During the pandemic not too long ago, crude had fallen to as low as $30 a barrel. No discount was passed on to retail customers then. No news of how much VAT central and state governments made in a time of crisis. No headline on fat OMC profits.
You want violins now?
Mr. Puri, your OWN government’s data exposes you completely.
You say oil companies are losing ₹1,000 crore/day because crude went from $64 to $115.
But here’s what you’re hiding:
- When crude was $115, you FROZE prices for 137 days straight in 2022; because 5 states were going to elections
- When crude FELL back to $75–80, you still didn’t pass on the relief
- March 2024: crude still at $80+, you cut ₹2/litre; not for relief, for Lok Sabha votes
- Meanwhile IOCL + BPCL + HPCL posted ₹81,000 crore RECORD profit in FY24 (PIB’s own data)
- Modi govt collected ₹38.89 LAKH CRORE in fuel taxes since 2014
The “under-recovery” isn’t because of crude prices.
It’s because you weaponised fuel pricing for elections for 10 years, and now the bill has arrived.
Who will pay for it? Not BJP. Not Hardeep Puri.
The same ₹100/litre petrol-buying Indian who already paid ₹38 lakh crore in taxes.
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