This Shocking Expose via RTI Reveals how These Petroleum Companies Making Great Profit are Giving Back Nothing to People

Every poor and middle class family always question and feel sad, when the price rise of Petrol, Diesel and LPG. With the latest deregulation of petrol prices, there are dynamic ups and lows. Rise in price is always questioned and in media like a fire. Many a times, also discussed at length’s in FM radio sessions as well.

To get the annual profits of major petroleum public sector companies, RTI Activist Prafful Sarda had filed an RTI with below questions and response, he received is indeed shocking.

 

Here is what Prafful Sarda quoted. “If we look at profit after tax earned by 3 companies IOC, HPC & BPC in last 3 years is above Rs.65000 cr and still they expect govt to pay them subsidy. As a PSU, they must pass in profit to common-man and should lower down the petrol & diesel prices. RTI details clearly revels how these companies looting common-man”.

It’s high time Modi govt and petroleum minister Dharmendra Pradhan should look into the matter and ask companies to pull down the rates”. as now rates of petrol n diesel are not depends on the crude oil after 19 Oct 2014.

Team SatyaVijayi tried reaching out to Union Minister of Petroleum Mr Dharmendra Pradhan for his views on this but after repeated attempts, we could not reach him and hence, views from his perspective could not be presented.

Here is the full copy of the RTI

RTI – Reply Prafful Sarda

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