India Current Affairs Article.
Diesel prices increased by Rs 3 a litre; LPG Rs 50 a cylinder; Kerosene Rs 2 a litre.
26 June, 2011.
Comment.
PSRemeshChandra says:
Betrayal behind the rise of Indian petrol prices.
No oil companies in India have ever declared before their share holders that they are suffering a loss or are bankrupt. The share prices of Hindustan Petroleum, Bharat Petroleum and Indian Oil Corporation, after this price hike, immediately rose by 8-6 percent. From the soaring prices of their shares it is as clear as water that they are all making unbelievably huge profits. What is not as clear as water is how many Indian politicians, parliamentarians, bureaucrats and their families are share holders in these oil companies or are their beneficiaries in one way or another. After reading this the politicians, parliamentarians, bureaucrats and their families needn't be infuriated. Being any of them now doesn't necessarily mean they are corruption less and clean in soul. Being recipients of public money as salaries and allowances, they are never beyond questioning. Moreover, everyone in the world knows that a few politicians, parliament members, cabinet ministers, bureaucrats and their family members are lying now in Jail for corruption. So the theory is that a Caesar's wife should be above suspicion. If not, and is intolerant, immediately resign and be one among the public. An average Indian middle class family now spends more than 3000 rupees more on account of petrol price rise which amount straight goes to the share holders and spendthrift officials of the petroleum companies. If I am robbed of 3000 rupees per month, I will speak publicly and air my opinions. That is the principle of Indian democracy. But the thieves will certainly wish to be spoken not about.
It was the long-cherished dream of oil companies that Government should withdraw itself from being the controller of the price of petrol, diesel and gas and now their wish has been granted. What the people of India want to know is how much money was involved in this scam. Without money, no politician in India is going to assent to a decision to withdraw from the supreme power and position to decide at what prices petrol and gas are to be sold in this country. When it is going to be revealed, it is certainly going to be the greatest scam in the world, after the 2G Spectrum deal. The Indians are no more interested in the selling price of petrol or gas but are eagerly waiting for the amount involved to be revealed, which sure will be.