The document discusses fuel prices in India, including how fuel taxes are allocated, major oil companies, price hike trends over the last ten years, and causes of rising fuel prices from economic, social, and political perspectives. It also outlines the current effects of fuel price hikes such as stock market crashes and future consequences. Steps for the government and public to take are proposed, including investing in public transport and carpooling.

1. IN INDIA

2. Fuel price contribution in India Dealer
contribution
2%
VAT
17%
Excise Duty Paid to Refinery
20% 61%

3. Major oil exploration and production companies in India
CAIRN INDIA

4. Price hike trends in India in last ten years

5. Causes of fuel price rise in India
Economic Reasons
Supply and demand imbalances
Black Marketing
Black money
Rapid Growth of Population
Taxation
Deficit Financing
Increase in Money Supply

6. Causes of fuel price rise in India
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.

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.

8. CURRENT
EFFECT
OF
FUEL
PRICE
HIKE
STOCK MARKET CRASH

9. FUTURE
CONSEQUENCE
S

10. Steps
Needed
To be taken
by the
government
Public transport

11. Steps needed to be taken by the people
People of same destination
and same work

12. SAVE FUEL SAVE nation