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Elasticity of Demand of petrol consumption in India by tushar mittal

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Tushar Mittal
Tushar Mittal

Elasticity of Demand of petrol consumption in India

1 of 16
MACRO FACTORS IMPACTING PETROL IN INDIA- • IMPO- EXPO Policy • CAD (Current Account Deficit) • FOREX Reserve • Political Turbulence • Crude Oil Value - Sustainability • Govt. Subsidies •Restrictive Market Share
MICRO FACTORS IMPACTING PETROL IN INDIA- • Net Disposable Income • Inflation • Manufacturing Sector • Substitute Goods ( LPG / CNG / Diesel / Bio Hybrid Fuel) • Consumption and Manufacture of Petro Based Product
Observation • Petrol Ever in Demand Product. • With Change in Substitute Goods and Price Changes across Global and Domestic Level it remains inelastic. • With Ed Value in the range of (<1) Petrol remains highly inelastic and In demand Product • Though Index seems to be rising but exhaustion of petrol reserve is alarming
Elasticity of Demand of petrol consumption in India by tushar mittal
Elasticity of Demand of petrol consumption in India by tushar mittal

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Elasticity of Demand of petrol consumption in India by tushar mittal

  • 1.
  • 2. MACRO FACTORS IMPACTING PETROL IN INDIA- • IMPO- EXPO Policy • CAD (Current Account Deficit) • FOREX Reserve • Political Turbulence • Crude Oil Value - Sustainability • Govt. Subsidies •Restrictive Market Share
  • 3. MICRO FACTORS IMPACTING PETROL IN INDIA- • Net Disposable Income • Inflation • Manufacturing Sector • Substitute Goods ( LPG / CNG / Diesel / Bio Hybrid Fuel) • Consumption and Manufacture of Petro Based Product
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. Observation • Petrol Ever in Demand Product. • With Change in Substitute Goods and Price Changes across Global and Domestic Level it remains inelastic. • With Ed Value in the range of (<1) Petrol remains highly inelastic and In demand Product • Though Index seems to be rising but exhaustion of petrol reserve is alarming