Petrol price in india arise robism report
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Transcript of Petrol price in india arise robism report
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PETROL PRICE IN INDIAby
Arise Roby ARISE TRAINING & RESEARCH CENTER
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ARISE TRAINING & RESEARCH CENTER
Paid to Re-finery61%
Excise Duty20%
VAT17%
Dealer contribution 2%
Fuel price contribution in India
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ARISE TRAINING & RESEARCH CENTER
CAIRN INDIA
Major oil exploration and production companies in India
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ARISE TRAINING & RESEARCH CENTER
Price hike trends in India in last ten years
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ARISE TRAINING & RESEARCH CENTER
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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ARISE TRAINING & RESEARCH CENTER
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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ARISE TRAINING & RESEARCH CENTER
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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ARISE TRAINING & RESEARCH CENTER
CURRENTEFFECTOFFUEL PRICEHIKE
STOCK MARKET CRASH
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ARISE TRAINING & RESEARCH CENTER
FUTURECONSEQUENCES
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ARISE TRAINING & RESEARCH CENTER
Public transport
StepsNeededTo be takenby thegovernment
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ARISE TRAINING & RESEARCH CENTER
People of same destination and same work
Steps needed to be taken by the people
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ARISE TRAINING & RESEARCH CENTER
SAVE FUEL SAVE nation
Arise Robism