Sep 16
Petrol price hike - why so serious?
People fume over petrol price hike
I don't completely get the furore over the petrol price hike. Help me with getting the facts right:
- An alternative to petrol price hike is subsidy.
- Poor people don't buy petrol. If you use petrol you probably are(or should be) a tax paying citizen.
- Who pays subsidy ? - tax payers.
- Who pays petrol price hike ? - tax payers and "non-tax payers". Only 3% of Indians pay taxes.
- Inflation happens due to both petrol price hike and government deficit from subsidy.
I am all for wider sharing of the burden. :) What is your problem?
Filed under //
price hike
