fuel price hike in india
DESCRIPTION
An introspection about the recent fuel price hikes in India.TRANSCRIPT
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IN INDIA
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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
Thank you