fuel price hike in india
DESCRIPTION
An introspection about the recent fuel price hikes in India.TRANSCRIPT
IN INDIA
Paid to Re-finery61%
Excise Duty20%
VAT17%
Dealer contribution 2%
Fuel price contribution in India
CAIRN INDIA
Major oil exploration and production companies in India
Price hike trends in India in last ten years
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
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
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.
CURRENTEFFECTOFFUEL PRICEHIKE
STOCK MARKET CRASH
FUTURECONSEQUENCES
Public transport
StepsNeededTo be takenby thegovernment
People of same destination and same work
Steps needed to be taken by the people
SAVE FUEL SAVE nation
Thank you