HIKE IN PETROL PRICE IN INDIA IS A BIG NIGHTMARE.

1. PETROL PRICE IN INDIA
by
Arise Roby ARISE TRAINING & RESEARCH CENTER

2. Paid to Refinery
61%
Excise Duty
20%
VAT
17%
Dealer
contribution
2%
Fuel price contribution in India
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3. CAIRN INDIA
Major oil exploration and production companies in India
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4. Price hike trends in India in last ten years
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5. Economic Reasons
Supply and demand imbalances
Black Marketing
Black money
Rapid Growth of Population
Taxation
Deficit Financing
Increase in Money Supply
Causes of fuel price rise in India
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6. Social Reasons
Increase in number of vehicles.
Use of vehicles even for short distances.
Huge loss of fuel due to keeping engines on at
traffic.
Poor R&D in automotive sector.
Causes of fuel price rise in India
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7. Causes of fuel price rise in India
Political Reasons
 Rejection of India’s call by OPEC for regulating
crude prices through a price band.
Unsolved present issue of payment with Iran,
India’s second crude oil supplier.
Absence of reforms to regulate automotive sector.
Huge tax revenues from import of crude oil.
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8. CURRENT
EFFECT
OF
FUEL
PRICE
HIKE
STOCK MARKET CRASH
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9. FUTURE
CONSEQUENCE
S
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10. Public transport
Steps
Needed
To be taken
by the
government
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11. People of same destination
and same work
Steps needed to be taken by the people
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12. SAVE FUEL SAVE nation
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