National
Crude oil price in India
Today, the world is suffering from many unexpected problems. These problems includes corona virus pandemic, poverty, voilence in many subjects and rise in prices in almost every item.
These problems got a boost after this corona virus pandemic. Providing essential items to everyone according to their needs have been one of the major problem. Almost every country is having such issues, that too due to the unexpected Covid-19 pandemic.
Presently, Farmer protests, violence, rise in prices, Covid19 vaccination for all on time, rape issues and political games are the topics which are trending in India.
In India too the prices are touching its brim. The rise in costs in food, commodities, jewellery, fuel, automobiles etc have become a greater problem. To provide everything for everyone with less issues is a need.
The petrol and diesel prices have been increasing day by day. Retail price of automobile fuels have reached heights across the country. Petrol and diesel are taxed heavily in India and that’s why the consumer benefits have been decreased.
Low class families are getting benifits by the government, high class families already have enough salaries to spend freely and according to their needs.
For middle class families, the problems are like hell. No benifits, almost nothing for the middle class. Only low class are under the eyes of government but middle class are just ignored every time. Middle class are also like the low class but just a bit heigher than low class and so less than the upper class. This class is in the middle so no-one remember to provide special highlights to them. Pressure over the middle class to do everything on their own without any benifits or schemes from anyone, under huge loss.
Diesel and petrol prices have hit high records across the country with petrol touching Rs 89 per litre in Delhi and diesel reaching a new high of Rs 86.30 per litre in Mumbai. Petrol prices are revised by the oil marketing companies like Indian Oil, Bharat Petroleum, Hindustan Petroleum etc. based on the international prices. So, when international crude oil prices gain, petrol prices in India increases and so on. If crude oil prices in the international markets drops, we see a down fall in daily petrol prices in India.
Factors affecting Today’s Petrol Prices In India
The difference in the prices of crude oil in the international market directly influences the price of crude oil (raw form of oil) in the domestic market and this is one of the most important factor responsible for an increase in the petrol prices in Indian market. Increase in international demand as well as low production rate and any political no rest in the crude oil producing countries of the world severely affects petrol price.
Increase in Demand – Economic growth in India and other developing countries has also led to the increase in demand for the petrol and other essential fuels in India. The number of people who own private vehicles has gone up in the recent past which has contributed to the increase in demand for petrol in India this has resulted in the rise in petrol prices in India.
Logistics – Logistics is one of the significant factors in pricing retail fuel. Petrol and diesel transported to longer distances to cities or regions farther from depots will be priced higher than the places nearer to the oil companies storage area. The reason behind the change in the prices of petrol in different cities across India. This difference may be huge between cities that are far from each other. The fear linked to the rise of petrol prices in India might be never ending.
Mismatch of Demand and Provided quantity – Oil refinery companies in India faces problem to meet the demands of the market due to the high cost of input price of crude oil thus resulting in low supply and high demand for petrol in the country. An increase in supply results in a decrease in the price of the petrol and vice versa. Oil refining and marketing companies maintains crude oil inventory up to six weeks, which also influences the price of the petrol and petroleum products.
Rate of Taxes – The prices of petrol and other petroleum products varies according to the local government policies which impose taxes on fuels. As and when the government of India raises tax rates on fuels then oil companies in India also increase the price of the petrol to recover the loss and maintain marginal profits in the oil business in India.
Rupee – Dollar Exchange Rates – The rupee-dollar exchange rate is also one of the major factors which influences the price of petrol in India. Indian oil companies pay to the oil imported from other countries in terms of dollars, but their costs are regarding rupee. So, when the price of the crude oil is in the fall but the rupee is also weaker against the dollar then it will reduce the profits to the oil refiners. So, when the rupee strengthens against the dollar and the price of the crude oil faces down fall, then most of the oil companies tend to gain alot.
Apart from this, the continued commitment of the producers to supply, amidst muted fuel demand has helped the fuel prices to scale up. The Organization of the Petroleum Exporting Countries (OPEC) and its member partner have their support for deeper oil supply cuts throughout 2021. The move was made to help bring down the swollen global crude stockpiles are increasing despite feeble oil demand.
Meanwhile, the demand in china for crude oil is helping to support the oil markets as shown by the industrial track.
Sini Shetty has taken over the headlines today after winning the crown of Miss India world
2022 last night. She was crowned by Manasa Varanasi, the former Miss India World. Sini
has managed to get a balance of passion and education in her life.
She has completed her B.com in accounting and Finance. Miss Shetty is currently pursuing CFA (Chartered Financial Analyst).
She has also been interested in dancing and completed her Arangetram
in Bharatanatyam just at 14. The 21- year- old describes herself as “industrious and
tenacious” with the ability to be empathetic and a hustler.” Sini Shetty was born in Mumbai
and represented Karnataka at the Miss India World Platform.
Miss India org posted a picture of Miss Shetty after she was crowned, congratulating her.
The caption read, “World – here she comes!
Sini Shetty has conquered our stage and taken over our hearts with her magnetism, charm,
endurance, and beauty! We’re so proud and can’t wait to see her represent India on the Miss
World stage!”
Sini Shetty’s first post on Instagram dates back to 2017. She often takes it up to her
Instagram to post her dance videos expressing her love for the art. Her dance videos are
mostly with choreographer and dancer Arunima Dey and Dharmik Samani. In one of her
posts, where she made a post on Bharatnatyam dance, Sini spoke about her journey with
the art. Sini said that she had loved dancing since the age of 4. It has been a source of joy to
her. She has learned Bharatanatyam from the legendary Padmini Radhakrishnan. Along with that she knew she wanted to pursue Classical Dance. She credits it to the art form of Bharatnatyam thatmImplanted in her a love for dance. She Spoke about completing her Arangetram in addition to the Bollywood-influenced Semi-Classical Qbob choreography that she performed.
Sini started putting the pictures of her photoshoot, collaboration, and work by 2019. She has
also been the face of the sugar brand for their lipstick. She was also a part of the Tvc for
Airtel India in 2020. Miss Shetty worked as a model for pantaloons in the same year. In the
years that followed Sini has worked for several brands.
She has kept her followers updated with her work through her Instagram. Ever since her journey started in Miss India, she has posted about her milestones Also she posted her pictures from Miss India Org on the 17th of June, captioned “A stepping stone, eye on the main crown.” She also added photos of Winning the Times Miss Body Beautiful and INFD Miss Talented
Sini has an older brother, Sikhin Shetty, who currently lives in the USA. He took it to his
Instagram by posting a story and congratulating his sister on her victory. He described it to
be a surreal feeling. Her parents, Sadanand Bhoja Shetty and Hema Shetty are the owners
of Sikhin Hotels. The hotel is situated in Thane and is named after their son. It was started in
the year 2015
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Vande Matram. That is what we Indians proudly believe in. As the nation celebrates it’s 75th independence today tomorrow we cannot forget the golden and glorious history we have. When the Indian Prime Minister Mr. Narendra Modi will hoist the tri-colour from the ramparts of the Red Fort then India will enter in the 76th year of its independence. Everyone waits for this day and we cannot forget the unsung heroes without which we could not have been here. Right from Rajguru, Tatya Tope, Lal, Bal, Pal, Bapu, Rani Laxmi Bai, Mangal Pandey, Subhash Chandra bose etc. we cannot forget them. Our nation is forever indebted to them. We as a nation have come a long way and a we need to progress a lot more.
Late PM Jawahar Lal Nehru, had talked about “Tryst with Destiny”. Today our nation is carrying that weight on their soldiers. Be it a sportsperson winning a medal in the olympics or a naval officer storming in the ocean, all of them are serving the nation. We are the nation that has never invaded any country in her last 100000 years of history. We feel proud because of that. In 2022 ISRO willattempt to send their cosmonauts to the moon. This is the India that our forefathers had mentioned. We feel blessed to be born in this sovereign, socialist, republic.
We proudly call India our home. Today’s India is like this:-
● India has the largest number of Post Offices in the world.
● The largest employer in India is the Indian Railways, employing over a million people.
● The world’s first university was established in Takshila in 700 BC. More than 10,500 students from all over the world studied more than 60 subjects. The University of Nalanda built in the 4th century was one of the greatest achievements of ancient India in the field of education.
● Ayurveda is the earliest school of medicine known to mankind. The Father of Medicine, Charaka, consolidated Ayurveda 2500 years ago. ● India was one of the richest countries till the time of British rule in the early 17th Century. Christopher Columbus, attracted by India’s wealth, had come looking for a sea route to India when he discovered America by mistake.
There are countless facts about India that will make us outshine other nations. We still have a long way to go. With us being still a farming nation we need to progress a lot. Our politicians are trying to divert us a lot. We need to look at the core issues. As a nation in 2020 do we need caste based politics or we want to progress. Why do we have to talk about roti, kapda, makan? Still A huge part of Indian population i.e. 190 million people sleep without food daily. This is the future we want to give or do we want something different.
The glorious aspects are there in a sense that we feel safe and secure. Cricket, football, our languages and culture are the things that bind us. We want affordable education for everyone. We want that farmers do not commit suicide. We should have the world class infrastructure. We as a nation are progressing in that sense. We will complete some major highways network by 2025. Our industries are flourishing.
We need better educational policies. We still are debating about temples and religions. Our constitution right from 26 November, 1949 promotes universal brotherhood and fraternity. Our country craves for such good things. The places where we need to come together and show to the world that yes Indians are a force to reckon with.
We need to start talking about better environmental policies, removal of the VIP culture, better education. Our tryst with destiny will actually happen if we start acting and never stop. Once an Indian forever an India. Jai Hind.
