Dear Velu.
You have hit the nail on the head.
N.M.ThyagarajanVery well put. The only solution lies in reducing consumption of petrol and in fact all fossil fuels. much more use of solar energy is inevitable.
Anil kumar Singh
Hi all,
While the effort is laudable, the truth is different.
It is not the oil companies that are looting the public by the sky high petrol prices.
We all know that 54% of the bunk price of petrol and diesel is made up of various central and state taxes.
Customs duty and CVD on imported crude (12%) Excise duty on produced petrol (13%), Educational Cess on ED (2%)
While the effort is laudable, the truth is different.
It is not the oil companies that are looting the public by the sky high petrol prices.
We all know that 54% of the bunk price of petrol and diesel is made up of various central and state taxes.
Customs duty and CVD on imported crude (12%) Excise duty on produced petrol (13%), Educational Cess on ED (2%)
sales tax by the state government (30%)
Actually the oil companies are loosing Rs.3 for every liter of petrol produced and sold.
The avowed reason given by the govts for keeping the taxes high is to curtail consumption so that our import bill for crude,
which at present is touching Rs.one Lakh crore, comes down.
But even with this high price, the consumption of POL is increasing by 15% per year.
Just look at the number of cars, SUVs , bikes sold per year.
The sales figures are mind boggling at 30% year-on-year increase.
(No wonder all the major automobile manufacturers are setting up manufacturing units in India.)
So, coming to point, what will happen if we do not buy petrol for one day?
The sales will drop by say 50% on 14th Feb.
But the most probable thing we would have done is, we would have purchased more petrol on the previous day,
or we will buy extra petrol on the next day, because, we are NOT curtailing our travel distance.
Instead what we should do is pledge to take public transport like bus or train for 4 days in a month.
Try car pooling for going in the same direction.
Share taxis and share autos are great Indian ideas to save money and thereby to save petrol and diesel.
Well, all the best for any effort to reduce consumption.
Love
Thangavelu
Actually the oil companies are loosing Rs.3 for every liter of petrol produced and sold.
The avowed reason given by the govts for keeping the taxes high is to curtail consumption so that our import bill for crude,
which at present is touching Rs.one Lakh crore, comes down.
But even with this high price, the consumption of POL is increasing by 15% per year.
Just look at the number of cars, SUVs , bikes sold per year.
The sales figures are mind boggling at 30% year-on-year increase.
(No wonder all the major automobile manufacturers are setting up manufacturing units in India.)
So, coming to point, what will happen if we do not buy petrol for one day?
The sales will drop by say 50% on 14th Feb.
But the most probable thing we would have done is, we would have purchased more petrol on the previous day,
or we will buy extra petrol on the next day, because, we are NOT curtailing our travel distance.
Instead what we should do is pledge to take public transport like bus or train for 4 days in a month.
Try car pooling for going in the same direction.
Share taxis and share autos are great Indian ideas to save money and thereby to save petrol and diesel.
Well, all the best for any effort to reduce consumption.
Love
Thangavelu
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