Share profit from fuel with Public: Congress


New Delhi, Apr 6 (IANS): The Congress has asked the government to share the "profit" of Rs 20 lakh crore earned in last six years from the sale of gas, diesel and petrol with the public as due to pandemic people are suffering the most. Give healing touch by "subventions, injections and subsidies", the Congress said.

Addressing a Press Conference on Monday, senior spokesperson of the party Abhishek Manu Singhvi said, "BJP has to realise that it has to stop this process of solo profiteering. All profits are for them, all pain is for the common man. Instead of stealing touch, they have to understand how to give healing touch, you can give it by subventions, injections, subsidies".

"Can't you part with even 5 per cent of our GDP? USA parted with 10 per cent and around the corner with another 5 per cent, total 15 per cent of their GDP. Our Government cannot pocket this profit, it has to give it back to the farmers for diesel, give subsidies to farmers and migrant workers," said Singhvi.

The party said lives of people are most important, followed by livelihood and It's not a time for profiteering, it's time for the government to do profit sharing. The important figure to be noted is that in March 2014, international oil prices were $108 per barrel & 6 years later on March 30, 2020 it was $23 per barrel, 18-19 year historic low. We all should know that a decrease in oil prices internationally benefits directly the Government of India. Petrol as of today is available at Rs 28 per litre as far as international price is concerned, but it is sold to us at Rs 74 per litre.

"It is important that in the nation's economic grief, the Government has to give monetary relief. It has to be the nation's monetary relief not the government's monetary relief," added Singhvi.

The Congress said that the price of LPG cylinder has risen from Rs 412 in May 2014 to Rs 858 currently. In just the last 6 months, there have been 6 hikes in LPG cylinder price and it is sad that in the middle of Corona month - March, 4 terrible hikes happened.

The party slammed the government for raising fuel prices by Rs 3 per litre on March 14 and on March 24 - finance bill passed sanctioning special duty on petrol, diesel and on the same day on March 24, lockdown was announced but the international crude was at $23 till March 30.

 

  

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Comment on this article

  • R.krishna, Mangalore

    Mon, Apr 06 2020

    Apart from bringing down petroleum prices, how about a little bit of austerity in
    government expenses. The expenses in maintaining bloated embassies and
    consulates abroad, the expenses of lavish foreign trips of ministers and
    bureaucracy, the expenses of 'gangnam style ' living in expansive bungalows
    in Delhi and state capitals can certainly be curbed without affecting efficiency.
    The salary,allowances and perks of ministers, legislators and bureaucrats
    continue to be on the upward trajectory whereas few benefits like petrol subsidy
    and interst rate cushion enjoyed by the hapless pensioners,poor and elderly is
    taken away. On top of all these the government is still seeking contributions
    from the public to fight Covid 19. We may be in for a Covid cess sooner or later.

    DisAgree [1] Agree [16] Reply Report Abuse

  • Sunil K, Mangalore

    Mon, Apr 06 2020

    Yes, please ask MESCOM and other ESCOMs to waive electricity bills of March and April from this windfall. In this critical period, the rich are relatively comfortable, the poor are looked after by the government but the actual taxpayers - the middle class is being ignored.

    MESCOM is demanding payment which is completely beyond logic - actually very heartless.

    DisAgree [3] Agree [20] Reply Report Abuse

  • Rajesh Kumar, Mangalore

    Mon, Apr 06 2020

    Sure 1 usd = 101 INR

    DisAgree [1] Agree [2] Reply Report Abuse

  • Deshbhakht, Mangalore

    Mon, Apr 06 2020

    What parting with the petrol/diesel profit ? The govt has reduced even interest rates.

    In logon ka pet kabhi bhi bharnewaala nahin hai !

    DisAgree [13] Agree [17] Reply Report Abuse


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