Petition Closed

IT Employees Protest Against Fuel Price Hike in Bangalore

Petrol Price Hike? Why make a fuss?
• The price hike in petrol by Rs 7.50 is the steepest ever hike
• 3 years ago, the prices were just around half of the current prices

How is it going to affect you?
• When fuel price increase, transportation cost (for transporting the essential commodities from the place where they are made to the market) increases, which increases the price of all essential commodities like rice, wheat, pulses and vegetables
• It will also affect the prices of fuel dependent services like public and
private transport
• And effectively when price increases everywhere, it means you have to pay more with your same salary which means a reduction in your real wages

But isn't the Government helpless when the Oil companies are
making losses?
• Indian Oil Companies are making huge profits, which can be easily verified
by looking at their balance sheets
• Oil companies make 'under recoveries', which is not real loss, Greater transparency is needed in Fuel pricing in India
http://www.moneycontrol.com/annual-report/bharatpetroleumcorporation/auditors-report/BPC
http://smartinvestor.business-standard.com/company/audrpt-2305-Hindustan_Petroleum_Corporation_Ltd.htm
http://smartinvestor.business-standard.com/company/audrpt-6068-Oil_Natural_Gas_Corpn_Ltd.htm
• International oil price have come down, this offsets the fall of Rupee's value against the Dollar

What is our Demand?
• Roll back the fuel price rise
• Rationalise the tax composition by bringing down the indirect taxes which burdens the people
• Bring back the regulation of fuel prices

What can you do?
• Register your concern by signing this petition.
• Spread the petition in facebook, diaspora, twitter, online forums.

What can you do?
• Register your concern by signing this petition.
• Spread the petition in facebook, diaspora, twitter, online forums.
• Spread the word amongst friends, colleagues and family.

ITEC Communique - http://www.itecentre.co.in/node/127

This petition was delivered to:
  • Government of India


    ITEC Bangalore started this petition with a single signature, and now has 91 supporters. Start a petition today to change something you care about.