Deregulation,OMCs,Under-recoveries and Favours To The MNCs and Private Players By MM Singh.

          In Cost-based pricing of petroleum fuels,which is the correct method,and which was followed till the 1990s,INDIVIDUAL ones' prices, cannot be raised.But, the LIES Under-recoveries, are a trick to raise the prices of individual fuels,thus cheating Indians. 
         MM Singh wants to "deregulate",especially,as regards the proposed,National Manufacturing Policy,prices Diesel and other Petroleum products,so that the MNCs and Private players can profit.An excerpt from the above link:-
"That really brings us to the crux of the matter as regards under recoveries. The under recoveries of the OMCs do not mean much as long as they are covered by the tax revenue of the oil sector only when private sector players are absent from the scenario. As soon as private sector players enter the picture, the under recoveries of OMCs become a proxy for the losses of private sector players. Since the private sector wants to enter the oil sector and earn windfalls, it highlights the under recoveries and policy analysts endeavor to show it as a burden and the mainstream media faithfully relays that concern. The way to remove the under recoveries, i.e., the way to ensure a positive and high rate of profit for private capital in the oil sector is to do away with cause of under recoveries: government control over petroleum product prices. Hence, the recommendations of various “experts” is to liberalize oil prices, and the GOI, by accepting and implementing that recommendation is working to ensure high and positive rates of profit for private capital in the oil sector.

Let us end with an example that you can chew. From Petroleum Minister Murli Deora’s answer to the Lok Sabha we know that the pre-tax price of petrol was about 23.44 rupees per liter in July 2009; if Reliance or Essar sold petrol in Delhi in July 2009, this is roughly the after-tax revenue it would make on each liter of petrol. What would be an estimate of the cost that Reliance or Essar would bear for a liter of petrol? In July 2009, the average international (FOB) price of crude oil was, as we have already noted, 64.618 USD per barrel, which translates into 19.87 rupees per liter.. Thus, if Reliance or Essar imported crude for their refineries, they would pay about 19.87 rupees for each liter.

What mark-up over processing and marketing cost would they want? The average international pre-tax price of gasoline in July 2009 was about 2.33 USD per gallon; since the international price of crude oil was 1.538 USD per gallon, this implies a mark-up over processing and marketing cost of 1.515 (= 2.33/1.538). Thus, for an international oil company, the price of petrol (gasoline) was set at about 152 per cent of the cost (of crude oil). It seems reasonable to assume that Indian capital would also like a similar, if not higher, mark-up over cost. Thus, in July 2009 Reliance or Essar or Shell would have liked to be able to set a pre-tax retail price that was 152 percent of the cost of crude oil. So, what pre-tax price of petrol in India would have been required to ensure an internationally competitive mark-up over processing and marketing cost? The answer is 30.20 rupees per liter (= 19.87 * 1.52).

Now things are clear. According to the Petroleum Minister, the pre-tax price of petrol in Delhi was only 23.44 rupees per liter in July 2009; that meant, using an international rate of return benchmark, a 6.75 rupees per liter less profit for a private sector player like Reliance. That, it is clear, was enough to create a hullabaloo about under recoveries and fiscal burden and the efficiency of the market and push the government to set up the Kirit Parikh Committee and decontrol petrol and diesel prices. Profit, you see, is what this whole fuss is about."

The only MNC,in petroleum products marketing,is Shell,a reported, Rothschild firm,which started operations in Hazira as soon as MM Singh was lucky to land in the post of India' top job,the prime Minister,in 2004.
  Now let us see,if India's OMCs are making profits or "losses".THIS link provides data regarding Crude oil refining in general.

Based on prices,from THIS link,the profit is about Rs 2001.37/= per barrel of crude refined,as on 20/2/2013..
     30% of the Crude is obtained at a cheaper price locally.This is ignored in the calculations for a higher margin of safety.
Price of Indian Crude basket for 19th February,2013,is, $ 113.65;At Rs 54.29 V Dollar,the price is = Rs 6170.06/=.
lpg = 225    [Only subsidized at Rs 438.5 per 14.2 Kg,considered]
petrol = 5233
fuel  oils = 677
diesel  = 1811
atf       =  941
[Others 27.6 Litres] ignored.
Revenue = Rs 8887/=

      As per THIS link crude oil alone amounts to 90% of the total production Cost.,which works out to be,Rs 6855.62, and the Profit is = Rs 2001.37/barrel of crude,refined.
     Even after,27.6 LITRES OR 16% OF THE CRUDE,BEING IGNORED!And 30% Crude is obtained from Indian Sources at cheaper prices[ONGC,Oil India,cairn].
       Hence,one finds that there is NO LOSS at all!The OMCs are profitable.
     Hence the claim of LOSSES by the OMCs is a LIE.
    The claim of under-recoveries,which is HYPOTHETICAL,and NOT the REAL LOSSES, is another LIE,as:-
i.Refining of Crude Oil and hence the production of petroleum products is DONE in India.
ii.Hence the pricing of the products SHOULD BE BASED ON TOTAL REFINING COST AND SHOULD BE IN RUPEES.
iii.But,the pricing is in, US Dollars using International Benchmark,.which is UNETHICAL.
iv.  Landed Cost is MISUSED, for pricing petroleum products which is also UNETHICAL.

     Minister of Petroleum And Natural gas,S.Jaipal Reddy's reply in Rajya Sabha on 2/8/2011,is used for the following tables:-

Loss of OMCs without Government Assistance & Upstream Discount

(Rs. Crore)

	2008-09	2009-10	2010-11
Combined Profit After Tax (PAT) of OMCs	4,261	13,060	10,531
Provision for Taxation	1,784	5,537	3,323
Profit before Tax	6,045	18,597	13,854
Less : Compensation received
Budgetary support	71,292	26,000	41,000
Upstream assistance	32,000	14,430	30,297
Total Compensation	1,03,292	40,430	71,297
Combined loss of OMCs without compensation	- 97,247	-21,833	-57,443

Diesel price as on 01.08.2011

(Rs. per litre)

Price paid to refinery @ Trade Parity	37.46
Inland Freight	+ 0.69
Marketing Cost and Margin	+ 1.39
Excise Duty (including cess etc.)	+ 2.06
Total Desired Price before VAT and Dealer Commission	= 41.60
Less: Under recovery	(-) 6.06
Price Charged to Customer - Depot Price	= 35.54
Dealer Commission	+ 0.91
VAT (Including VAT on dealer commission.) *	+ 4.84
Retail Selling Price	= 41.29

                  *VAT as per Delhi.  It ranges from 26 % to 9.08 % from State to State

As informed by the Indian Oil Corporation Limited the build up of the current retail selling price of Petrol at Delhi is as under:

Petrol price as on 01.08.2011

(Rs. per litre)

Price paid to refinery @ Trade Parity	35.39
Inland Freight	+ 0.65
Marketing Cost and Margin	+ 1.47
Excise Duty (including cess etc.)	+14.78
Total price after Excise duty	= 52.29
Less: Under-recovery absorbed by OMCs	(-) 00.71
Price Charged to Customer - Depot Price	= 51.58
Dealer Commission	+ 1.50
Value added Tax (Including VAT on dealer commission.) *	+ 10.62
Retail Selling Price * *	= 63.70

*    VAT as per Delhi.  It varies from 33 %  to 15 % from State to State

** Petrol Price is decontrolled with effect from 26^th June, 2010. The price break up is as per IOC.
     
     Ethanol Blending also increases the profit margins,[about Rs 1410 Crores per annum], of the OMCs in the case of petrol.

MORE on Ethanol Blending.The following Table is from the link above.

  The OMCs have to be Audited by The CAG.
HERE is a link regarding a PIL against the so-called "under-recoveries".The full materail in this link:-
"

Under recovery of oil cos challenged at Kerala high court

Mahir Haneef, TNN Oct 6, 2011, 01.23PM IST

KOCHI: The under recovery concept, which is so often cited by petroleum companies in the public domain as the reason for hiking fuel prices in the country, is under challenge at the Kerala high court through a petition filed by former ember of Parliament PC Thomas.

While political organizations here are calling for reducing taxes, PC Thomas is attacking the concept of under recovery itself, challenging that levying rates by comparing with international prices while refining is done within the country amounts to duping the public.

Prices of petroleum products are fixed by adopting Import Parity Price. The logic behind the said calculation is that had there not been any oil refining companies in the country, all petroleum products should have been imported from foreign countries. Therefore, the citizens are liable to pay for petroleum products at the import rate.

PC Thomas, who appeared at the High Court in person challenging the oil price policy, states that the central government is conveniently concealing the fact that oil production in the country is 30 per cent higher than the actual need and 25 per cent of the actual need of crude oil is extracted domestically.

Moreover, India doesn't import petroleum products but only crude oil, which is refined in refineries domestically at a much lower rate than the global rate. However, the oil companies are charging Import Parity Price for petroleum products, not of crude oil, which is unethical and is an irrational pricing method, PC Thomas contends.

The former MP is calling for a roll back from deregulation of petrol price and impose control over the same so that oil companies cannot increase the price arbitrarily. He is also seeking a court order to roll back from charging International Parity Price for petroleum products."

URGENT RECOMMENDATION TO THE GOI:-

1.Oil PSUs are making huge profits,namely,Rs 2001.37/bbl Crude oil,refined.As many of them are OLD, Depreciation will be very much less and almost NIL.
      30% of the Crude,is obtained by the OMCs at subsidized rates from Indian Oil Cos[ONGC,Oil India,Cairn].

2.Ethanol Blending with petrol increases the profit of the OMCs by Rs 1410 CRORES per annum.

3.CAG should Audit the OMCs.

4.A regulator is required and DEREGULATION and price raises have to be rolled back.

          Deregulation is like,doing away with the Police and Judiciary,and appointing THE THIEF as the Judge, claiming that Crime rates will be down!Enron is an example of deregulation.

i.Refining of Crude Oil and hence the production of petroleum products is DONE in India.

ii.Hence the pricing of the products SHOULD BE BASED ON TOTAL REFINING COST AND SHOULD BE IN RUPEES.

iii.But,the pricing is in, US Dollars using International Benchmark,.which is UNETHICAL.

iv.  Landed Cost is MISUSED, for pricing petroleum products which is also UNETHICAL.

5,Reportedly,the Petroleum Sector contributes immensely to the National Exchequer and the State Coffers.
6.Private players like Mittal have joined HPCL and many others are doing the same.How come,if the Refining is a losing business?
        This further confirms that the Petroleum Sector lays Golden Eggs..........contrary to the claims of the OMCs and the GOI.
7.Under-recovery started ONLY in 2004 and is reported to be mainly,to enable, THE MNC and private players to make profits. 

8.The FAIR PRICE of Crude oil ,is less by about $23.Saudi Oil Minister,Naimi,has claimed in May,2012,that the FAIR PRICE of Crude is ONLY $100 per barrel!He blamed speculation for the high price.Hence Speculation by the Wall Street Bankers have to be stopped.GOI will have to take this up with WTO,or other appropriate International body.The Global Crude Oil Scam,is worth $ 2.5 Trillion,in 2009,as per THIS link.
       Derivatives should be BANNED,for fairness in cost of Commodities etc.
9.When Crude prices increase,IMPORTS have to be decreased.This will make demand less and make the price fall.It does  not make good business sense to buy Crude,even if the price is too high.

10.Various methods of buying Crude oil should be tried and the best chosen.There are reports that private players buy at a cheaper rate,by a different way of striking Contracts for Crude.
11.Oil producers like ONGC,OIL etc, have to be merged with Crude refiners,like IOCL,BPCL etc.
12.Luxury four-wheelers have to be taxed heavily.Banks should NOT offer Loans for purchase of vehicles.These will reduce,Petrol and Diesel consumption.
13.DO NOT ALLOW PPP,as malpractices are possible since CAG will not be able to audit them,and they will not come under CVC too.
14.If the OMCs are not impressed by these calculations and arguments,they can follow the following SENSIBLE,business practice, to stop "their LOSSES".
i.Calculate the "break-even" price of Crude.
ii.When Brent crude price reaches 60% of this value,start reducing imports.Adjust imports of Crude so that THE NATION does NOT LOSE!

To be continued......

The Globalists' and USA's way of getting "their" Policies Implemented in India Or "MM Singh,The Economic Hit-Man".

The USA and MM Singh use the method of CREATING a PROBLEM to attain the aim of having THEIR POLICIES IMPLEMENTED in India,BY OFFERING THE SAME AS "THE" SOLUTION!The Globalists practise this on the World level.It is worth noting in most of THE Indian cases MM Singh is,VERY STRONGLY SUSPECTED,to be involved in subjecting India to FRAUDS,as without his KNOWLEDGE these are NOT possible.And to imagine that he has been the PM of India for the last 7 years and has been in the Indian Political scene for at least,the last 20 years!!!One of the many examples is the 2 G spectrum scam,in which he was claiming no knowledge and was later PROVEN to have KNOWN "THESE" THINGS from at least 2006.
1.MM Singh in 1990s.Gold swap with Bank Of England and Union Bank of Switzerland.IMF and MM Singh CREATED the problem in India.The relevant portion from this link:-
"Enter Dr. Manmohan Singh: The Economic Origins for New Delhi’s Strategic Shift?

The Indian shift away from non-alignment and its strategic partnerships is deeply connected to the unseen regime change in New Delhi that was initiated with the restructuring of Indian economic policy. 1991 was a year of change for India. It was also the year that President George Bush Sr. declared that the “New World Order” was beginning to emerge and also the same year as the Gulf War and the collapse of the Soviet Union.

A common denominator between 1991 and India in the late-2000s is Dr. Manmohan Singh, the current head of the Indian government. Dr. Singh received his doctorate (PhD.) as an economist from Oxford University and also attended Cambridge University. He is a former ranking officer of the International Monetary Fund (IMF) in India. His positions included Deputy for India on the IMF Committee of Twenty on International Monetary Reform (1972-1974), IMF Associate (1976-1980, 1982-1985), Alternative Governor for India on the IMF Board of Governors (1982-1985), and Governor for India on the Board of Governors of the IMF (1991-1995). Several of these positions coincided with appointments within the government and national cabinet of India. This also includes the position of Dr. Singh as the Governor of the Reserve Bank of India (1982-1985).

Dr. Singh was one of the faces behind the restructuring of the Indian economy in 1991, in league with the IMF. He was appointed as the Indian Finance Minister in 1991 by Prime Minister P.V. Narasimha Rao, a man accused with corruption, during a financial crisis that was brought about by IMF policies. India was nearly bankrupted during this period of reforms and state assets surrendered to domestic and foreign private investors. The economic policies of establishing a truly self-sufficiently Indian economy were abandoned and privatization became wide spread. Economic liberalization pushed aside the long-term goals of eliminating poverty in India and providing high standards of living. The Indian agricultural sector was also infected by foreign multi-national corporations through the so-called “Green Revolution.”

Before being appointed to the post of Indian Finance Minister, Dr. Singh was decisive in creating the financial crisis in India through coordination with the IMF. The policies of Dr. Singh by design also left India without enough reserves to meet its financial commitments. India was also deprived of the means to improve its economy by IMF policies The origins of these policies became obvious when Indian civil servants started complaining of sloppy, American-style, and non-British spelling, writing, and grammar in Indian government finance documents and papers. As a result Indian national assets and wealth were siphoned off and foreign control, including that of the Bank of England, of Indian finances began. 1996 spelled the death of the Rao Administration in India because of the backlash of economic liberalization and the unpopularity of the government.

With the economic shifts of 1991 began the road down the path to political shift. On May 22, 2004 the IMF’s man in New Delhi, Dr. Singh,  returned to office to became the Prime Minister of India. 



This time political reforms including turning India’s back on the Non-Alignment Movement (N.A.M.), Iran at the IAEA, and Russia’s aim to realize the Primakov Doctrine were on the table.

India and the Manufactured “Clash of Civilizations” in Eurasia

In many Indian circles the colonial bonds with London are still strong and there are views that New Delhi, or at least the Indian elites, are natural members of the Anglo-American establishment. There is also a taint of racial theory attached to these views with links to the caste system and the Indian elite’s Aryan self-concepts. Huntington’s “Clash of Civilizations” notion and Mackinder’s geo-strategic population model are factors behind these views too. Resource competition, demographics, and economic competition are seen as fuel that will inevitably draw India and China into a clash for supremacy in Asia.

Is it primarily because of geography, amongst other factors, that Indian Civilization (labeled as Hindu Civilization in regards to Huntington’s model) is said to have a conflicting relationship or affiliation with Chinese Civilization (labeled as Sinic Civilization by Huntington’s model) and Islamic Civilization? This theory is short-sighted; if true where are the centuries of fighting between Chinese and Indian civilization? For the most part both lived in peace. The same applied to Islamic Civilization.

New Delhi’s Trajectory: A Reversion to the British Raj?

Is India reverting to the status quo of the British Raj? India has moved beyond a policy of superalignment. India’s elites believe that to achieve their place in the sun they must buy into the socio-economic and political agenda of the so-called, “Core countries” — the global financial power holders of the Periphery. India’s commitment to the Non-Alignment Movement (N.A.M.) is also dead all but in name. The foreign policy course that Pandit Jawaharlal Nehru had charted for India has been abandoned.

Internally, for the last two decades India has been colonizing itself. Communities and ethnic groups have been played agains one another. These are both cases where local and foreign elites are working hand-in-hand. The ruling elites, with the aid of the Indian government, are appropriating all forms of resourses, rights, and property from countless people to fuel the so-called economic liberalization process with no regard for their fellow citizens. Water and national assets are being privatized and virtual slave labour is, once again, being institutionalized — everything that Mahatma Gandhi and his follower worked hard to eliminate. The free trade deals being struck by the U.S. and E.U. with India are a part of this process and have been integrating India into the global economic order.

Hand-in-hand with India being part of a global economic order goes the domination of Eurasia. India is on a serious path of militarization that will lead New Delhi towards conflict with China. In such a war both Asian giants would be losers and the U.S. and its allies the real winners. 

Due to their flexibility the Indian elite may still change course, but there is a clear motion to exploit and mobilize India in Eurasia against its neighbours and the major powers of Eurasia. This is the true meaning, intent, nature, and agenda behind the so-called “Clash of Civilizations” in Eurasia. The threat of a nuclear war between China and India is real in the words of the Indian military, but what is important to realize is that such a confrontation is part of a much larger series of wars or a wider struggle between the powers of Eurasia and the nations of the Periphery, led by the United States."
 India is suspected to have got Tungsten plated with Gold for its pure Gold,in the 1990s when M M Singh is involved.Why else would one take up the risky job of "transferring Gold to and fro" within a few days?47 MT with the Bank Of England and 20 with the Union Bank Of Switzerland.India at the losing side of a Diomedian Swap?
   It is worth noting that BoE is suspected to be involved in the LIBOR rate-fixing scandal.

  The Gold Tungsten Scam has been going on from the 1980s.[Tungsten and Gold have almost the SAME DENSITY]
     It is worth noting that,M M Singh,in the 1990s wanted Gold Bank[ to confiscate the Citizens' Gold and replace the 'FAKE' Gold,of course,on the diktat of the IMF and the World Bank?].
      As in 2013,the RBI,seems to want to revive this dangerous,ANTI-PEOPLE, scheme.

2.Divestment of  PSUs.Fiscal Deficit was kept deliberately high.Rothschilds who are suspected to have PLANTED MM Singh in the Indian banking and  Political scenes ARE the ADVISERS to the Indian Government on the Divestment of PSUs!A similar advice by them to Margaret Thatcher shattered the British Economy.Their aim in India also seems the same,as they ,are reported to have a penchant for bankrupting Nations and ruling them over.Thus  those who are suspected to have PLANTED MM Singh, ENJOY IMMUNITY in India by proxy.



        Privatization,PPP etc are equivalent to bankrupting the Nation,as the National Wealth,belonging to the people of the Republic Of India, is sold at a very cheap rate or shared with a FEW individuals. PPP makes Private players partners in the Government ushering Oligarchy,in the Democratic Republic Of India.Privatization and PPP,do away with CAG Audit also:-the Thieves can have a field day.
       At present India is  NOT,in so bad a position as to sell the Family Silver.Doing so,will leave the Nation bankrupt during emergencies,as the Reserve has been sold off cheaply at GOOD TIMES,when there was NO NEED to do so.
      As per TOI,the UPA, has given a tax incentive to the Oligarchs to the tune of Rs 4.6 Lakh Crores last year[2010/2011]
3.Indo-US Nuke deal.Crude price increased to $145 per barrel and the same was cited as one of the reasons for justifying the deal..
4.OMCs are PROFITABLE.
THIS link shows P.Chidambaram admitting the same,on 4/11/2013. An excerpt, from the link above:-
"However, for the 14 PSUs in the oil sector, including Oil & Natural Gas Corp, Indian Oil and GAIL India, the ministry has sought a 30 per cent dividend, official sources said.

The Finance Ministry believes dividend from CPSUs is a return on investment made by the government and it should be commensurate with profits."
Indian Oil Marketing PSUs are shown to run  on LOSS,and the same is cited as the excuse, though they are reported to give the UPA Govt good returns for Subsidy reduction for them and Petrol and Diesel, price deregulation.
  The UPA earns MORE than it spends on subsides!  
BUT Tax Incentive to the Oligarchs in 2010/11,ALONE,is Rs 4.6 Lakh Crores.  
    An excerpt from the, SECOND,, link above:-
"The next question is whether the government is actually running a deficit vis-a-vis the petroleum sector. A macroeconomic view of the petroleum sector gives us an exactly opposite picture. Surya P Sethi, former energy adviser to the Planning Commission, estimated the contribution of this sector through taxes to the central as well as the state governments and contrasted it with the total subsidies provided by the government.

Table 4 presents the data in this regard. He presents the data till 2008-09. To extend the data to 2010-11, a search at the same source as his remained futile since the Petroleum Planning and Analysis Cell has removed both the historical as well as current data on this.

This table shows that in all the three years from 2006-07, the tax contribution of the petroleum sector is higher than the subsidies provided by the government, inclusive of the so-called under-recoveries. During 2010-2011 (data taken from Editorial, Peoples’ Democracy, July 3, 2011), the contribution to the central government exchequer from the petroleum sector is reportedly Rs 1,36,000 crore and to the state governments about Rs 80,000 crore. The subsidy provided by the government including the oil bonds issued on the public sector oil marketing companies during the same period is Rs 40,000 crore, i.e., 20 percent of petroleum sector’s contribution in taxes and duties.

Thus, the petroleum sector is not a drain on the Indian exchequer. Let us also address the issue of under-recoveries, which becomes a sore point for the government and the media. This figure is often quoted to show that the oil companies are incurring losses due to the governmental regulation. What do these under-recoveries mean? The difference between the cost price and the realised price represents the under-recoveries of the oil marketing companies (OMCs). The realised price is the post-tax price".

  What are under-recoveries?

A relevant excerpt from the link above:-

"Oil refining and marketing companies which are unable to pass through any increase in the price of crude oil thus suffer ’under-recovery’ of costs. Technically under recovery which is the difference between the price at the refinery gate (desired price) and the realised price. It has been argued that there is no ’under-recovery’ of costs as the price of diesel at the refinery gate is based on ’trade parity’ price which has a generous padding of notional costs such as ocean freight which are not actually incurred by the refinery in question. As shown in the column D of table 1 below, the desired retail price of diesel as on November 1, 2011 was Rs. 49.48/litre (including Excise, VAT & Dealer Commission) on the basis of current framework for assigning retail price of diesel. The column F shows the price of diesel based on indicative cost estimates for a refinery importing crude from abroad and also on good international benchmark refinery margins. The price based on indicative cost is about Rs. 47.71 /litre and is about Rs. 1.77 less than the price based on current pricing formula. The ’under recovery’ will be substantially less if it were defined as the difference between the refinery gate price (not import/trade parity) and realized price. When crude price is low or refinery margins are less or Indian rupee appreciates it is possible that there is a substantial ’over-recovery’. The argument that refining companies should price their products on the basis of cost is not valid on the basis of economic principles according to which the value of a scare resource is calculated on the basis of its replacement cost." 

          THIS is a superb LINK.

As per THIS Press information Bureau Release by the Ministry of Petroleum And natural Gases,,dated,2/8/2011, the following is the break up, as regards the price of Petrol:-

      Petrol price as on 01.08.2011

(Rs. per litre)

Price paid to refinery @ Trade Parity	35.39
Inland Freight	+ 0.65
Marketing Cost and Margin	+ 1.47
Excise Duty (including cess etc.)	+14.78
Total price after Excise duty	= 52.29
Less: Under-recovery absorbed by OMCs	(-) 00.71
Price Charged to Customer - Depot Price	= 51.58
Dealer Commission	+ 1.50
Value added Tax (Including VAT on dealer commission.) *	+ 10.62
Retail Selling Price * *	= 63.70

*    VAT as per Delhi.  It varies from 33 %  to 15 % from State to State

** Petrol Price is decontrolled with effect from 26^th June, 2010. The price break up is as per IOC.                                

    As the OMCs have no competition,doing away with "Marketing Cost And margin" and "Dealer Commission",will save Rs 2.97/=,in addition to VAT on the latter [Rs0.50].Hence a total of Rs 3.47/= per Litre of petrol can be saved.....
   It is noteworthy that the so-called,under-recovery is, ONLY 71 PAISE!!! BUT,ACTUALLY,THE SO-CALLED,UNDER-RECOVERIES,ARE IMAGINARY,AND NOT THE REAL LOSS SUFFERED BY THE OMCs.
     In addition,certain jugglery[amounting to BLATANT LIES,reportedly],are involved,in the [mis]-calculations of the "under-recoveries",by/of the OMCs!
       Ethanol Blending with petrol results in, at least, Rs 1410 Cores annual profits for the OMCs.

5% Ethanol Blending with petrol to  be made mandatory from December,2012.
5. Inflation kept high and Rupee weakened deliberately for ushering in FDI in retail.And the "excuse",in item 4 will raise Inflation at a very rapid pace.Two BIRDs with one stone for MM Singh and his Masters.
      DEREGULATION AND PRICE HIKES OF PETROLEUM PRODUCTS,WILL HELP THE MNCs AND THE PRIVATE PLAYERS TO MAKE HUGE PROFITS AT EXPENSE OF INDIANS!THUS DEREGULATION AND FDI IN RETAIL ARE CONNECTED!!!
      Wal-Mart spends more than Rs 52 Crores in India for Lobbying in the last two years.Who gains?Is this NOT corruption?
6.Food Bill and Food shortage/NEED, will be created for ushering in the GMO for favouring US GMO Cos. New Zealand's Food Security Bill,the shape of things to come,if NOT countered.
The proposed Food Security Bill.
7.War On terror is used to make the Citizens voluntarily lose their freedoms.UID,Smartgrid,Natgrid.
The proposed ID Bill.
8.On the Global front Climate gate is used to usher in Carbon tax,Carbon Trading  Carbon currency etc.
9.The Green Initiative to make Paper less and electronic record.This way nobody will OWN TANGIBLES.
ATMs,Demat Accounts,EVMs,MERS,Financial Transaction via the NET, enable, Electronic and Digital theft by the Technically savvy who are either the Government itself or the technically powerful.
The proposed ESD Bill.
        Though an article on the Italian Financial Mess,thanks to the Globalist bankers,THIS may as well apply to India.

10.India,reportedly, bought 193 MT of Tungsten Bars plated with Gold from the IMF.The excuse being increasing India's Gold Reserve. India at the LOSING side of a Diomedian Swap,for the second time?
The GOLD with the RBI,[EACH SAMPLE], has to be assayed for PURITY and AUDITED for Quantity.

To be continued.....

Grievance To The President Of India
Your Excellency madam President,
     I had sent a grievance to Your Excellency, in 2009 and the situation in India now,is EXACTLY as
mentioned there in.
     http://ramadeva2.wordpress.com/
     Today the whole nation is tired of M M Singh's CREATION of PROBLEMS and coming out with
"SOLUTIONS",which are nothing but anti-National policies. The Deus ex machina.
     In the following link,I have mentioned some similar instances of great importance to India and
her people.These are very serious,and if not STOPPED may see India LOSE her Sovereignty.Just as I
had requested Your Excellency, to save the nation in 2009,I once again beseech Your Excellency, to
do the same,as ONLY YOU CAN SAVE INDIA NOW,by preventing the mischief,which has gone too far,for attaining certain anti-India objectives.

http://veerar-analysis.blogspot.com/2011/12/globalists-and-usas-way-of-getting.html
Yours truly,


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