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🚨 HUGE MOVE BY MODI GOVT The Centre has COMPLETELY WAIVED central excise duty on ethanol-blended fuel containing over 20% ethanol 🔥 — If the benefit is passed on, E30 fuel could theoretically be about ₹11.90/litre CHEAPER than regular petrol 🤯

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The Analyzer (News Updates🗞️)

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193,044 Aufrufe • vor 23 Tagen •via X (Twitter)

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🚨🚨The govt’s move to reduce excise duty on petrol and diesel will NOT reduce the price of fuel for you. Wait for elections to get over! ▪️It has NOT been done to benefit the consumer ▪️It has been done to cushion the oil marketing companies like IOC, HPCL & BPCL ▪️Amidst rising global oil prices and supply disruptions the under recoveries of oil marketing companies were rising and margins were under pressure ▪️The govt has decided to take a hit on its own exchequer to maintain financial health of OMCs ▪️In the last 12 years the Modi govt has raised excise duty on petrol and diesel 14 times, and mostly under special and additional category and cess which is not shared with the states ▪️These repeated excise duty hikes boosted central government revenue from petroleum products to by Rs 39,000,000,000,000 (Rs 39 lakh crore) ▪️Excise duties under UPA Diesel: Rs 3.56/ litre Petrol: Rs 9.48/ litre ▪️Under Modi govt peak excise duty Diesel: Rs 31.83/ litre, ⬆️ 800% Petrol: Rs 32.98/ litre, ⬆️250% ▪️The govt did NOT pass benefits to consumers even when price of global crude came down significantly, it instead filled its own exchequer. ▪️This move to cushion the oil marketing companies is similar to oil bonds that the BJP so vehemently criticises 👉This revenue sacrifice via excise cuts is being done to shield OMCs and prevent sharp spike in prices - exactly what oil bonds did! 👉One will have to see what the govt dos when elections are over in the 5 states. Knowing their track record bare up for higher prices
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🚨🚨The govt’s move to reduce excise duty on petrol and diesel will NOT reduce the price of fuel for you. Wait for elections to get over! ▪️It has NOT been done to benefit the consumer ▪️It has been done to cushion the oil marketing companies like IOC, HPCL & BPCL ▪️Amidst rising global oil prices and supply disruptions the under recoveries of oil marketing companies were rising and margins were under pressure ▪️The govt has decided to take a hit on its own exchequer to maintain financial health of OMCs ▪️In the last 12 years the Modi govt has raised excise duty on petrol and diesel 14 times, and mostly under special and additional category and cess which is not shared with the states ▪️These repeated excise duty hikes boosted central government revenue from petroleum products to by Rs 39,000,000,000,000 (Rs 39 lakh crore) ▪️Excise duties under UPA Diesel: Rs 3.56/ litre Petrol: Rs 9.48/ litre ▪️Under Modi govt peak excise duty Diesel: Rs 31.83/ litre, ⬆️ 800% Petrol: Rs 32.98/ litre, ⬆️250% ▪️The govt did NOT pass benefits to consumers even when price of global crude came down significantly, it instead filled its own exchequer. ▪️This move to cushion the oil marketing companies is similar to oil bonds that the BJP so vehemently criticises 👉This revenue sacrifice via excise cuts is being done to shield OMCs and prevent sharp spike in prices - exactly what oil bonds did! 👉One will have to see what the govt dos when elections are over in the 5 states. Knowing their track record bare up for higher prices

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37,964 Aufrufe • vor 3 Monaten

Fuel for Corruption: How the Modi Govt's Ethanol Policy Benefits the Few
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Fuel for Corruption: How the Modi Govt's Ethanol Policy Benefits the Few

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Found this video on Instagram that explains the potential damage caused by ethanol blended petrol, from a chemical perspective.
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Found this video on Instagram that explains the potential damage caused by ethanol blended petrol, from a chemical perspective.

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14,900 Aufrufe • vor 19 Tagen

📢 Indian Oil Marketing Companies are incurring a massive LOSS of ₹30,000 crore every month 🤯 Just because Modi Govt is NOT PASSING on the fuel price hike to consumers. - Loss: ₹18 per litre on Petrol & ₹25 per litre on Diesel - Daily loss: ₹700–1,000 crore Even after SLASHING excise duty by ₹10/litre each, under-recoveries are still enormous. While countries from Japan to UK have hiked fuel prices by up to 30% since the West Asia conflict, India's prices are at two-year-old levels💥 This is the real cost of putting Aam Aadmi FIRST.
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📢 Indian Oil Marketing Companies are incurring a massive LOSS of ₹30,000 crore every month 🤯 Just because Modi Govt is NOT PASSING on the fuel price hike to consumers. - Loss: ₹18 per litre on Petrol & ₹25 per litre on Diesel - Daily loss: ₹700–1,000 crore Even after SLASHING excise duty by ₹10/litre each, under-recoveries are still enormous. While countries from Japan to UK have hiked fuel prices by up to 30% since the West Asia conflict, India's prices are at two-year-old levels💥 This is the real cost of putting Aam Aadmi FIRST.

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NO CUSTOMERS FOR E85 FUEL ⛽ Petroleum Minister launched E85 fuel at this petrol pump on June 5. Until June 9, no vehicle had come to fill up, cause very few vehicles today can handle E85 Fuel Ethanol E20 | E30 | E100 = AMRIT KAAL
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NO CUSTOMERS FOR E85 FUEL ⛽ Petroleum Minister launched E85 fuel at this petrol pump on June 5. Until June 9, no vehicle had come to fill up, cause very few vehicles today can handle E85 Fuel Ethanol E20 | E30 | E100 = AMRIT KAAL

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#BREAKING Anthony Albanese is asked in Parliament whether he’ll drop the fuel excise given petrol has hit $3 a litre. He did everything but answer the question which suggests the fuel excise is here to stay. Albo just doesn’t care.
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#BREAKING Anthony Albanese is asked in Parliament whether he’ll drop the fuel excise given petrol has hit $3 a litre. He did everything but answer the question which suggests the fuel excise is here to stay. Albo just doesn’t care.

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100,960 Aufrufe • vor 3 Monaten