Special Report on
Petroleum Product Pricing In India
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In just four years the Indian government has had three high-level committees recommend how petroleum product prices should be determined. All three have shared the same general conclusions: the government should reform fuel-price subsidies and use other, more effective policies to improve the welfare of the poor. But the reality behind India's reluctance to liberalize prices is not a lack of good policy advice. It is that dealers and wholesalers can make large amounts of money out of the subsidies, and, one way or another, some of this ultimately ends up supporting politicians. The first committee was commissioned in 2006, ...
Petroleum Product Pricing In India - Trends
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Petroleum Refining and Marketing :: Reliance Industries Limited.
Petroleum Refining and retailing is the second link in RIL's drive for growth and global leadership in the core energy and materials value chain. RIL has 1.24 million barrels per day (MBPD) of crude processing capacity, the largest at any single location in the world Jamnagar–Global Petroleum Refining Hub With the commissioning of the new refinery in its Special Economic Zone (SEZ), ...
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Petroleum Secretary S Sundareshan, while addressing a press Conference on Friday, announced the government’s decision to deregulate prices of petrol. Petrol prices shall now be subject to periodic revisions based on fluctuations in market prices. An immediate hike of Rs. 3.50 per litre has already been affected. Prices of diesel shall be deregulated in stages while those of kerosene and LPG shall continue to be regulated by the government. For the moment, diesel has been hiked by Rs. 2 per litre, kerosene by Rs. 3 per litre and LPG by Rs. 35 per cylinder. Crude to retail: Pricing and ... Read More
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REVIEWS AND OPINIONS
Why did the government choose to hike the prices of all petroleum products — including the most politically-sensitive and highly-subsidized kerosene and cooking gas — at this juncture? It must have anticipated that this decision would unite the Right and the Left, that its opponents would disrupt normal life and that sections within the ruling coalition would be unhappy. Further, the powers-that-be surely knew that the hike in petro-product prices would literally add fuel to inflationary fires that are raging, shrinking the real incomes of the poor. So why did the government decide on such an unpopular step even as ...
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FOREX.com Spreads - Most Popular
Product Min Typical Product Min Typical Product Min Typical
EUR/USD 0.9 2.1 USD/JPY 0.9 1.9 GBP/USD 0.9 3.2
AUD/USD 0.9 2.3 EUR/JPY 1.1 3.1 EUR/GBP 1.0 3.7
USD/CHF 0.9 3.1 GBP/JPY 2.1 5.0 EUR/CHF 1.3 3.5
USD/CAD 0.9 3.7 NZD/USD 0.9 2.9 XAU/USD 55.0 57.0
Product Min Typical Product Min Typical Product Min Typical
NZD/JPY 2.8 4.9 CAD/JPY 2.8 4.5 AUD/JPY 2.8 4.3
EUR/AUD 3.8 5.8 ...
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SURVEY RESULTS FOR
PETROLEUM PRODUCT PRICING IN INDIA
The crude oil prices have finally touched $100 per barrel – a psychological barrier and a statistical inanity. The composition of Indian crude basket represents average of Oman & Dubai for sour grades and Brent (dated) for sweet grade in the ratio of 59.8:40.2 since April 2006. The Indian crude basket has touched a high of over $92 in the new year, but is yet to hit the three-figure mark. India imports about 76 per cent of its crude oil requirements which amounts to an oil import bill of around $50 billion every year. India’s crude oil import bill rose by 3.48% in rupee terms and 16.67% in dollar terms during the ...
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ess than half of a sample of 42 developing and emerging market countries fully passed through sharply higher world oil prices to retail customers in 2007. According to research by the IMF, this is much lower than in 2006, when three-quarters of the countries allowed domestic retail prices to rise. Pass-through was considerably less for net oil exporters than oil importers. This is attributable mainly to controls on domestic fuel prices and lower fuel taxes. Countries responded to world oil price increases to above $100 per barrel in 2007 by raising both explicit fuel subsidies (to 1½ percent of GDP) and implicit subsidies ...
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Why did the government choose to hike the prices of all petroleum products — including the most politically-sensitive and highly-subsidised kerosene and cooking gas — at this juncture? It must have anticipated that this decision would unite the Right and the Left, that its opponents would disrupt normal life and that sections within the ruling coalition would be unhappy. Further, the powers-that-be surely knew that the hike in petro-product prices would literally add fuel to inflationary fires that are raging, shrinking the real incomes of the poor. So why did the government decide on such an unpopular step even as the Prime ...
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July 2 (Bloomberg) -- Indian stocks fell, with the benchmark index declining for the first time in three weeks. Infosys Technologies Ltd. dropped as the central bank said the country has become more vulnerable to global markets. Software exporter Infosys retreated for a fourth day after the Reserve Bank of India said yesterday foreign trade plays a bigger role in the economy, exposing the country to slowdowns and financial crises. Sterlite Industries (India) Ltd., the biggest copper and zinc producer, lost 2.1 percent. “Investors can hold cash for now and wait for a correction,” said R.K. Gupta, portfolio manager and ...
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INFORMATION RESOURCES
Petroleum product pricing in India is frequently seen as a black hole of subsidies. Economists and oil companies complain about the impacts those subsidies ...
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prices, contributing to recent increases in petroleum product prices and .... globally, led by growth in developing countries such as China and India. ...
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completely end government controls on petroleum product prices. Energy Profile. Oil accounts for about 30% of India's total energy consumption. ...
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PETROLEUM PRODUCT PRICING IN INDIA
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PETROLEUM PRODUCT PRICING IN INDIA. http://www.iea.org/work/2006/gb/papers/petroleum_product_pricing.pdf
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QUESTIONS AND ANSWERS
I have been reading a lot about the topic of oil prices. I think there is currently an argument that is almost in the realm of religious argument and I was curious of people's thoughts. One side of the argument I would call peak oil. This argument is that the demand is drastically outpacing supply and will continue for a long time to come so oil prices will only continue to rise. The other argument I have head is what I would call Oil Bubble. As with many of the other market bubbles (tech, mortgage, etc), speculators are building castles in the sky with the oil industry and at some point the market will correct. This ...
