The Crude Oil And It’s Price Rise Hoax- A Matter Of “ NECCESITY ” and not some useless Debate




Pic - :: The Real Truth Of Hike In Oil Prices And The Government's " BABBLING " for It . 

The Crude Oil And It’s Price Rise Hoax- A Matter Of “ NECCESITY ” and not some  useless Debate

This has become a national phenomena. The everyday price rise of the petrol,  as well as  the diesel and that of the crude oil in India is sending a wave of anxiety amongst the oil consumers and the oil users. The prices for both the  petrol and the oil has crossed the  three figure mark. This has send the nation on the kneel. Many are finding it very hard to survive and it is true that the household budget is getting tarred and the common man is finding it very hard to survive . This is the talk of the nation. However the real causes if one traces out and reads it well with an open and an analytical mind, one would find that the need of it for doing so is not evil or  bad that could be termed as the deathlike sentences that the Government is doing. Let us study why is that the Government of the day is heel-bound to raise and keep on raising the prices of the oil in the country.

1). The HEART which the U.P.A 2.0  Government showed and did the wrong move-::

It was when the Vajapayee Government left in 2004 the prices of the oil were fixed at Rs 44=00 perlitre, ie the one litre of petrol would cost Rs 44=00 .  When the U.P.A Government took over slowly it started rising and the prices at one stage reached Rs 49=00 per litre. The petrol and it’s price was raised by Rs 5=00  per litre within  a year when it took over.

There was a tremendous hue-and- cry  when it happened. The reason was that the Petrol controlling institution were facing a real LOSS and a huge deficit when it boiled to the trading and the business of oil that it was doing. The WORST  in that matter was  the Bharat Petroleum Corporation Limited which infact was at such an end that it was finding it very hard even to maintain it’s offices at various places in the country. The salaries and other such things also was a cause of concern.


Pic - : The Real Story Of The REAL GREATEST ECONOMIST  Of India Under U.P.A 1.0 & 2.0 

That Government in an order to keep itself afloat and to keep the people especially it’s vote bank intact, took a decision which could be termed as FOOL HARDY , but went ahead with that. The actual reason of the U.P.A 2.0 to continuously do all the HARAKIRI was it had a Finance Minister in P.C. Chidambaram who actually NEVER KNEW what Finance and the money transaction is all about. Frankly speaking – Chidambaram, even now would not know the difference between FLOWING DEBT and  STILLED DEBT. Place a Balance Sheet before him to trace out the flowing debt and the stilled debt, his face and it’s colour will change into tar-black to find it out.

The U.P.A 2.0 also had some very kind of PROFESSIONAL who even after being at the power as Minister’s actually never knew what the country and it’s economy was. Most of them were close proximities to the lady ITALIA who actually is a TILE from that country who really knows nothing about anything except that she is a IN-LAW of that family which infact feels that India is theirs's FATHERS and ANCESTORS property and it is they who have the rights to rule India, and nobody else. Now they have a pair- the “ BEHNA- BHAIYYA ” , the jokers to worth it for. The one’s who were very close to the ruling ITALIA –IN-LAW then  would put their decimitating ideas which would be hand picked and selected by the Lady surpassing Mannu Sahab, for everything and implementing those orders. This actually would put the late Mannu Bhaiiya and the Pranab Dada of the Congress in a tight spot and in fix  then, but they would take it either as a poison served to them to survive or as a pinch of salt to bear. This actually had been the reason for the  people to continuously suffer and go to the rot while the U.P.A 1.0 and the U.P.A 2.0 was in power.

There were some like Mani Shankar Iyer, Salman Haider, and the Uncle from Jammu and Kashmir , ie, Gulam Nabi Azad, and the U.P.A in actuality was a FREEBIE for the eyes to watch the pain all through. This useless team of headless Government then took a decision. In order to keep and freeze the price at one level, they fixed the prices of petrol and the diesel at one level , the  proceed between Rs 50=00 per litre to about Rs 54=00 per litre. However they brought in a change that the entire nation was astonished.

The Radical Change Which Completely Shattered The Oil Economy-::

Public memory is short. Everybody forgets the things and they make the others to forget the things.  The acts are placed in such an manner to the public that the sentiments of the Hindu-Muslims in everything is purposely placed and to add to it the Farmers for no needs are brought into the action. The Farmers actually are now the pawns in the hand of the politicians and they use them in the manner that suits them.


Pic - :: The Real Truth Of The Aftermath At Germany After Once The Oil Price Was Enhanced 

What did the U.P.A-II do. Well they  kept the oil prices freeze at the prices that I have mentioned and they to pool in the money to the Oil Business Company , like the B.P.C.L, the H.P.C.L and the Indian Oil Corporation, floated the BONDS, the Oil Bonds. The bonds actually were of the period of 15 years, 20 years and 24 years.  It was the year 2007 and 2008 for two doffing and different  occasion that these bonds were floated and the response of the common man and the public was tremendous and huge. These bonds were sold like the hot cake. Before that the Government of that time did allow the Coal India Limited and the Maruti to sell their bond so that money in huge could come to the Government . The shares of these companies in the stock market just rose like the PHEONIX rising like anything. However in spite of all that the Sensex even then could not touch the figure of 50,000 points whereas in comparison, this present Government without floating any public bonds have managed to touch the magical figure of 61,000 point  in and for the Sensex and it is another sort of a miracle that the  Nifty  has crossed the 18,000 points. . That and there lies the difference of the brain and head between , for compares  and there lies the mind to think about the same.

The Money To Be Paid To The Bond Holders-::

As compared to the Coal and the Maruti Automobiles, where these two companies are really minting the GOLD in the and in their business,  the Oil Companies simply could not manage themselves. All the pool that they did  to construct to balance the Oil companies by selling the bonds and the share were swallowed by the personnel's who had to be paid their compensation after their retirement. Such was the case of the B.P.C.L that to equalize it’s compensation even after collecting the money from the market by the sale of the B.P.C.L bonds, they had to fall to the Government to ask them to allow the other two Oil Companies, the H.P.C.L and the I.O.L to transfer their money to B.P.C.L so that the compensation and the maintenance of many a head under them could be done. It was allowed and the B.P.C.L now does not exists at all. They somehow managed to pay a large chunk of money to the one’s who needed to be compensated, to the one’s who were forced to take the V.R.S , to pay their taxes to the Government etc..

The Addition Of Reliance Group Dented The Business And Made It To Sink-::

Even after pooling the  money from the market the Government saw that ONE of it’s most important unit, the B.P.C.L was gone. To make amends it invited the Reliance BY FORCE to enter into the Oil Business. Reliance did that with some ulterior intentions and within no time one could see so many a Reliance Petrol Oil filling stations that came in India. Howe fast and in the speed that they came up, and the manner that the lands were  given to them to come up, to plant their oil filling stations in terms of the petrol pump was something unique and unbelievable to see that but we could see that.

Petrol at that point of time was priced at about 55=00 per litre but the Reliance Unit would sell it for about 53=00 rupees per litre. That they did it to swallow the loss to start with but to completely bring the users or the consumers to them in a very fast manner. However this tactics of  Reliance failed. Over it they incurred a heavy loss. Being the business class and entities that they are THEY PULLED OUT OF THE BUSINESS. This dented the Indian Government very hard. Reliance in the short period of their business were supplied the oils at the ratio of 6:4 as compared to the old and far too old existing Dealers.  . The Indian oil outlet would suffer by most of the time and accounts but the Reliance were not given that pains by the Government to suffer. The Government anyway and by any method wanted the Reliance to grow and prosper but they could not. The withdrawal of Reliance again added to the exorbitant and enormous loss to the Government.

Bonds Maturity payment-::

The Oil Bonds which the public had purchased from the different oil units, which has a Fifteen years of maturity would be matured by the coming year 2022. That payment would be in million of crores. That is one factor that the Government is taking now. The B.P.C.L even if it is closed, has many payments to do to the Government before the Government declares it as a completely closed units. The Oil that comes to India and the crudes, comes from the petro-dollars nation as well as from the nation like Ukraine, Russia to name a few. The gasolines and the gas that is needed to run the oil units and some other units at India comes from these countries and nation. The B.P.C.L especially on this account has to make a huge payment . The Government now has to bear this.

Over it comes the OVERHEADS and the ADMINISTRATIVE Cost of the Oil units, like the H.P.C.L and the I.O.L . This too needs to be paid by the two units through the Government of India. This cannot be overruled. India has to pay it.

The Subsidy And The Free Gas Cylinders-::

In the course of the N.D.A 2.0, first, it was the subsidy given to each and every individual by the Modi Government on the cooking gas, and then it was the supply of FREE cylinders and the cooking gas connection to the most poorest of the poorest in the entire country.

The free Housing scheme of the Government too did add to the costing of the nation.  That was infact the most populist scheme that the Government gave it to the  impoverish. It is a huge amount that the Government as a priority and as a necessity gave it to them who needed it the most. Obviously that money too needs to be taken back by the Government.

The Other Schemes and the Important Needs To Build The Country-::

 This Government ever since it has come, it had laid tremendous importance to ROADS and the INFA-STRUCTURE. Now added are the pressure on the nation to ward off the threat that looms from China, and Pakistan and the newly formed TALISBAN.

The addition of the RAFAEL has put the Pakistani’s to the holes and the pits and even China now thinks many a times before it plans to fire on India. Is the RAFAEL enough- YES to about 50% to say but the remains of the FIFTY percent is still needed by us to fulfil it and make this country very safe. For that the S-400 is needed and  I DO NOT KNOW WHY THE GOVERNMENT OF THE DAY IS KEEPING MUMM ON S-400 in any way. THAT IS THE UTMOST NEED OF THE HOUR.

The RAFAEL and it’s Squadron ought to be increased and also the parallel plane similar to Rafael ought to be included in the armoury. There is a similar plane just like Rafael that U.S.A produces and manufactures, that also ought to be added as a VARIETY to the ARMS of the Indian Air Force to perplex the enemy while striking. As said many more arms of the most sophisticated nature ought to be provided to the B.S.F, the I.T.B.P and the C.R.P.F as well as the the Army in terms of the tanks as well as the air striking elements to the I.A.F. Access ought to be  made by constructing HIGHWAYS, bettering them in many a ways and manner,  and construction of the ARMOURS to provide it to the defence and also the civilians so that their life also becomes easy.

The Attack Of Covid-19 ::

The gruesome epidemic and the attack on the nation by the Covid-19 has completely crushed the wagon that moved the economy. Every industry works at about 40% of it’s capacity. This had hit the Indian Government in terms of the revenues that it collected as tax from the various organization. The small and the medium scale industry and the infra-structure in terms of the the industry as well as the one’s which would  fetch the bread and the butter to the micro-scopic labours engaged in that industry has come to a grinding halt. The entire Indian economy and the industry is reviving and the Sensex and the Nifty shows it by bounds but those are the high-end-  players of the field .The private organisations and the  private Banks are really doing a GREAT job but the Indian and the Government Industries are finding it very hard to cope up though they are doing their best to come up.

The Government since February 2020 when the Covid-19 hit hard is paying for the rations, for the oils and the medicines etc from it’s pocket to keep the people alive. This runs into millions of crores of rupee per day.

WHERE WOULD THE MONEY COME FROM

Obviuously IT IS THE PETROL the LIQUID GOLD.

Need And Observation As A Counter Check By The Government-::

For how long can the Government continue to do this and these.  This is the million dollar question. Now has come the time for the Government to FREEZE the increase of the price or the price rise and then to start rolling it back to about 85=00 per litre for petrol and to about the price of diesel so that the automobile industry survives.


Pic - :: The Structure Of Retail Petrol Pricing As On April 2011the time when Oil Prices went awkward

The roll back of the petrol, to ice it   to about Rs 85=00 per litres will bring the inflation back to about 6% and this will help the common man to survive as the Bank interest rates too are within the limit to 5% to 6% . This will equalize the common man to breathe and live in peace. The costings and the black hoarding and the marketing will have to be strictly checked by the Government because in India the costs once enhanced does not falls down as the marketers and the  hoarders do not allow the things to happen.

THIS IS ONE REASON THAT THE B.J.P KEPT ON LOSING THE TWO CONSECUTIVE DELHI ELECTIONS. This needs to be scrupulously checked in every manner.

The Government just now from this end cannot take the cognizance to feel that the HEAT is not been felt by the common man who is dying every moment to live and breathe  free. A security check is what has occurred at this critical stage of the Indian economy as well as the Indian Governance and the Government just cannot hide it’s skin under the bark of WOLF to pretend as a RABBIT.

The situation is such that the common man can breathe with difficulty till the mid if 2023 but from there the prices of the petrol and the diesel ought to be rolled back in a phased manner so that by June 2023 the prices of the petrol stands at NOT MORE THAN Rs 85=00 per litres.

Can Not The State Government Reduce Certain taxes To Lower The Price-:: 

If it is the Centre who has to take the flak from the public  for the price rise of the oils and the crude oils, as well as the gas which is required for cooking, it is the State Government as well which also rakes in quite a moolah from the diesel and petrol taxes.  Simply they make and mint the money from the diesel and petrol but when it comes to throw the gauntlets and the spanners, they beery and very  cleverly put it to the Centre and save their skin.


Pic - :: The Taxes That Are Levied On the Crude Oil, Petrol and Diesel by various Countrie

If the State Government in India, the various State Governments , if they cut off many a taxes in parts which are of miniculistic nature, the price could be reduced to some extent or maybe to a large extent and the benefit could be passed onto the consumer as well as the customer. But never does the State Government does it. It simply puts all the blame on the Centre for the same and saves itself from the wrath of the general public.

The bar chart above showed the percentage of the taxes that accrues from petro; and which is collected by the Head of the Country or by the respective Government of that country. This should give an idea about how the game is played here at India when it boils down to about the petrol, the diesel and it's prices/price. The comparitive chart clearly shows India in the better light as compared top Italy, France and Germany. 

This is what actually it is. Simply raking the matter at the national TV to make a T.R.P of the same and to castigate the Government to crush the people and it’s hope against the Government is NOT the element that is required to be heard or to see those on the TV. The B.J.P haters from the world of TV, whenever it observes that the Government creates a kind of an impossible, it cleanly brings those subject to hack and whack  the ruling Government only to create a ripple and a stir for the public to hate the ruling Government. This they are doing from 2014 but are not meeting with any success. 

Words Of Caution- ::

If India has to RISE from the debacles and the aftermath of the Covid - 19, it has to sell the oil's at the prices and FREEZE it's price now for atleast  upto  the period of May-June 2023.

Whatever India needs to do , built and procure be it anything for the safety and solidity of the nation, it has to complete it by the period May-June 2023 and it then has to roll back the prices in an manner that should not pinch the pocket of the Government.

This nation and it's people can with a hardship maintain themselves to that a period alas and as suggested, but from them they would be strangulated by every mean and if the Government  does not understand this, the people will NEVER understand the Government after that.

The prices of the oil's will have to be brought down to Rs 85=00 per litres from May-June 2023. This is a calculation by me done after taking the TREND ANALYSIS,  Co-Relation Analysis and the Factor Analysis.  This is what the clear picture that it stands.

The Government now cannot afford to raise the price of the oil's anymore .THIA IS A BELL THAT SOUNDS THE ALARMS FOR THE DEATH TO FOLLOW. This is a SIGNAL to this Government. 

That is it 

Regards and Thanks

Pics



Shyamal Bhattacharjee 

Mr Shyamal Bhattacharjee, the author was born at West Chirimiri Colliery at District Surguja, Chattisgarh on July 6th 1959 He received his early education at Carmel Convent School Bishrampur and later at Christ Church Boys' Higher Secondary School at Jabalpur. He later joined Hislop College at Nagpur and completed his graduation in Science and he also added a degree in  B A thereafter. He joined the HITAVADA, a leading dailies of Central India at Nagpur as a      Sub-Editor ( Sports ) but gave up to complete his MBA in 1984 He thereafter added a Diploma In Export Management. He has authored THREE books namely Notable Quotes and Noble Thought published by Pustak Mahal in 2001 Indian Cricket : Faces That Changed It  published by Manas Publications in 2009 and Essential Of Office Management published by NBCA, Kolkatta  in 2012. He has a experience of about 35 years in Marketing .






Signature Of Shyamal Bhattacharjee 

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