Petrol prices could hav been Rs. 39, today..... The BJP currently claims to hav reduced prices frm the sky-high Rs. 73 per liter in July 2014 to Rs. 61 as of January 2015 (Delhi rates). However, they tel one part of the story which favours them, in a horrific tale of poor planning and misgovernance. International crude oil prices, which is something that the Modi government has no control over, hav fallen 46% frm January 2014 to January 2015.... In the same time, petrol prices in India hav reduced only 14% whilst even neighbouring ravaged and war-torn Pakistan has reduced prices by 29%. Even more shockingly, the Modi government has increased the excise duty frm Rs. 9.5 to almost Rs. 15.4, a whopping 62.1%.... They’re depending on more and more tax revenue to plug their spending, and not passing on any benefit in crude oil prices to the middle-class consumer. The BJP government has no plans outlined to increase domestic production, tangible steps to increase renewable energy usage, roadmap to increase PSU efficiency, or even a will to strongly enforce contracts like the Reliance KG-D6 basin issue. Is this knee jerk uncontrollable response to global geopolitics another name of good governance? Is having no long-term plans to change the energy production and consumption pattern, something that people voted for? Id love to hear your views...........
Posted on: Wed, 07 Jan 2015 17:54:00 +0000