Elasticity of Demand of petrol consumption in India by tushar mittal
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Transcript of Elasticity of Demand of petrol consumption in India by tushar mittal
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