Saturday, November 5, 2011

[HumJanenge] Current dissatisfaction with increase in Petrl prices

There is great dissatisfaction with increase in Petrol prices these days. To avoid such problems, I suggest that some RTI activists may enquire from IOC and other pvt sector petrol companies about the total amount of profits earned by them last year, how much of this was from petrol alone, what was the average crude oil price paid by them last year, copy of the claculations done by them to arrive at the selling price of petrol etc. How is it that same petrol prices are fixed by all petrol companies. Do they have a coterie to arrive at such decisions. In other countries, wherever petrol is deregulated, differant petrol companies fix differant selling prices for petrol. Besides, why should all petrol companies not upload their annual accounts for public view. Further, why should govt not have a regulating authority (on the pattern they have for telecommunications to scrutinize their costs and prices and due to which telecommunication costs are now so low) for petroleum products and another one for food for scrutinising their costs and prices.
mksinghal

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