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Crude oil price in India

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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.

PERSONALITY OF JAMMU, INDIA NAME: Sahaj Sabharwal Sahaj Sabharwal, a young writer and an author was born on 17th March, 2002. He lives in Jammu city, Jammu and Kashmir, India. He has completed his schooling from Delhi Public School Jammu as a Non-Medical student. Now he is a student of Aeronautical Engineering. His hobbies includes writing thoughts, listening to music, discovering new things, exploring the world, writing and singing rap songs to mention but a few. He has been awarded many awards in poetry writing at State level, National level and International level. He mostly writes motivational thoughts and on topics related to social issues for spreading awareness among the people. His writings are regularly published in many newspapers, magazines, websites, anthologies and other media platforms. According to him, " Be You No need to update your view On society's new view " His aim in life is to invent/discover something new as a Scientist or Researcher. He wants to do something new, which is done by a few. He is an inspiration of his own. He is a successful author of the BOOK -: "Poems By Sahaj Sabharwal " Contact-: sahajsabharwal12345@gmail.com Mobile -: +917780977469 Instagram-: @sahajsabharwal & @sahajsabharwalwriting Facebook-: Sahaj Sabharwal - Writer Twitter-: Sahaj_Sabharwal

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INDIA AT 75 YEARS OF IT’S INDEPENDENCE

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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.

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The Biggest Revolution

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When we talk about the biggest revolution, most people think about the different revolution coded by their colour as for example, the green revolution, the white revolution, the pink revolution, etc. Some also might think about the Russian revolution or the Iranian revolution. But according to us, these revolutions are nothing as compared to the modern day Digital revolution. It has completely changed the way we live our life, and as for me Digital revolution could be considered as the biggest revolution in the history of human civilisation.

INTRODUCTION OF COMPUTER

Rajiv Gandhi, also known as the ‘Father of Information Technology and Telecom Revolution of India’ was the man who introduced computer in India. His introduction was followed by a series of riots, as people thought that bringing computer to the country will make everything automated, and thus will cause loss of jobs. Well, now it surely proves that he had a great vision for the country and that he knew that the computer was the only way to help in the development of the country.

AUTOMATION OF MACHINES

Factories all over India, now mostly have computers operating them with minimum staffs operating the machines, which made people believe that computer education is a must as it increased jobs opportunity, reduced the cost of machine repairing, and also thus helping in the development of the country. It has also helped in less error occurrences that might occur when in the hands of the human beings. Reduced labour charge because of reduced use of human hands has also caused in the reduced cost of production of products, thus reducing the selling price of products and even helping the company in targetting customers with lower income potentials.

DEVELOPMENT IN HEALTH SERVICES

An important field computers impacted on is the medical field. The computers helped the hospitals out very much. In pharmacies, the pharmacists use computers to keep a record of what medication to give to a patient and the amount they need. Most computers in the hospital are used to keep data of patience and their status. Computers also keep track of equipment placement and status as well. Scientists need the help of computers to find cures for diseases that need cures like cancer and STDs. Without the computers help, cures for a lot of diseases wouldn’t have been found. Computer helped the medical area a lot and we are grateful for that since they keep track of our health.

CONNECTING WITH FRIENDS AND RELATIVES

The telecom revolution also added up to the development of the country by helping people to connect with their friends and relatives over thousands of kilometres. Applications like Facebook, Instagram, Whatsapp, has helped people to stay connected with their loved ones. Video calling used widely after the development of the 4G connection in India has made people in believing that distance has nothing to do with bonding. Upcoming 5G connection in India will provide even faster internet connection over time, video calling in the upcoming future telecommunication upgrade can make the people to be seen life like whilst in a video call.

HELP IN THE CORONA PANDEMIC

The corona pandemic has surely destroyed the daily routine of people, but even after that, the digital revolution made sure that our daily is not left behind whilst fighting the pandemic. Offline classes were changed to online with teacher teaching their students with the help of a presented screen. Private companies made their employees to work from home. People attended conferences with other people staying thousands of kilometres away whilst enjoying their morning coffee. Frustrating Monday mornings were not frustrating anymore, as people need not get up early in the morning, do the daily chores and rush for the metro, instead they could just wake up and instantly start attending the meeting.

5G CONNECTION NEWS

CEO of Jio, Mukesh Ambani has till now confirmed that “5G connection would be available to use by the mid 2021”, not before that. But, even then it will not be available for everyone to be used by people door to door. It could be available for use for everyone in India from door to door, only after 2022 January. So, buying 5g phone will not be recommendable if you are not living in Mumbai, Delhi, Kolkata, or Chennai. Airtel recently tested it’s 5g network in Hyderabad using the 1.8GHz band. Airtel CEO, Gopal Vittal believes that a true 5G experience is possible only after the government allocates mid-band spectrum (2.2-3.7 GHz) for the new networks, which hasn’t happened yet. Once, the necessary spectrum is available, Airtel believes it’s networks can deliver 10 times higher speeds while reducing latency 10 times.

In simple words, Digital revolution has played a major role in the development of the country throughout. It has not only introduced major job opportunities, but has also reduced the workload from the workers and has also helped people to stay connected from a thousand kilometres. Leaving these, there might be a thousand which we might have forget to mention.

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