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Raj
2.5K posts
@somnath1978 @ramprasad_c Lucky that you are in India otherwise places like UK prices have gone up by 30% and government is doing nothing to stop
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Tax revenues belong to us citizens, deficits are financed by our savings and PSU Oil cos are taxpayer assets. Ergo, not sure how a regular executive optimisation is suddenly an act of generosity and benevolence. We are citizens of a republic, not subjects in a monarchy..
Hardeep Singh Puri@HardeepSPuri
International crude prices have gone through the roof in the last 1 month from around 70 dollars/barrel to around 122 dollars/barrel. Consequently, petrol and diesel prices for consumers have gone up all over the world. Prices have increased by around 30%-50% in South East Asian countries, 30% in North American countries, 20% in Europe and 50% in African countries. The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility. Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen. Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!
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Raj me-retweet
👋Today, bringing you the 3rd “Smart City,” Jaipur, the capital of Rajasthan.
BJP has ruled this state for 5 terms, almost 19 to 20 yrs since 1990.
This is the result of a triple engine govt, PM, CM, and mayor, working tirelessly to keep the city world class at this level.
Manu🇮🇳🇮🇳@mshahi0024
After Faridabad, here comes another SMART CITY under the rule of Double engine approx 1 decade now. We are bringing 100 SMART CITIES video series from different part of India, that was promised us in 2014. Enjoy the development.
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@TejasChava21611 @mikejava85 @PadmajaJoshi How much was total tax collected on fuel since 2014?its 40 lakh crores. As a tax paying citizen of the country, I expect my benifit. Not gonna play govt agent or bjp agent here.
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@simplecop @mikejava85 @PadmajaJoshi FINAL Cost of oil bonds issued between 2006 and 2009:
Rs. 2.92. Lakh Crore
FINAL net revenue forgone by GOI through income tax cut, GST rationalisation, and today's excise duty cut:
Rs. 3 Lakh Crore
This is what fiscal management looks like.
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BIG: Govt cuts excise duty.
On petrol: from Rs 13/litre to Rs 3/litre
On diesel: from Rs 10/litre to 0
Hardeep Singh Puri@HardeepSPuri
International crude prices have gone through the roof in the last 1 month from around 70 dollars/barrel to around 122 dollars/barrel. Consequently, petrol and diesel prices for consumers have gone up all over the world. Prices have increased by around 30%-50% in South East Asian countries, 30% in North American countries, 20% in Europe and 50% in African countries. The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility. Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen. Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!
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@sanghaxis @ramsyam177011 @mufaddal_vohra What is your achievement by belonging in that & how does it explain Hinduism or beef export?
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@simplecop @ramsyam177011 @mufaddal_vohra I am from a constituency that has the most educated population in India and has the highest per capita in India, we know the scoundrels Congressis are.
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@sanghaxis @ramsyam177011 @mufaddal_vohra Bytheway, I already know you can't answer those questions without dodging it. You are playing for bjp, a political party.
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@sanghaxis @ramsyam177011 @mufaddal_vohra I belong to richest state of India in per capita. Neither associate with bjp and Congress. Belongs to top 1 percent of tax payers.
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@abhishek1217 @venkat_fin9 That could've paid in 2016 itself with the surplus amounts of fuel tax. But wanted to keep that as excuse.
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@venkat_fin9 You’re forgetting the ₹1.34 L Cr 'Oil Bonds' gift left by UPA. For 10+ years, we paid thousands of crores in interest for fuel used decades ago. Govt finally cleared the last of the ₹3.23 L Cr debt this March! That’s where the 'benefit' went—paying off old bills. ⛽📷 #OilBonds
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Government conveniently reduce fuel prices, but only for OMCs. When global crude prices are lower, why doesn’t that relief reach the common citizen? Why is the benefit blocked before it gets to the people who actually pay at the pump?
Any ministers, or their blind followers, care to answer this?
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@abhishek1217 @venkat_fin9 Half knowledge. Getting 100 rupees tax, and cribbing about 2 rupees oil bond payoff.
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Raj me-retweet
That 25,000 crore MOU is now cancelled.
Remember, this got exposed because it was announced on social media for PR.
Just imagine how much corruption must be going on behind closed doors.
There’s a reason this country is still poor after 79 years of independence.
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Andhanhun.....when your plans has another plan.
Ward🎬🎥🍿100/100
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@VenkatAttili @RoshanKrRaii UPA's oil bonds were 1.46 lakh crore with interest. Modi's ₹2/litre excise hike, raised petrol, diesel prices, Indians possibly paid 2-3x times of the bond burden. Check facts, not WhatsApp rumors. And 3 years of Russian crude discounts ,Ethanol blend cost saving not added 🤡
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Who bought cheap Russian oil at $60?
— Ambani
How much extra profit Ambani made?
— Over 50,000 Cr ($6 Billion)
What did middle-class get?
— E20 petrol at ₹100
Who will fund Ambani now for not making enough profit when oil is $110?
— Indian Taxpayers’ 😭
Who should we thank?
— Modi Ji 🙏
Reduced mileage, damaged cars and soon expensive petrol 🫡🔥
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By January 2016:
Crude Oil Price Crashed to $30/Barrel, A Massive Decline of 70-75% as compared to 2014.
Excise Duty Increase:
Petrol - 124%
Diesel - 378%
This is how Modi looted the Entire Country for Years.
Have Some Shame Mr Puri.
Hardeep Singh Puri@HardeepSPuri
International crude prices have gone through the roof in the last 1 month from around 70 dollars/barrel to around 122 dollars/barrel. Consequently, petrol and diesel prices for consumers have gone up all over the world. Prices have increased by around 30%-50% in South East Asian countries, 30% in North American countries, 20% in Europe and 50% in African countries. The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility. Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen. Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!
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@TejasChava21611 @mikejava85 @PadmajaJoshi What about when purchased it in all time low price during covid? And Russia discount? Any thoughts?
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@mikejava85 @PadmajaJoshi Your price has not increase fool, it's the benefit . Oil companies don't get benefit as they are purchasing oil with higher prices.
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@HardeepSPuri Your gratitude should be to honest tax payers only. Not PM, certainly not FM.
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International crude prices have gone through the roof in the last 1 month from around 70 dollars/barrel to around 122 dollars/barrel. Consequently, petrol and diesel prices for consumers have gone up all over the world. Prices have increased by around 30%-50% in South East Asian countries, 30% in North American countries, 20% in Europe and 50% in African countries.
The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility.
Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen.
Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!
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Raj me-retweet
Crude was at $60–70 for years, yet Indians paid record-high fuel taxes. Now at $122, we’re told the govt is “sacrificing” revenue. You can’t pocket windfalls when prices fall and claim sainthood when they rise. Relief isn’t generosity, it’s returning what was overcharged. Economic policy is not a devotional exercise. It deserves scrutiny, not applause emojis.
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Everything that is wrong in India, summarised in one post
NDTV@ndtv
"We Are VIPs, Can't Stand In Queue": Karnataka MLAs Want IPL Tickets ndtv.com/india-news/kar…
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@Mayank730 @gauravmahich27 @ayush_tomar8 @Vtxt21 In contrast, despite crude oil prices reaching historic lows in 2020, there was no reduction in fuel prices by the current administration, and the introduction of E20 has further exacerbated the situation.
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Chill guys
This Excise duty cut on Petrol & Diesel is not for consumers
It's for Oil companies to hold price hike till upcoming five state elections to complete
Once elections are over, Govt will show you their real face if Iran war continues 💀
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@Mayank730 @gauravmahich27 @ayush_tomar8 @Vtxt21 During the period of high crude oil prices and the 2008 financial crisis, in its capacity as an economic steward, sought to mitigate the impact of elevated costs on consumers. The measure you refer to as "hefty" was a one-year tax levied on petrol.
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