Discover and read the best of Twitter Threads about #fuelpricehike

Most recents (3)

To give much-needed relief to farmers as well as the common man and trade & industry, I urge the Union government to bring down Petrol & Diesel prices by taking back the recent #FuelPriceHike. The #Congress govt in Punjab should also take back the hike in State VAT on #Fuel. 1/3 Image
The consecutive hike in fuel prices over the last 16 days is causing a lot of stress to the country’s economy which is still reeling from the effect of lockdown due to #COVID19. This has made petrol dearer by Rs 9.21/ liter & diesel by Rs 8.55 /liter. 2/3
The hike in fuel prices is also affecting the supply chain & is even putting a burden on those providing essential supplies during a time of #pandemic. The withdrawal is also justified keeping in view the unprecedented steep fall in international crude oil prices. 3/3
Read 3 tweets
Deregulation of OMCs is only on paper: Govt backtracks, asks OMCs to absorb Rs. 1 / liter cut in fuel cost
This move will cost OMCs Rs. 7000 crores in their books.Their profits would stands reduced to 32,600 cr (from 39,600cr FY’18) or 17.7% fall in the profits.

This move will cost OMCs Rs. 7000 crores in their books. Their profits would stands reduced to 32,600 crores (from 39,600 crores, FY’18) or 17.7% fall in the profits.

Govt will have lower collection of revenue by 10,500 crores as they cut the duty by 1.50 / liter
Asking OMCs to pay for costs of higher fuel prices is nothing short of bringing back of regulations of managing OMCs.

OMCs are public listed cos and they have other shareholders as well.
Read 7 tweets
@_Revolution18 @SAReserveBank @amaBhungane @OUTASA I asked th racist @OUTASA abt this but they blocked me😂 instead of answering my questions.

OUTASA is the same as @Corruption_SA,@Our_DA, FUL,AfriForum,HSF,FreedomUnderLaw,...their MANDATE isto portray BLACKS as corrupt

@_Revolution18 @SAReserveBank @amaBhungane @OUTASA @Corruption_SA @Our_DA ST GEORGE’S FINE FOODS should offer shares to Black staff members as part of reconciliation.

@_Revolution18 @SAReserveBank @amaBhungane @OUTASA @Corruption_SA @Our_DA WMC & their Black stooges hv taken a resolution to completely privatise South Africa electricity supply.

Eskom to retrench thousands of Black workers.

Who'll benefit frm Eskom destruction?
WMC,SACP,ANC veterans,Ramaphosa,Gordhans

Read 76 tweets

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