Congress Govt: Oil companies are struggling for survival because of the losses

Added by Reporter India on January 18, 2013.
Saved under Society
Tags: Congress Govt, Oil companies, online news, reporter india

Dosto yesterday night we were told by congress govt that Oil companies are struggling for survival because of the losses as diesel subsidy and increasing diesel prices and decentralize of price control has become must to improve the economy of India as well to let companies breath

i just did some Google research on these companies to get the fact and the out come is shocking as given below for our oil companies

i came to know about Taxes also on the companies as well on petrol taken by govt ( as per study 45% of the 70 rs ( 1 liter petrol price ) is given to govt as fuel tax, in spite of this sales tax and income tax is also paid by these companies to govt..so increasing price every time is profit of 1000+ carors to govt

govt says that the money will be used for benefit of AAM aadmi only, but i see real state and construction of bridges and flyovers as well 4 lane o 6 lanes are mostly with private companies which recovers the cost of construction by putting heavy toll on them..we are forced to bear that as well and again they pay income tax to govt…where is the benefit ,even though if they come with some policy for poor people just to attract some votes, how much they are effective and implemented , we also know

Hpcl q4 profit increased by 312% ( http://www.hindustanpetroleum.com/En/ui/PressnMedia.aspx?Id=163 ) in 2011-12

IOC net profit ( 2012) – 9611 caror (http://articles.economictimes.indiatimes.com/2012-11-09/news/35014468_1_net-profit-fuel-subsidy-net-loss )

bpcl net profit 2012- 4053 caror ( 333% increase compare to 2011 )(http://articles.economictimes.indiatimes.com/2012-05-25/news/31852168_1_net-profit-omcs-bpcl)

hpcl net profit 2012- 4630 caror ( 312% increase compare to 2o11 ) ( http://www.marketonmobile.com/news/hpcl-net-profit-rises-31250-in-the-march-2012-quarter/37241.html )

ONGC net profit in 2012- 6078 caror (http://www.moneycontrol.com/news/results/ongc-q1-net-profit-jumps-48-to-rs-6078-cr_743826.html )

Hpcl q4 profit increased by 312% ( http://www.hindustanpetroleum.com/En/ui/PressnMedia.aspx?Id=163 ) in 2011-12tax paid to govt

HPCL – 911 caror ( income tax )
BPCL – sales tax in 2012 – 20954.14 caror ( http://www.infraline.com/Details/Payment-of-Sales-Tax-by-BPCL-in-2011-12-184456.htm )

What govt. think we all are fools.
No we all are not. But we are blind on few immaterial issues and hence they can consider us as fools. they know we all will not try to explore Or we will they will do something and will forgot. Is this will happen this time?
Thank You So much….Mr. Sumit Baheti.

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