petrol price in india arise robism report

PETROL PRICE IN INDIAby

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Paid to Re-finery61%

Excise Duty20%

VAT17%

Dealer contribution 2%

Fuel price contribution in India

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CAIRN INDIA

Major oil exploration and production companies in India

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Price hike trends in India in last ten years

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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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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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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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CURRENTEFFECTOFFUEL PRICEHIKE

STOCK MARKET CRASH

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FUTURECONSEQUENCES

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Public transport

StepsNeededTo be takenby thegovernment

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People of same destination and same work

Steps needed to be taken by the people

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SAVE FUEL SAVE nation

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