Petrol price hike can't wait any longer: OMCs

April 18, 2012

petrol

New Delhi, April 18: Fed up with the Centre's “indecision” on allowing an increase in fuel prices in the face of the rising international crude prices, the oil marketing companies on Tuesday virtually threatened to increase petrol prices by Rs. 8.04 a litre, asking the government to either cut excise duty on petrol and give them Rs. 49 crore a day in compensation.

In a joint representation, the oil marketing companies asked the government to bring petrol back under the regulated regime.

Petrol prices were deregulated in June 2010. With a 20 per cent value-added tax, the price of petrol, if an increase is effected, will go up by Rs. 9.60 in New Delhi.

“We have been very patient, not raising prices since December despite our cost of production spiralling. But there is a limit to which we can borrow money and produce fuel for the country,” Indian Oil Corporation (IOC) Chairman R. S. Butola said here. IOC issued a formal statement, pointing to the anomalies in the subsidy mechanism and highlighting related issues.

IOC, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited are losing Rs. 49 crore a day on petrol sales alone. They are losing another Rs. 573 crore a day on the sale below cost of diesel, domestic LPG and kerosene.

Mr. Butola said the oil marketing companies lost Rs. 745 crore in the first 15 days of April in revenue from petrol sale. “We have suggested that the government temporarily end deregulation and give subsidy to make up for the difference between the cost of production and the sale price. Alternatively, the government can cut the excise duty of Rs. 14.78 it collects when a consumer buys one litre of petrol.”

The States levied VAT or sales tax, ranging from 15 to 33 per cent (Rs. 10.30- Rs. 18.74 a litre), and this too could be cut to avoid a price increase. “If our suggestions are not accepted, we will have no option but to increase the price of petrol by Rs. 8.04 a litre (excluding the State levies) with immediate effect,” the IOC statement said. The last revision of petrol price was effected on December 1, 2011. Then, IOC cut the price by Rs. 0.65 a litre on top of an earlier reduction of Rs.1.85 on November 16 that year.

“The international petrol prices have since gone up progressively and stand at $132.45 a barrel in the current pricing period. This is much higher than the price of $109.03 a barrel at which IOC and other oil marketing companies are selling petrol,” the statement said. The company's inability to effect the hike between December 16, 2011 and March 31, 2012 resulted in Rs.1,036 crores of under-recoveries for IOC alone, and Rs. 2,287 crore for all companies.

The statement said IOC and other companies approached the government several times for revising petrol prices, suggesting that motor spirit be brought within the ambit of controlled products temporarily, or statutory levies on it lowered to the extent of loss being suffered by the companies owing to their inability to pass on the increase in prices to consumers.

“The current situation is not sustainable and therefore cannot continue. The continuation of such [a] pricing [formula] will only impede the ability of the company to import crude oil and may affect the supply-demand balance. The company is awaiting the government's response to its requests; should no relief come, it will have no option but to effect the aforesaid increase in motor spirit prices,” the statement said.

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News Network
July 21,2020

New Delhi, Jul 21: The Centre has written to all states and union territories warning against the use of N-95 masks with valved respirator by people, saying these don't prevent the virus from spreading out and are "detrimental" to the measures adopted for its containment.

The Director-General of Health Services in the Ministry of Health, in a letter to the Principal Secretaries of health and medical education of states, said it has been observed that there is "inappropriate use" of N-95 masks, particularly those with valved respirator, by the public other than designated health workers.

The DGHS referred to the advisory on the use of homemade protective cover for face and mouth available on the website of the Ministry of Health.

"It is to bring to your knowledge that the use of valved respirator N-95 masks is detrimental to the measures adopted for preventing the spread of coronavirus as it does not prevent the virus from escaping out of the mask. In view of the above, I request you to instruct all concerned to follow the use of face/mouth cover and prevent inappropriate use of N-95 masks," DGHS Rajiv Garg said in the letter.

The government had in April issued an advisory on the use of homemade protective cover for face and mouth, asking people to wear it, particularly when they step out of their residences.

The advisory stressed such face covers must be washed and cleaned each day, as instructed and states that any used cotton cloth can be used to make this face cover. 

The colour of the fabric does not matter but one must ensure that the fabric is washed well in boiling water for five minutes and dried well before making the face cover. Adding salt to this water is recommended, it said.

It also listed the procedures of making such homemade masks, asking to ensure it fits the face well and there are no gaps on the sides.

It urges people to wash hands thoroughly before wearing the face cover,  switching to another fresh one as the face cover becomes damp or humid, and never reusing it after single use without cleaning it. 

"Never share the face cover with anyone. Every member in a family should have separate face cover," the advisory stated.

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News Network
July 12,2020

Hyderabad, Jul 12: Hyderabad MP and All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi on Saturday condemned the demolition of a mosque and a temple inside the Secretariat building. He demanded the arrest of the contractor for demolition.
"During the process of demolition of the Secretariat building in Telangana, the mosque and temple were also demolished. The contractor must be booked and should be arrested. The public should know that we condemn this," he said while speaking to news agency.
Pointing out that his party MLAs Akbaruddin Owaisi and Moazam Khan have urged the state Assembly to look into the matter, he added, "We are not against the building of a new Secretariat, but what we asked for is not to destroy these structures during the process."
He welcomed the Chief Minister's announcement regarding the rebuilding of these structures.
"We expect the mosque to be built in the exact same place where it once stood. We expect the Chief Minister to speak to the representatives and meet our expectations and emotions about the mosque," he added.

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News Network
July 18,2020

Ayodhya, Jul 18: The Shri Ram Janmabhoomi Teertha Kshetra Trust has invited Prime Minister Narendra Modi to lay the foundation stone of a grand Ram Temple in Ayodhya either on August 3 or 5, both auspicious dates, said a spokesperson.

PM Modi had announced the formation of the Shri Ram Janmabhoomi Teertha Kshetra Trust on February 5.

Mahant Kamal Nayan Das, the spokesperson of Ram Mandir Trust president Nritya Gopal Das said, "We have suggested two auspicious dates -- August 3 and 5 -- for the prime minister's visit based on calculations of movements of stars and planets."

After a protracted legal tussle, the Supreme Court had on November 9 last year paved the way for the construction of a Ram Temple by a Trust at the disputed site in Ayodhya and directed the Centre to allot an alternative 5-acre plot to the Sunni Waqf Board for building a new mosque at a "prominent" place in the holy town in Uttar Pradesh.

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