Friday, November 04, 2011



End this cat and mouse game

It is high time we ended the cat and mouse game of increasing the price of petrol and then drawing it back a little bit and again going in for another hike, creating a havoc in the country.

It was a pathetic sight of the Finance Minister on television channels on Friday just parroting that the petrol price is decontrolled, the government has no role.

Prime Minister Dr Manmohan Singh has said more items have to be decontrolled.
Who is against decontrol, if it is done judiciously?

You cannot call it decontrol, when other levies are tagged with the actual prices being levied from the people.

First of all, before imposing decontrol, the government has to ensure fair practices. The performance of the petroleum companies should be vetted in an objective manner.

The Comptroller and Auditor-General should have the accounts and reports audited in an impartial manner. Otherwise, how can the so-called losses be considered true?
All other levies tagged with petroleum products should be detached and the petroleum prices should be considered in an impartial manner.

The stance of the government simply walking off the stage, leaving the mismanaged companies to fix a price is irresponsible.

Let there be transparency in the affairs of the petroleum companies.
You say prices are hiked when there is hike in international prices. Mind you, much of the purchases are done by prospecting, future trade and speculation. How can real prices in the international market be a reason for the consumers?

There should be a hard look into the affairs of the petroleum companies by the judiciary.

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