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SP targets private oil firms

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:47 PM IST

"If I take the Prime Minister's suggestion on nuclear deal seriously, I hope Prime Minister will take cognizance of what I raised," Samajwadi Party General Secretary Amar Singh said.    

Also targeting the Petroleum Minister, Singh said Murli Deora "continues to favour only one well-known private operator". He said no individual in private sector "should be allowed this kind of loot."    

While the country is reeling under the "spectre of unaffordable petrol, diesel and cooking gas prices," these oil companies were enjoying "double mazaa and indirect loot", he said.    

Singh said the petrol pumps started by the private firms have been converted into real estate and pointed out that "they (private refiners) are earning Rs 15 per barrel and a profit of six billion dollars."    

Singh, however, debunked reports that he was working at the behest of his close friend and Reliance ADA Group Chairman Anil Ambani, who is at loggerheads with elder brother Mukesh.    

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"Finance Minister is perceived to be close to Anil Ambani if Murli Deora is perceived to be close to Mukesh Ambani. Public perception is not good," the SP leader said.    
Suggesting a windfall profit tax of up to 50 per cent on both upstream and downstream operators, Singh said the levy will immediately cover the under-recoveries of the oil marketing companies by Rs 100,000 crore.

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First Published: Jul 08 2008 | 2:15 PM IST

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