International prices are low, why is petrol expensive in the country?

 

International prices are low, why is petrol expensive in the country?

The only way to make petrol cheaper is to have a general election declared in the country, elections are going to be held in Assam, where the excise duty has been reduced by five rupees.

Petrol and diesel prices have been increasing continuously for ten days. The premium petrol has become 100 rupees liter in the middle. In Anuppur city, the normal petrol has become 100 rupees a liter. There are now many cities in India where petrol is being sold from 98 to 100 rupees a liter. The consumer does not understand that these prices are increasing due to international reasons or for reasons which are not being known. People's earnings are decreasing every day due to the rising price of petrol diesel. This is the third time after 2017, 2018 when petrol prices are going up. Would like to tell you by a flashback that you had given similar prices in 2017 and 2018 too. The episode is old but watching it will remind you how slowly you are getting adjusted to the maximum level. Now the condition is that if ten rupees is reduced, the dock media will say that petrol has become cheaper by ten rupees, petrol is getting 90 rupees. In June 2018, petrol and diesel prices had gone to the maximum level. There were a lot of outcries. Then six months later, in October 2018, petrol-diesel prices became maximum and now all records have been broken. In this old prime time episode, we were trying to understand that if prices were increasing in June 2018 due to international reasons then why were they increasing in September 2017? At that time, the price of crude oil was very low. Parbhani of Maharashtra will be mentioned in this, when there were more than 81 rupees of petrol from Mumbai, today there are more than 100 rupees.

'On 17 September 2017, the price of petrol in 21 districts of Maharashtra exceeded Rs 80 per liter. Parbhani, Nanded, Yavatmal, Gadchiroli, Bhandara, Aurangabad had more than Rs 80 a liter. On September 17, it was Rs 81.31 per liter in Parbhani. On May 22, it was Rs 86.35 per liter. Now let us see what the price of crude oil was in the international market in September 2017. What is the price of crude oil in May 2018? According to that what is the price of petrol? We consider Parbhani as our sample. In September 2017, the price of crude oil was $ 54.52 per barrel, then the price of one liter of petrol in Parbhani was Rs 81.31. Crude oil price is $ 79 per barrel in May 2018. On May 22, the price of one liter of petrol in Parbhani is Rs 86.35. That is to say, in September 2017, the price of crude oil in international markets was $ 24.48 per barrel less than today. Even after this, the price was still above 80, it is still 80. The difference is that this time it is seen touching 90. On May 22, the price of crude oil in the international market was $ 78 per barrel. Oil had never become so expensive in India. Even today, petrol has increased by 30 paise, while diesel prices have increased by 26 paise. With this, the price of 1-liter petrol in Delhi has gone up to 76.87, while diesel has become 68.08. Petrol in Patna is 82.35 paise and diesel is 72.76 rupees per liter. In Mumbai, 84.70 rupees per liter and diesel 72.48 per liter have become expensive.

So in the flashback, you learned that in September 2017, petrol price had gone up to Rs 87 and Rs 87 per liter. Petrol in Mumbai was 84 rupees 70 paise in June 2018. Petrol in Mumbai became expensive by 25 paise on the day of 18 February 2021 and the price of one-liter petrol became 96 rupees. 23 paise in Chennai increased to Rs 91.68. 90.78 in Kolkata. 89.54 in Delhi. In Madhya Pradesh, 26 paise increased to Rs 97.56.

There is only one way to make petrol cheaper. General elections should be declared in the country. Elections are going to be held in Assam, where the excise duty has been reduced by five rupees. Even after this human decision, petrol is getting 86 rupees 44 paise a liter. It is more expensive than Delhi. At the time of the Karnataka assembly elections in 2017, the prices did not increase till 19, while the prices were increasing in the whole country. This time a new reason for the rise in oil prices has been launched. This reason seems to be new and if this reason is not there then the price of petrol diesel will not increase. Prime Minister Narendra Modi was laying the foundation stone for oil and gas sector plans in Tamil Nadu. Elections are going to be held there this year. Here the Prime Minister said that should a talented country like India depend on imports for its energy needs?

So this time the prices increased because a talented country like India did not work in the past, due to this the burden on the middle class has increased. Nothing happened in 70 years. After this logic, people will give 200 rupees a liter of petrol. Many countries depend on the import of petrol diesel. Are there even as expensive as India? The reason being given to the governments of the past is because now and again the excuse of the international market is not running? Are the countries where 80 percent of imports are not as talented as India?

In 2000-01, India imported 75 percent of the consumption of petroleum products. 95 percent in 2016-19. At present, it imports 84 percent of its consumption. That is, imports continued to grow during the tenure of Prime Minister Modi. Not reduced Now we will also talk about ethanol. But some questions are unable to stop from coming first. In the international market, if the price of crude oil increases, then also decreases. When they are less than the prices of petrol diesel are not reduced in that proportion. And when they go to minus, they did not decrease.

In October of 2018, the price of crude in international markets was $ 84 per barrel. At that time the prices of petrol and diesel in India skyrocketed. At that time, the price of petrol in Delhi reached 84.4 rupees while in Mumbai it was 91.34 rupees. Let's look at today's price. Today, the price of crude oil is $ 61.13 per barrel, which is about $ 23 less than in October 2018, but still, the price of petrol in Delhi is 89.54 rupees whereas in Mumbai it is more than 96 rupees i.e. October 2018. If the price was fixed on the basis of crude oil, then people in India would have been getting oil cheaply.

When the price of crude oil reached $ 147 per barrel in 2008, how was petrol getting 45 rupees per liter, and today when it is $ 61.70 per barrel, how is petrol selling up to 100 rupees? Were earlier people more talented or are today's people more talented? Then who will tell us why petrol prices did not come down in India when the international crude oil prices went down to minus the GDP of India in April last year? Rather increased. Petrol in the capital Delhi was 69 rupees 59 paise in April 2020. 76 rupees 31 paise liter in Mumbai.
Central and state tax up to 60 percent on petrol. Close to 54 percent on diesel. Within a year, the central government has increased the excise duty on petrol from Rs 9.98 to Rs 32.98. More than three times. Similarly, excise duty on diesel has been increased from Rs 15.83 to Rs 31.83. There is a government website, the site of the Petroleum Planning and Analysis Cell, which shows how much money was received from the petroleum in the government's account from 2014-15.

3,32,620 crores in 2014-15
4,14,506 crores in 2015-16
5,24,945 crores in 2016-17
5,43,026 crore in 2017-18
5,75,632 crore in 2018-19
5,55,370 crores in 2019-20

During the Kovid, the government's earnings have decreased significantly but you can see the earnings between 2014-15 to 2019-20. It has almost doubled. Why is tax dependence on petrol diesel increasing? Do governments not have money at this time? Is it because people are willing to take away whatever money they have?
Rohit Inani has done a long report in IndiaSpend on 22 January in which he has said that the share of domestic savings in India's GDP is going down. It was 24 percent in 2012, compared to 17 percent in 2018. People's earnings did not increase. Eating out of savings. Are becoming financially weak.

Domestic saving has come to 1991 level. It is not that everyone is unhappy. There is also positive news. Which shows that something good is happening. A report from Oxfam has come in the month of January. According to him, during the lockout, the wealth of 11 billionaires of India increased so much that they could raise the budget of dying for the next ten years. At least 11 people have developed the strength of talent. During this epidemic, 24 percent of Indians' monthly income fell to less than Rs 3000. 24 percent means more than 32 crore people. Gas cylinder prices have also increased. All of this is having a bad effect on income.

Along with petrol diesel, the prices of gas cylinders are also increasing. How much can you handle in your pocket? Since November 2020, the gas cylinder has become expensive by Rs 175. Many people say that the opposition does not raise voice but it is not even shown. If you don't raise the opposition, don't you know that 175 rupees have become expensive. The government itself should tell what is the reason for this?

Till November, a gas cylinder in Modinagar in UP used to cost Rs 592. 642 rupees on 2 December and 692 on 15 December. After that, on February 3, it increased to 25 rupees and then to 717 rupees. Then on 14 February, it increased to Rs 767 after increasing by 50.
After every time, gas and petrol become very expensive for a few days in between. In February last year, the gas cylinder was 858 rupees. Is it a pattern to increase two to three months, then reduce it so that it seems that something is decreasing and then increase? Until the attention of the people, launch the Hindu Muslim Debate in the middle. Is it really low earning and half salary Are people troubled by these things not hurt? People in the transport sector are also being wasted. At the moment when the economy is in bad shape, the scope of increasing rent is also less. People in the transport sector are working on very low margins. This would mean that millions of people would be eliminated from this sector. Their work will be snatched away.

In Sriganganagar, Rajasthan, normal petrol is being sold at Rs 100.62 per liter. Power petrol is getting 103 rupees liter here. Normal diesel is getting 92 rupees 42 paise a liter. This is when the Rajasthan government has cut VAT on petrol and diesel by 2 percent.
Petrol-diesel at HP, Indian Oil, and Bharat Petroleum pumps come from Jaipur and Jodhpur depots in Sriganganagar. Due to the distance from here to more than 500 kilometers, the transportation fare on this also increases. Due to this, there is a difference in prices in different cities. Petrol pump operators claim that people are earning profits by selling 20 thousand liters of petrol and diesel from Punjab every day in the area. Due to this, the state government is incurring a revenue loss of about Rs 1.5 crore every month. But the action does not happen. Here, officers of the District Logistics Department believe that under the Petroleum Act, a rebate of 2 thousand liters has been given. In such a situation, people cannot be stopped under this law.
India also exports petroleum products. Is the tenth largest exporter in the world. But when you look at India's share in total exports, it is 3.9 percent. On 20 January this year, a report appeared in the Times of India that India imported more than 5 lakh barrels of crude oil a day in December. This was the highest in three years. On the other hand, the Prime Minister says that his government has encouraged the production of ethanol, then why is the import of crude oil increasing in India? Please listen carefully.

We have already told you about this earlier. In 2018, the Government of India made a policy that in the coming years, the amount of ethanol in petrol will be increased by 10 to 20 percent so that the budget for crude oil exports can be reduced. Two years later, there have been some policy decisions this year. If this goal were achieved, then why would there be an increase in imports? It is also not clear what benefits will be provided to farmers by making ethanol. Will they get more price for sugarcane? Sugarcane farmers of UP say that prices are not increasing and are not being received.

Reporting in the Hindu Business Line of October 14, Radheshyam Jadhav has written that the representatives of the sugar mills of Maharashtra clearly state that sugar mills have neither the capacity nor the infrastructure to produce ethanol. Prakash Naiknavare, managing director of the National Federation for Cooperative Sugar Factories Limited, states that Maharashtra does not have the infrastructure to produce ethanol. The financial condition of sugar mills is bad. Due to this, banks are also not giving loans. As a result, the central government's ethanol production target is not being met. But the Prime Minister did not mention these challenges in the speech given on the FICCI program on 12 December.