Why Petrol and Diesel Prices are Going Up?


To increase prices
What is the reason?


It is important to increase fuel prices
The reason is that many countries locked in June
Relaxing down restrictions. Gradually
This has increased fuel demand.
Hence petrol and diesel prices
Increased.


Covid vaccine
Arrival


The news that the Covid vaccine is coming is one reason.
The economy as well as public life when it comes to vaccination
The feeling that recovery is fuel prices
Indirect factor to increase


At the price of crude oil
Changes


The price of a barrel of crude oil in April
19-20 dollars. That's it
For about $ 49-50 with relaxations
Increased.
Did you know
Petrol & Diesel taxes in the world
Highest paid Indiana (69%)
Fuel Taxation Across The World
Country
Taxes (%)
India
69.3
Italy
64
France
63
Germany
63


Fuel prices are rising


On December 6 this year
Fuel prices are abysmal
Increased. Another 60 paise
October 2018 in Delhi if increased
4 per liter, reaching a record high of Rs.


The retail price of petrol is 28 paise
Rs 83.41 per liter
To, diesel retail price 29
Paise to Rs.73.61
Have reached.


October 4, 2018 in Mumbai
Maximum price of petrol registered on
Rs 95.34 per liter. Right now
The petrol price there is Rs. 90.05


How many of you
Paying tax?


In the form of taxes on fuel for consumers
Must know how much you are paying.
Higher excise duty on fuel &
Cost (63 per cent on petrol, 60 per cent on diesel
Above) are falling. Hence on petrol
Rs 50 per liter and Rs 40 per liter on diesel
Coming to pay more than.


Petrol and oil to the center since 2014
Revenue on products is approx
Doubled.


Contribution to the Center Between 2014 and 2015, the revenue due to the Center was 172065.39 due to 160554.29
Also between 2015 and 2016 it was 254296.87 instead of 160209.05


From 2016 to 2017, 335174.93 came instead of 189769 .83


206862 .06 to 336162 .78 during 2017 - 2018


3438041 .06 for 227590 .78 between 2018 - 2019


In the year 2019-2020, instead of 221055 .58, the profit was 334314 .83 crore


Indian economy
Is it dangerous for recovery?
The country's economy is reeling from inflation
Fuel during system recovery
Rising prices are risk factors
Is ringing.
Highly effective
The burden of rising fuel prices
Not just on motorists
High impact on transportation facilities
Will show. This results in transportation charges
There is also the difficulty of growing.


Prices are still
Will it grow?
The central government is raising fuel prices again
Thinking. Special excise duty
Rs 18 on petrol & Rs 12 on diesel
(According to guidelines released in March
Rs 10 on petrol and Rs 12 on diesel
Is in thought.


Is likely to increase
Already the center excise duty
Rs 12 on petrol and Rs 9 on diesel
Raised. This tariff in the future
Rs 6 on petrol & Rs 3 on diesel
(Including the corresponding VAT in both)
Seems likely.