Discover and read the best of Twitter Threads about #petroldieselpricehike
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First let me explain what oil bonds are. When Crude Oil prices were at $140+ per barrel, to subsidize and control fuel prices in India, the govt instead of cutting taxes issued Oil Bonds to Oil companies which were to be matured or repayed in 5, 7 or 10 years etc
#PetrolPriceHike
#PetrolPriceHike
Hence UPA issued oil bonds worth 1.4 lakh crs outstanding as of2014 to control the fuel prices as crude oil had reached about $140per barrel
Now this wasn’t new.Even NDA1 or Vajpayee also issued Oil bonds btw 1998-2004 which UPA had paid back
All Govt’s make debt which isn’t new
Now this wasn’t new.Even NDA1 or Vajpayee also issued Oil bonds btw 1998-2004 which UPA had paid back
All Govt’s make debt which isn’t new
Now after Modi govt came to power in 2014, the crude oil prices fell to $35 in 2015 and was avg $50 till 2018 and $76 as of date. Also, the Modi govt after coming to power increased Central taxes on petrol and diesel by a whopping 105% on petrol and 331% on Diesel.
#PetrolDieselPriceHike
#ModiFor2019
Why are people not thinking abt the huge savings which have come from prices falling in all other commodities, goods & services. Why part of it couldn't be used to spend extra about rupees thousand per month towards petrol for their Vehicles?
#ModiFor2019
Why are people not thinking abt the huge savings which have come from prices falling in all other commodities, goods & services. Why part of it couldn't be used to spend extra about rupees thousand per month towards petrol for their Vehicles?
Look at the substantial savings that have been done by the population of India, in that time when the global crude oil prices rose through the roof:
Sugar from Rs 45 to Rs 31, that's indeed a fall.
Eat sweets, Not diesel, petrol! Don't just cry foul for the sake of it!
Sugar from Rs 45 to Rs 31, that's indeed a fall.
Eat sweets, Not diesel, petrol! Don't just cry foul for the sake of it!
Dal from Rs 125 to Rs 60, that's indeed a fall.
Eat Dal Thadka, Not diesel, petrol.😂
Onions from Rs 45 to Rs 8, that's indeed a fall.
Eat dosa utthappam, Not diesel,petrol.😂
LED bulbs from Rs 400/- to Rs 60/-, that's indeed a fall ! Brighten up the home without a DG set.👍
Eat Dal Thadka, Not diesel, petrol.😂
Onions from Rs 45 to Rs 8, that's indeed a fall.
Eat dosa utthappam, Not diesel,petrol.😂
LED bulbs from Rs 400/- to Rs 60/-, that's indeed a fall ! Brighten up the home without a DG set.👍
