Saturday, May 31, 2008

Petro price hike

The Indian government is considering a hike in the prices of transport fuels to help petroleum marketing companies tide over the burden on account of crude oil topping $135 per barrel in international markets. Is the petro price hike justified?

Virtualscorpio says: I suppose they have no choice. What happens 2 all the crude produced in India?? does it not help balance out the crude we purchase??


Lp53 says: Stop import of oii; crude oil import means too much profit for refineries, petroleum distributors, and transporters. Edible oil import means too little motivation for our coconut, soya and oilseed farmers. Traders don't go and vote anyway... Lp ji adds something more.....
Kya aap baravi class se tez hein? 1. How many litres of each kind of petroleum products are derived from a barrel of crude oil? 2. At $135/bbl Brent Crude, what should be cost of production at refinery excluding customs and excise duties? 3. What is the capex investment to refine a bbl of crude (assuming a blend of crude grades on import market? Let us consider RPL's mega refinery at Jamnagar as anchmark. 4. What should be the ROI in business? 5. What iould be the ROI for distributors from the refinery outlets to the pumps? 6. If administered mechanism is not dismantled and the refineries are not allowed to sell their products to make profits, why should they remain in business? 7. If the distributors don't make a profit, why should they be in business? 8. If private enterprise is killed because all it wants is profits and profit is a diry word, then who will do the business/ Of course, the government, right? 9. If the government runs businesses according to laws that it makes, what prevents it from making laws to balance the books? 10, From does the mbooks come from? Print the notes, may be? 11. Why should I and you pay for inefficient energy use? When market sets the prices, the demand or efficiency will correct, at the break-even price. Why should that not happen? 12. Why are we not clamoring for complete dismantling of administered price regime? 13. WHY?


Niceguy251 says: This need a deep thought. Is it not worth finding out how come it is cheaper in some countries inspite of crude being at same rate for them and oil companies too being same? Do we not need an audit of their working to curb wasteful practices and ensure paucity? Also wasteful use of petro-products. Can we not discipline our countrymen to use vehicles only for necessity and not for show off or just going a little distance? And it goes without saying that we need to definitely put an end to CORRUPTION. It is we and only we the educated lot who can ignite minds of masses to ensure weeding out of corrupt politicians. Are we all willing to take up this much needed crusade?


Savy says: switch to bicycles...best fr health n wealth :D jokes apart....it will always n always go up never down..so no point.It remains to be seen when the govt formulates some policies on vehicular sale also.It is madness.

5 comments:

Anonymous said...

I suppose they have no choice.

What happens 2 all the crude produced in India?? does it not help

balance out the crude we purchase??

Anonymous said...

Stop import of oii; crude oil import means too much profit for refineries, petroleum distributors, and transporters. Edible oil import means too little motivation for our coconut, soya and oilseed farmers.

Traders don't go and vote anyway...

Anonymous said...

This need a deep thought. Is it not worth finding out how come it is cheaper in some countries inspite of crude being at same rate for them and oil companies too being same? Do we not need an audit of their working to curb wasteful practices and ensure paucity? Also wasteful use of petro-products. Can we not discipline our countrymen to use vehicles only for necessity and not for show off or just going a little distance? And it goes without saying that we need to definitely put an end to CORRUPTION. It is we and only we the educated lot who can ignite minds of masses to ensure weeding out of corrupt politicians. Are we all willing to take up this much needed crusade?

Anonymous said...

switch to bicycles...best fr health n wealth :D
jokes apart....it will always n always go up never down..so no point.It remains to be seen when the govt formulates some policies on vehicular sale also.It is madness.

Anonymous said...

Kya aap baravi class se tez hein?
1. How many litres of each kind of petroleum products are derived from a barrel of crude oil?
2. At $135/bbl Brent Crude, what should be cost of production at refinery excluding customs and excise duties?
3. What is the capex investment to refine a bbl of crude (assuming a blend of crude grades on import market? Let us consider RPL's mega refinery at Jamnagar as anchmark.
4. What should be the ROI in business?
5. What iould be the ROI for distributors from the refinery outlets to the pumps?
6. If administered mechanism is not dismantled and the refineries are not allowed to sell their products to make profits, why should they remain in business?
7. If the distributors don't make a profit, why should they be in business?
8. If private enterprise is killed because all it wants is profits and profit is a diry word, then who will do the business/ Of course, the government, right?
9. If the government runs businesses according to laws that it makes, what prevents it from making laws to balance the books?
10, From does the mbooks come from? Print the notes, may be?
11. Why should I and you pay for inefficient energy use? When market sets the prices, the demand or efficiency will correct, at the break-even price. Why should that not happen?
12. Why are we not clamoring for complete dismantling of administered price regime?
13. WHY?