TRADITIONALLY TAXES AND duties on diesel and petrol form a major share of their consumer price. Their consumption is very large and has been increasing steeply over the years. And with the ease of collection, these are easy targets for revenue mobilisation. Petrol, consumed by the better-off sections of the
Privatisation of oil marketing companies – boon or bane
The petroleum ministry’s plan for more privatisation of OMCs seems to be driven more by short term needs of meeting disinvestment targets than to promote competition. Aramco and Abu Dhabi National Oil Company [ADNOC], both national oil companies (NOCs) have shown interest in investing in India. We must find other NOCs
What should be a “RESPONSIBLE” petrol price
As crude oil prices rocketed to $80 per barrel in mid-May and petrol prices reached a historic high of Rs. 78.43 per litre on 29 May in Delhi, the NDA government came under flak. Former Finance Minister P Chidambaram, tweeted that NDA can cut petrol price by Rs. 25 per
