petrol and diesel prices deregulated in india | ajithprasad
TRANSCRIPT
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
1/16
Search...
Tweet 0 0
Automotive
Cricket
Financial
Food
Humour
Politics
Retro
Reviews
Social
Technology
Travel
Search
ajithprasad.com
Ajith Prasad Edassery's blog Reloaded
HomeAbout
Archives
Contact
RSS
Petrol and Diesel prices deregulated in India
26 Jun
69 SendLike
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
1 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
2/16
Yesterday, the Government of India has taken a bold decision to deregulate petrol and diesel(partially) prices in India and also come up with a price hike.
As usual the vote bank politicians on the UPA
alliance, opposition leaders and the left have voiced their protest. They claim that they are with the
people of India and whole lot of other crap. Two of the most politically spoiled states in India The
West Bengal and Kerala have readily jumped on to celebrate the situation with a Hartal (strike).But do they even know how pampered the people of India already are how much they are misusing
one of the most limited natural resources such as petrol (LPG and diesel as well)?
What does deregulation means?
Decontrolling or deregulating the petrol prices mean that, the government will no longer be
subsidizing petrol prices and the prices will be purely linked to the international crude prices. In
the case of diesel, though, it will be only partially regulated the reason being an attempt to avoid
sudden spike in inflation.
Why should Petrol cost more?
As all of us know, petrol (or Gasoline) is produced out of crude oil which is a natural resource thats
available in limited quantity. It is a matter of a few years before the crude gets totally exhausted.
Although, there have been several crude discoveries in India, we are still dependent on the OPEC
(Oil Producing and Exporting Countries) to import crude and refine it to produce petrol, LPG,
diesel, aviation fuel, kerosene etc.
Petrol production cost
As of today (26 June 2010), the crude oil costs $79 a barrel (159 Litres). Since this has to betransported to India via the marine root, there is a shipping cost. Lets say its something like 10%.
Since the import duty on crude oil was waived sometime back, let us not count that part. Hence by
the time the crude arrives in India, it is already costing something like $85 per 159L.
So the petrol refining calculation goes as follows:
Cost of 1 barrel crude: $85 or Rs. 3910.00 (exchange rate of 46)Quantity of petrol produced from 1 barrel crude: 72L (45.4%)
Since almost 100% of the crude is refined into some product or other, we can calculate the rawmaterial cost of producing 72L or petrol as 45.4% of the price of crude barrel.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
2 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
3/16
Hence 72L petrols material cost alone is 3910 * 45.4 / 100 = Rs. 1775.00
Raw material cost of 1L of Petrol = 1775.00 / 72 = ~25 rupees
Obviously, the raw materials alone do not contribute to a product. You need electric power,
thousands of paid employees, machinery, maintenance etc to finally produce petrol. So finally when
its of consumable form, it is costing around 30 rupees in the oil refining spot itself.
Taxes, marketing and distribution cost
The following are the other additional expense before you can consume the petrol at your favorite
gas station:
Excise duty
Education tax
VAT
Distribution and transportation cost
Dealer commission
As I understand, all the above added up comes to around 27 rupees per litre of petrol the majority of
the cost is towards excise duty, transportation cost and VAT (Isnt it a pity you have to spend more
petrol or diesel to distribute petrol?)
Essentially, one litre of petrol, by the time it reaches the petrol filling stations, is costing you already
Rs. 57/- without any profit added to the petroleum marketing companies. Obviously most of these
companies are state run companies and hence cannot afford to reap 100% profit. Lets turn our back
on them and tell them that you can make say 20% profit. And if you add that your 1L ofpetrolshould actually cost you around Rs. 68/-
Now, arent you really lucky that its available below Rs.60/- even with the latest hike in petrolprices?
Subsidy woes
The story is not over yet. One needs to do similar calculations for other products such as diesel,
aviation fuel, kerosene and LPG. Unfortunately diesel is the primary thing that fuel public transport
and distribution system in India and kerosene LPG are house hold lifesavers when it comes to
cooking purposes. In order to curb the inflation and protect the below poverty line people, the
government has to subsidize it big time. A part of this subsidy cost is absorbed by the governmentwhile the oil marketing companies bear the other half. This puts some pressure on the government
to increase taxes on luxury consumption sectors such as airlines by increasing aviation or jet fuel
prices. They are also taxed heavily which is mainly borne by the rich or upper middle class people
in India.
Why deregulation of petrol prices is good?
The deregulation of petrol prices will definitely increase the rate of inflation in short term. Virtually
there will be immediate price rise in commodities and other consumables. However, for long term
I think it is a good move because at the end it will definitely reduce our long term debt and fiscaldeficit. Our overall economy will get stabler in this case.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
3 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
4/16
Secondly, this measure will be a boost to the oil producing and marketing companies to recovertheir losses immediately. Remember, lakhs of people work in these huge companies and they need a
life too. Moreover, the government run oil companies will be candidates for disinvestment whichmeans that the government can lower their fiscal deficits further with additional income.
The other advantage is that the inflation, at the moment, is a fake figure. You will get to know the
actual inflation and variation of commodity prices only when the petrol prices move according tothe international crude prices.
This will also bring in big private players (e.g. Reliance) into the petrol marketing game.Remember that companies like Shell and Reliance used to provide excellent quality of petrol and
service until Reliance pumps were forced to close down due to government regulations. This kind of
competition will eventually bring in good service, good quality and in the future competitive
pricing as well. The immediate woes will be compensated in the mid term thats my strong belief.
The government, in the meantime, should try to reduce the excise duties and restructure the VAT to
minimize the impact of immediate fuel price rise on inflation and the poor people.
Long term solutions to curb petrol prices
In the long term, there are several viable solutions that needs to be done from the sourcing point to
distribution and consumption.
There are possibilities ofunder sea pipes (just like the one we were planning with Iran for gassourcing) from the vendor nation to India to reduce shipping cost. This has a very good long term
positive impact though initial cost of incorporation is high.
The oil refining companies sourcing and storing mechanism needs to be optimized in a way thatwhen the crude prices are low, we are able to store more. I am not sure, how much of optimization is
done in this regard. Since we keep getting new and new governments every few years, they may not
go for a long term plan for the same. Please remember that not too long back, the crude prices were
at $35 or so per barrel.
There is a scope for improving the internal distribution system as well. Though, India has a huge
geographical region, we can still have oil distribution pipes from refineries directly to the regional
distribution centers. This needs long term planning.
Final thoughts
I think our citizens (and even people from rest of the world) are misusing petroleum products and
this kind of abuse needs to be first controlled via price hikes and then by introducing alternateenergy options and technologies to optimize the usage. There is a lot of scope for India to take outthose old, fuel inefficient vehicles from our roads. I think the taxation needs to be restructured
so that people and families who own more than one vehicle should be taxed more. There can be
several other long term steps to improve the overall situation but please remember that at the end of
it the petrol will anyhow get exhausted.
And a request to our great politicians who always oppose what the government is trying to
implement. If you are really with the people of India, please come up with real practical
suggestions to improve the situation. It wouldnt be too long before you will be stone-pelt by the
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
4 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
5/16
younger generation for preventing them an opportunity to live in a developed country by 2020.
And my questions to my friends (not the poor) who are earning in thousands and lakhs. How dareyou crib about a three rupees rise in petrol while you still prefer to drive to office alone in a 5,
10 or 15 lakh car?. More over I havent seen you cribbing while spending 1000 rupees for a dinneror while buying a shirt worth 1500 rupees.
Think long term friends!
Search below for up to 40% Discount deals on Books, Mobiles and Music CDs in India. FreeHome Delivery!
All Categories Search
Comments 33 Comments
Categories Politics
Author Ajith
33 Responses to Petrol and Diesel prices deregulated in India
Jagadish K 30. Jun, 2010 at 8:50 am #
Hi Ajith,
This blog is really a very informative about deregualtion in fuel prices in India.
keep posting such article,
Thank You,
Jagadish K
Reply
Ajith 30. Jun, 2010 at 11:39 am #
@Jagadish, thank you very much for your compliments. As you know, the IT people
have relatively less time for activities like blogging. But I keep it a point to blog aboutthings I like, as time permits.
Thank you for your readership.
Reply
1.
Saurabh 30. Jun, 2010 at 10:44 pm #
Nice post. I am just curious about how they would be deciding the petrol price? If petrol priceis purely based on market, then how many times would it fluctuate in a day/ or in a week?
2.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
5 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
6/16
Any idea?
Reply
Ajith 30. Jun, 2010 at 11:40 pm #
@Saurabh, thank you for your comment.
Its a good question. In my opinion, Indian oil marketers shouldnt change the crude
linked petrol prices the way they do it in the US (where it can even change three or four
times a day). Indian companies should adopt a common strategy of revising it every
fortnight or so. Anyhow, there will not be huge fluctuation in prices everyday unless
theres a disastrous news breaks or something like that. Also, predictions like the one
by Forecasts.org crude forecast can be taken as an indicator for the frequency of
change.
Reply
Neha Jassal 01. Jul, 2010 at 5:08 pm #
Good information ajith
Thanks.
Reply
Ajith 01. Jul, 2010 at 11:44 pm #
@Neha, you are welcome.
Reply
3.
Prajwal 03. Jul, 2010 at 6:11 pm #
Very well done Ajith, you covered this topic without leaving any questions behind, was
informative and interesting keep up the good work cheers Prajwal
Reply
Ajith 04. Jul, 2010 at 11:20 am #
Thank you very much Prajwal for your comment.
Reply
4.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
6 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
7/16
sarika 03. Jul, 2010 at 6:23 pm #
Hi Ajith,
I was trying to figure out the implications of deregualtion on the economy and your article isindeed very useful. Though Im not complaining about the hike in the larger interest economy,
I am certainly concerned about people who do not earn more than a few thousands a month.
How do you think will they cope up with this sudden rise. Do you think there could be some
other way to keep at least prices of essential commodities down, other that lowering the tax
rate as suggested in your article.
Reply
Ajith 04. Jul, 2010 at 11:25 am #
@Sarika, there are two main linked issues related to the fuel price hikes. Immediate
commodity price increase and then transportation (persona & public). In both cases,
theres no immediate fix unless the govt decides to go down on the excise/VAT
structure. However, in the long run I hope to get these things solved as the government
fiscal deficit is coming down big time. You saw recently that the 3G auction brought in
70 thousand crores :) and thats good for the country in the long run.
By the way, I am not an economist nor do I understand macro economic factors very
well Its purely my views based on my limited knowledge but I have the believe that
India 2020 plan is right on course.
Reply
5.
sarika 05. Jul, 2010 at 11:17 am #
Thanks again. I just heard Arun Jaitley defending their stand of calling a bandh, stating that
even when they were in power, deregualtion was proposed, but the global petrol prices were
not as high as they are now. So taking this step now when the global petrol prices are already
sky rocketting, is a hard blow on the common man. Im not an economist either :-), butgenerally interested in such topics, since we are the ones directly affected. Thank you for all
the information provided on this topic.
Regards,
Sarika
Reply
6.
Bikram 20. Jul, 2010 at 7:25 am #7.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
7 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
8/16
Excellent information provided on Degularisation of Liquid gold in India.
Thanks a lot Ajith.
its a eye opener for naive hypothetical politicians who dnt give a shit for India.
Reply
Gayatri 21. Jul, 2010 at 11:50 am #
Hi.. was going through your blog while trying to get the cost of production for refined
products from crude. Can you please tell me the source from where you got the cost of
production of petrol. Will be very useful! thanks!
Reply
8.
Ajith 21. Jul, 2010 at 1:26 pm #
Thanks Sarika, Bikram and Gayatri for your comments.
@Gayatri,
The following is how they actually calculate the price.
The basic price of petrol component of crude is currently priced Rs. 23 (Which ideally should
be Rs.25/- based on international crude prices as I mentioned). Every other part is calculated
on this basic price.
In union budget 2010, both excise and custom duty on petrol were hiked (Notification:
http://indiabudget.nic.in/ub2010-11/bs/speecha.htm) and this caused petrol excise duty to go
up to Rs.14.35 and custom duty to Rs. 1.73 (7.5% of basic). The govt also proposed to restore
the 5% import duty on crud (This part I am not sure if it was implemented, as I mentioned in
the post)
Hence
Basic price: 23.00 (govt fixed)
Excise duty: 14.35 (earlier it was 13.35)
Edu cess: 0.43 (3% of excise duty)
Custom duty petrol: 1.73 (7.5% of basic)
* Custom duty crude: 1.15 (5% of basic)
VAT: ~7.00 (Varies between 22% and 35% from state to state, assuming 30%. Income for
state govts)
Dealer commission: 1.05 (fixed long back)
Transportation charges: 6-8 rupees per litre (as I read in various forums/news paper archives)
The total is around 56 at the current base price and around 59 at a base price linked to the
current crude price. Add 20% margin as I mentioned in the post and shipping cost :) to get the
actual spend.
9.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
8 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
9/16
However, as I suggested, by restructuring the state VAT and by reducing excise duty, it is
possible to bring it down to 50 or so. At the same time, one has to think that, we are paying
for a natural resource thats in limited stocks and fully imported. Lowering the price will
increase consumption and subsequently cost/import spending of the government. There has to
be a balancing act, at the end.
Reply
Durgesh 30. Nov, 2010 at 4:54 pm #
Thanks for such useful information. Actually I didnt know about all this but you cleared it to
me. Once again thank you! And I also belong to the IT industry and know how much time we
could use for such things like blogging etc.
Reply
Ajith 03. Jan, 2011 at 2:49 pm #
@Durgesh, thank you for stopping by and commenting. Yes, we could always spend a
little extra time to spread awareness and thoughts on topics that matter, couldnt we? :)
Reply
10.
Nitin Sharma 03. Jan, 2011 at 1:04 am #
A very good artical. But I have only few comments over this
The author says that no profit to OMC while the subsidy was there.
Offcourse OMC were selling at lower cost then production on petrol and diesel, But they are
getting the financial recovery by GOI and Upstream companies (ONGC and OIL).
The under recoveries on petrol and diesel is just 1% of the total revenue GOI is getting from
petroleum products.
Another thing is that, If u see the finalcial statemets of OMC, they were not running on loss as
the final figure. They were making huge profit on other refining streams.
They offcourse have the refining marging on petrol and diesel. Then they have marketingmarging.
I dont understand if say IOCL, which has the refineries and also a marketing company, why
are they keeping marging at two different stages( one at refiney gate and another as marketing
margin) for the same product and from the same company.
And we say about the salary of the workers working in OMC. They get more then the average
salary from most of the other pvt compaies.
I dont agree with the statments by the official like Burdan of recoveries . Come on, its jsut
the 1% of the total tax revenue over the petroleum perducts. Cant GOI bear that, instead of
passing the same to common man.
11.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
9 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
10/16
At last, I agree that the price deregulation is a good step and the prices should by market
determinent for any commodiy to make a competative market.
But the GOI should look into its tax structure on petroleum product and revise the same.
Reply
Ajith 03. Jan, 2011 at 2:55 pm #
@Nitin, thank you very much for your value adding comment. I really appreciate it.
In my opinion, despite the financial aid from upstream companies and GoI, these
publicly listed oil companies are having a combined debt of 1 lakh crore (BPCL 22
thouand crores, HPCL ~25,000 crore and IOC 45K cores). As a listed company, they
have to clean up the mess and the government has to support that cause. The
Government has to play a balancing act here and I totally agree with you on that by
reducing the cess factor a bit. However, that shouldnt be so entertaining that theconsumption goes up. As I maintained, for a limited supply of natural product such as
petrol, everyone has to pay a price, at the end.
cheers,
Ajith
Reply
CallMeWhatWant 20. Jan, 2011 at 10:43 pm #
Hmm..I would have had respect for your article if not for the last paragraph(how dare
you..blah blah) where you took out all your frustration albeit couched in concern for our long
term debt and fiscal deficit. And man, enough of this holier than thou and doing your bit
crap. We all know why ppl blog :)
All that said, I must give credit to your calc(I trust it to be accurate) although I am sure you
have taken a very simplistic view of the whole thing. While talking about long term govt
measures, you seemed to have missed out stuff like improving the public transport system.
Acknowledged we have something in place but is it good enough for ppl like me who spend
5k on a shirt(that is none of anyones bloody business btw i choose where to spend my
money).And as a tax paying(agreed not by choice thanks to TDS) citizen, I see nothing wrong in
expecting more from my govt. Let not my govt keep talking about their helplessness on the
crude prices front let my govt do some out of the barrel thinking and reduce my burden
on this front i have every right to expect more!!
Reply
Ajith 23. Jan, 2011 at 10:35 pm #
Your Excellency,
12.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
10 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
11/16
Since you havent provided any name, I should call you that with utmost respect. If the
current system is not good enough for you and you dont even want to pay the taxes
willingly, you dont anyhow deserve to be part of this country. I guess, esteemed people
like you should have been born in the US or somewhere.
And by the way, its my blog and I will write whatever I want. And about this comment
We all know why ppl blog:) It would be great if you can elaborate on that? I blogbecause I want to express my views to the public. Do you have any other definition of
the blog?
Reply
G. Shiva Shankar 24. Mar, 2011 at 10:28 pm #
This is awesome.
I am thankful to you Mr.Ajith
good job.keep it up..
Reply
13.
Manu 26. Apr, 2011 at 10:29 am #
Excellent Article dude..I was trying to calculate the same.Very informative.
Reply
14.
Arun 26. Apr, 2011 at 10:45 am #
Hi Ajith,
So the basic question is whether most Indians are willing to shell out more money to buy the
fuels ?. I will giv you the answer and that is No. I bet you are not surprised. Sadly it has
been a unfortunate characteristic of most of the Indians to focus on shot term goals that can
hav negative impact on our future rather than long term benefits. This is a common trait from
a constable on the streets to cabinet minister. We will not be able to kick out the habit
internally. I think there will be a bleak future when this oil firms will suffer bankruptcy and
will be unable to buy the oil. The govt may hav to dip into its foreign reserves too much for
buyin the oil. And it will find itself in catch 22 situation whether to fund oil subsidies or to
fund food subsidies. I did not arrive at the conclusion by watching armaggedon Hollywood
movies. I arrived at this conclusion by studying our history carefully . Remember the 1990s
when the govt had to surrender its gold bullion to pay of the debt. We only had foreign
reserves to last two weeks. That was the kick in the ass situation. It took this humiliating
incident to our respected ever sleeping politicians to liberalize the economy and push the
country to the path of development. We hv only ourselves to blame for this timid we will
only react when we are cornered attitude. I will pray that this time it will not be too late for
our nation to gain its sense.
15.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
11 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
12/16
I dont know whether to congratulate or sympathize a man who has come to his senses
somebody famous forgot his name ;-)
Reply
Ameer Mawia 29. Sep, 2011 at 11:21 pm #
Awesome Reading to say in the most terse manner.Very Informative and to the point.And on
the top of that, very pragmatic stand taken on the issue concerned,which I guess, most people
either dare not take or dont have that intellect to comprehend the long term need and goal of
the country.
Reply
16.
Nitin 30. Sep, 2011 at 9:28 pm #
Mr. ajit thanks for the detail study. My one basic question is why we get brent crude which
costs around 105 usd(average) as against 83 usd of Nymex crude. Can any body has the
answer?
Reply
17.
Idris 04. Oct, 2011 at 11:47 am #
Very nice article.
My suggestion is that government should identify alternate source of income and reduce the
excise duty and VAT on petrol(diesel). Because the crude price will keep on going up and
unless Gov take some long term measures,Petrol will be as costly as Gold.
Also, Electric Cars can be a great boon for India (As We dont need very high speeds and the
distance to be traveled is usually under 100 KM/day which electric cars are capable without
recharge.) , Government should promote Auto companies making electric cars and should
give them subsidies.
-Idris
Reply
18.
Vijay 02. Nov, 2011 at 1:24 pm #
Dear Ajith,
Appreciate your effort in analysing this imp issue. However, what I fail to understand is that
why should there be any under recoveries. As we know the cost of petroleum products areheavily taxed which increases the selling price and GOI provides subsidies on the increased
19.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
12 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
13/16
price (post tax). Cant the GOi reduce taxes on crude and refining products to lower the actual
cost?
Reply
Ajith 08. Nov, 2011 at 3:21 pm #
Vijay,
Thanks for your comments. As I mentioned in my closure remarks, reducing the VAT
and taxes is the short term fix. However, we have not control over the international
parameters right?
For example, at the time of publishing this post, the crude price was $79 and USD-INR
value at 46. Now (Nov 08, 2011), the former is $109 and USD-INR hovering around
50. So the raw material (before its shipped to India) price itself has increased by FLAT
50% percent. i.e. (79 x 46) to (109 x 50) but the retail prices were not completely raised
by that percentage yet. So the government has tried to do something, so are the stategovernments. However, as you rightly said some amount of short term measures can be
done to bring the price down to 60s. Beyond that would be really bad for all (because
the consumption might increase as well)
Its a very funny economic problem to solve whereby the resources are not produced in
India and in the international market itself, the supply is limited :)
Reply
Shailendra 11. Nov, 2011 at 1:29 pm #
In the story above, you mention,
Although, there have been several crude discoveries in India, we are still dependent on the
OPEC (Oil Producing and Exporting Countries) to import crude and refine it to produce
petrol, LPG, diesel, aviation fuel, kerosene etc.
I wonder why can we need to import crude when it is available locally
Reply
20.
Statsvak 31. Jan, 2012 at 11:49 am #
Hello Ajith,
Thanks for the info. Our blog entry has your blog link.
http://statsvak.blogspot.in/2012/01/from-crude-oil-to-petrol-bunk.html
Comments requested
Reply
21.
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
13 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
14/16
anand paul 16. Feb, 2012 at 12:41 am #
very well documented ad explained .language was used is lucid and at the same time
informative.
nice one !!!
Reply
22.
Shago 02. Mar, 2012 at 10:32 pm #
Why dont express your views on diesel price deregulation also?
Reply
23.
Trackbacks and Pingbacks
The Oil Impact | Sententia - 20. Feb, 2011
[...] in my research I have found an interesting blog from Ajith where he had discussed Why
deregulation is good in long-term, few long-term solutions to curb [...]
1.
Leave a Reply
Name (Required)
E-mail (Required)
Website
Submit Comment
Notify me of followup comments via e-mail
Social Love
If you like what you read on this blog, Please Click the relevant buttons below:
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
14 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
15/16
Tweet 0 1
Subscribe to Updates
Enter your email address:
Subscribe
Best Sellers in India
Over 10 million books at 40% OFF. Free Home Delivery all over India!
Recent Posts
Ultimate Summer Drink Watermelon Chilli Punch!
Sachin Tendulkar Should Retire Now!
Chicken Grilled Indian Style
Flipkart Review
Social Sites in India and the Censorship Row
How to Make a Mountain Out of a Molehill? The NDTV Style!
RangDe.org Make your Social Investment Today
It Happens Only In India
10 Yesteryear Indian Brands that I am emotionally attached to
Corruption in India It starts with YOU!
Tag Cloud
anil kumbleAustraliaautomobileautomobile sectorbangladeshbcciCricketcricket world cupdhoniengland
HondaiccIndiaindian cricketindian premier leagueinvestmentiplKevin Pietersenlalit modimohalimutual fundsnew zealandpace bowlerspakistanpakistan cricketpersonal financerahul dravid
recipereviewroad testSachin Tendulkarselection committesoftwaresourav gangulySouth
Africasreesanthsri lankastockssub-continentterrorismtest crickettest drivetest series
twenty 20twenty 20 world cup
Recent Comments
Deepak on Passport Seva Kendra Exceptional Service Quality
Ajith on 10 Yesteryear Indian Brands that I am emotionally attached to
Ajith on Passport Seva Kendra Exceptional Service Quality
Rituraj on Passport Seva Kendra Exceptional Service Quality
Neil on 10 Yesteryear Indian Brands that I am emotionally attached to
jey on Passport Seva Kendra Exceptional Service Quality
2007-2012 ajithprasad.com. All Rights Reserved. Sitemap
17 SendLike
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
15 of 16 16/03/12 6:16 PM
-
8/2/2019 Petrol and Diesel Prices Deregulated in India | Ajithprasad
16/16
Powered by Wordpress. Designed by
Petrol and Diesel prices deregulated in India | ajithprasad.com http://ajithprasad.com/petrol-diesel-prices-deregulated-india/
16 of 16 16/03/12 6:16 PM