes up to nearly 100% over the real cost of fuel. Now, if petroleum is included in GST, then the Revenue Neutral Rate (RNR) could be as high as 100%".

Read more at: https://www.businesstoday.in/curren...-bringing--petrol-under-gst/story/268865.html
 

KRN

Active member
I have valid answers for all your assumptions, presumption, predictions, etc

But this thread deals with skyrocketing of petrol cost in India

Discussion on anything else, amounts to derailing the thread.

Hence will reply in appropriate thread.:)

OK...my point is, its not matters like rising petrol prices that will be decider in 2019, rather it will be the egos of regional party leaders and caste combinations.
 
S

swathi25

Guest
Second question is why the Government has not passed on the benefits of Price reduction in Crude to the consumers, instead they
enhanced the duty on the product.
Brahmanyan
Bangalore.


Sir,

Every State Government collect different rates of Tax on Petrolium products.

And there may be some who wish to argue that these revenue earned out of tax is being spent to public by initiating welfare measures.

Here is an article on this...

[h=1]The real culprit behind high fuel prices in India[/h]Excerpts:

The media has been constantly talking about rising crude oil prices and how the Indian OMCs are losing so much money as a result of fuel subsidies. To a logical mind, it seems obvious that if international crude oil prices are rising, there is no way we can escape the brunt of it. But if you look at some basic facts, you get a feeling that there has been some deliberate shaping of public opinion. In fact, fuel prices need not be as high as they are now.


The problem is that we fail to ask how much petrol really costs. Let's try some simple arithmetic. International crude oil prices are hovering around US$ 112.5 per barrel. That translates to about Rs 5,085 per barrel. Each barrel contains about 158.76 litres. So, effectively crude oil costs Rs 32 per litre. Now, add the cost of refining it to petrol or diesel. According to an oil company official, the refining cost is about 52 paise per litre. Add about Rs 6 as capital costs for the refinery. Then there's the cost of transportation (Rs 6) and dealer's commission (Rs 1.05). So, adding all that, the price of petrol comes to about Rs 45.6 per litre. But how much are we actually paying for petrol? Rs 68.3 in Mumbai, Rs 63.4 in New Delhi, Rs 71 in Bangalore

Read more at: https://www.equitymaster.com/5MinWr...real-culprit-behind-high-fuel-prices-in-India
 
S

swathi25

Guest
I do not understand the logic of daily price fluctuations either !

Brahmanyan
Bangalore.

Sir

They call this as Dynamic Fuel Pricing..and this came into effect from June 16, 2017 and here is the article published in The Hindu answering your query.


What does daily revision of petrol, diesel prices a.k.a dynamic fuel pricing mean?

What is dynamic fuel pricing?

State-run fuel retailers — Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum — currently revise rates on the 1st and 16th of every month, based on average international price in the preceding fortnight and the currency exchange rate. In dynamic fuel pricing, retail selling prices of petrol and diesel will be revised daily.

From when does it come into effect?


From 6 a.m. IST on June 16, 2017 the scheme will be implemented across the country. A pilot scheme is in place in five cities — Chandigarh, Jamshedpur, Puducherry, Udaipur and Visakhapatnam — since May 1, 2017.

Why the switch over now?


The move, according to the oil marketing companies (OMCs), will ensure that the benefit of even the smallest change in international oil prices can be passed down the line to the dealers and the consumers. Besides the move is said to remove big leaps in rates that need to be effected at the end of the fortnight. Consumers will be more aligned to market dynamics, state-run OMCs say. And of course, India will be following the practice of the most advanced markets.

Were there any opposition to the move?


Yes. Dealers were unhappy about switching over to the new prices every midnight. They had given a bandh call over the issue seeking change in timing as under the new regime they would have to deploy manpower everyday to change rates at midnight. The government has agreed to their demand and fixed the switchover time at 6 a.m. Besides, the Federation of All India Petroleum Traders, an umbrella body of fuel vendors, is concerned about inventory losses in case of drop in global prices and the move’s impact on dealers’ margins.

What are the hurdles?


Read more at: http://www.thehindu.com/business/Ec...-aka-dynamic-fuel-pricing/article19061261.ece
 
Last edited by a moderator:
S

swathi25

Guest
OK...my point is, its not matters like rising petrol prices that will be decider in 2019, rather it will be the egos of regional party leaders and caste combinations.


It is going to be pre-poll alliances, the numbers, the strategies, the tactics, Wave if any, mistakes of the ruling parties both Centre and State, all Rest of the Parties (Other than NDA Partners) joining together ironing out their inherent contradictions, giving importance to minorities, etc will be the decider mostly.

As far as Indian Citizen is concerned, IMO, they will simply refill the tank and pay for it unminding, whatever the cost of petrol, as they know that they are the scapegoat and have no choice. I think they have better judgement to elect a Government with absolute majority unlike Karnataka where there was a fractured judgement.
 
Last edited by a moderator:
Can there be one political party in India who can commit to sell Petrol at a subsidized price?

Nay!, even if the levies currently loaded to it by the Central and State governments is removed, price will be lesser...

No political party can cry wolf for the price raise.. It is the same rationale followed by all those when in power...
 
S

swathi25

Guest
For citizen, it does not matter as to who is power, but they know that they are at the receiving end.

Of course, Modi knows the pulse of the general public and he still dominates by gaining the support of the public.

EXCLUSIVE SURVEY: Narendra Modi remains most popular PM candidate; 55% want NDA back in 2019 Lok Sabha polls

1527175845-NarendraModi-BCCL.jpg

Times Now opinion survey on Modi government's popularity |Photo Credit: BCCL
------------------------------------------------------------------------------------------------------------
Chrome Data Analytics and Media conducted an exclusive Opinion Survey to gauge the popularity of the Modi government. The #NaMoPopularitySurvey posed eight questions before the respondents to understand the public’s mood on Modi Sarkar’s four years of governance.

New Delhi: The National Democratic Alliance government at the Centre led by Prime Minister Narendra Modi completes four years in office on May 26, entering the final 12 months of its tenure before the 2019 General Elections. Will PM Modi be able to win a re-election in 2019? Is his popularity intact after spending four years in office? How has his government fared in the eyes of the people of India?

Chrome Data Analytics and Media conducted an exclusive Opinion Survey to gauge the popularity of the Modi government. The #NaMoPopularitySurvey posed eight questions before the respondents to understand the public’s mood on Modi Sarkar’s four years of governance.
Read more at:

http://www.timesnownews.com/india/a...cratic-alliance-bharatiya-janata-party/231631
 
Last edited by a moderator:
Status
Not open for further replies.
Top
Thank you for visiting TamilBrahmins.com

You seem to have an Ad Blocker on.

We depend on advertising to keep our content free for you. Please consider whitelisting us in your ad blocker so that we can continue to provide the content you have come here to enjoy.

Alternatively, consider upgrading your account to enjoy an ad-free experience along with numerous other benefits. To upgrade your account, please visit the account upgrades page

You can also donate financially if you can. Please Click Here on how you can do that.

I've Disabled AdBlock    No Thanks