Petrol price hike
Hello.I am not fully aware of the structure of an RTI application.However,my question is as follows.
How is the petrol price in a city in India determined?If at all there is a hike,is there anything that government could do(or should do)to reduce the burden on common man?And if there is,how much can they actually bear and is the present government performing its role?Why are the prices of other fuels like diesel and natural gas not being hiked?
u can all the answers by typing the same questions in google
Ya i know googling will help but i thought may b i would get more specific information..thanx
1. As Ankit says the information is in public domain.You do not have to file a RTI for it. I am attaching some for you.
In order to insulate the common man from the impact of rise in international oil prices and the domestic inflationary conditions, the Government has been modulating the retail selling price (RSP) of the sensitive petroleum products viz. Petrol (decontrolled w.e.f. 26.6.2010), Diesel, PDS Kerosene and Domestic LPG resulting in incidence of under-recoveries to the Oil Marketing Companies (OMCs). The Government has evolved a Burden Sharing Mechanism since 2003-04 to ensure that the burden of under-recoveries incurred by OMCs is shared by all the stakeholders in the following manner:
i. Government through oil bonds/ cash assistance; ii. Public Sector Upstream Oil Companies namely, Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL) and GAIL (India) Limited (GAIL) by way of price discount on Crude oil and products. iii. Public Sector Oil Marketing Companies, by absorbing a part of the under-recoveries. iv. Consumers, by minimal price increase.The extent of sharing by Public Sector Upstream Oil Companies, inter alia, depends on the quantum of total under-recoveries incurred by OMCs and the burden sharing formula finalized by the Ministry of Finance in consultation with the Ministry of Petroleum & Natural Gas.
The details of under-recovery incurred by the OMCs vis-à-vis the burden shared by upstream companies since 2006-07 are given below:-
Year Total Under-recovery Burden Shared byUpstream Sector
Rs crore Rs crore Percentage
2006-07 49387 20507 41.52
2007-08 77123 25708 33.33
2008-09 103292 32000 30.98
2009-10 46051 14430 31.33
2010-11 78190 30297 38.75
2011-12 97313 36894 37.91
(up to Dec.’11)
thanx a lot man
ADMIN– it can be moved to RESOLVED NON ANONYMOUS RTI