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Bank loans for purchasing petrol


Posted Date: 24 May 2012      Posted By:: Mala Jaiswar     Member Level: Diamond    Member Rank: 70     Points: 2   Responses: 6



Banks offer loans to purchase luxury items like Gold, Home etc. Petrol has become a luxury item today. Should not banks provide loans to people to purchase petrol?



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#318899    Author: Ajai B Maliackal      Member Level: Diamond      Member Rank: 81     Date: 24/May/2012   Rating: 2 out of 52 out of 5     Points: 2

If we are having money to buy Gold and home, then there is no need to have loan for purchasing petrol. Petrol price has increased and it has disturbed the life of the normal people.

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#318908    Author: Venkiteswaran.      Member Level: Diamond      Member Rank: 23     Date: 24/May/2012   Rating: 2 out of 52 out of 5     Points: 2

A nice dig at the rising price.
When bank gives loan to a specific purpose, it has to be monitored.
But petrol gets evaporated and used up. Only smoke remains. Banks may not like their loan to go up in smoke. If it has to be granted, then people will ask loan for smoking...!!!

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#319013    Author: Sudipta Shekar Roy      Member Level: Silver      Member Rank: 1061     Date: 24/May/2012   Rating: 2 out of 52 out of 5     Points: 2

Are you really craze? Is it write? Do you think anybody will take loan for purchasing petrol? How much quantity of petrol would you like to purchase? 100 Ltr.? If it's Rs. 80/- per Ltr., then total cost of purchase is 8000. Do you think anybody take loan of Rs. 8000.00? Who take petrol of 100 Ltr. those also have that kind of earning potentiality.





 
#319040    Author: Soujanya      Member Level: Gold      Member Rank: 266     Date: 25/May/2012   Rating: 2 out of 52 out of 5     Points: 3

Its really funny. Yes its true that petrol rates got hiked but If we take loans for purchasing petrol then people will demand for vegetables also. As the prices of vegetables are also growing day by day.

@Sudipta Shekar: Please use the spell check properly. When ever your word is incorrect it will be highlighted by a red line underlined. when you right click on the word it gives few words related then you choose one out of it.

Soujanya
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#319105    Author: sudarshana      Member Level: Gold      Member Rank: 308     Date: 25/May/2012   Rating: 2 out of 52 out of 5     Points: 2

I think, this may be a good subject matter of a political cartoon for hike of petrol price. The Government is raising the petrol price in such a way that it actually becomes a luxurious thing for the common people.


 
#319243    Author: Nadeem Naqvi      Member Level: Diamond      Member Rank: 103     Date: 25/May/2012   Rating: 2 out of 52 out of 5     Points: 4

Mala,
Yes, you are right that the banks should provide loans to by petrol i.e. liquid gold. When you have mentioned that banks are providing loans for the purchase of gold and other valuable items then why not the banks provide loan for petrol.
The price of petrol is raising sky high. The costliest country in respect to the cost of petrol is Germany where the cost of petrol is Rs. 120 a liter. There are no oil fields in Germany but India has its own oil fields but still we are racing against the nations who are not producers of oil. It is only because of the corruption in our system, which cannot be removed now.

Regards,
Nadeem Naqvi

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