Petrol Pricing and forex

8/13/2019 Petrol Pricing and forex

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Foreign Exchange Reserve: (RBI) March 2013: $294 Billion

Sept 2013: $275 Billion

Rapid outflow of FII No inflow of FDI

March 2013 : $1= 54.33

Today(9 oct, 2013): $1=61.89 Effects

Hike in Domestic Petrol Prices

Hike in inflation

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3Source: RBI.org.in


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Rank Country Apr-Mar 2012

Apr-

Mar 2013 %Growth %Share1 CHINA P RP 275,998.64 284,384.59 3.04 10.65

2 U ARAB EMTS 171,126.62 212,923.33 24.42 7.98

3 SAUDI ARAB 149,349.99 184,684.80 23.66 6.92

4 SWITZERLAND 155,126.43 174,511.85 12.50 6.54

5 U S A 117,293.31 137,238.59 17.00 5.14

6 IRAQ 90,651.51 104,596.36 15.38 3.92

7 KUWAIT 79,188.35 90,184.25 13.89 3.38

8 QATAR 61,895.48 85,457.78 38.07 3.209 INDONESIA 69,759.13 80,965.70 16.06 3.03

10 GERMANY 78,095.29 77,933.66 -0.21 2.92

Total 2,345,463.23 2,669,161.95 13.80 100.00

5Source: www.commerece.nic.in(ministry of commerce)
http://www.commerece.nic.in/http://www.commerece.nic.in/


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Rank Country Apr-Mar 2012 Apr-Mar 2013 %Growth %Share1 U ARAB EMTS 172,268.48 197,832.08 14.84 12.10

2 U S A 166,474.31 196,771.28 18.20 12.04

3 SINGAPORE 80,363.29 73,995.35 -7.92 4.53

4 CHINA P RP 87,669.37 73,772.71 -15.85 4.51

5 HONG KONG 61,877.23 66,898.17 8.11 4.09

6 NETHERLAND 43,913.77 57,380.34 30.67 3.51

7 SAUDI ARAB 27,208.20 53,244.76 95.69 3.26

TOTAL 1,465,959.38 1,634,318.83 11.48 100.00



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Import in Cr Rs

No. Commodity Apr- Mar 12 Apr- Mar 13 % Growth %Share

1Petroleum

(Crude Oil)

743,074.88

($120 Billion)

891,870.86

($145 Billion)

20.02 33.41

2 Gold269,900.71

($ 44 Billion)

292,146.29

($ 47 Billion)8.24 10.95

3 Others ($ 216 Billion) ($ 238 Billion) 55.64%

TOTAL

2,345,463.24

($ 380 Billion)

2,669,161.95

($ 431 Billion) 13.80 100.00



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Rank Commodity Apr-Mar 2012 Apr-Mar 2013 %Growth %Share

1 PETROLEUM267,914.83

($ 43 Billion)330,790.01

($ 53 Billion)23.47 20.24

2 GEMS & JEWELLARY 214,888.91 236,162.03 9.90 14.45

Total 1,465,959.39 1,634,318.83 11.48 100.00


Import in Cr Rs


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1 barrel = $110,(26 sept 2013), = 110*62= 6820rs

Highest =$118 (jan-feb,2013)

Lowest= $98 (April, 2013)

$147 on 11July 2008 and then $32 in december2008

Lowest $17(Jan 1999)

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1 barrel = $110, (26 sept 2013), = 110*62= 6820rs 1 barrel contains 42 gallons of oil and 1 gallon=

3.79 liters. So 1 barrel = 159 liters of crude oil

So 1 liter of crude oil= 6820/159=42.89=43rs

Taxes:

State Tax= Rs 20/lit

Central Taxes Custom Duty= 2.5%=Rs 1.22/lit

Excise Duty= 30%= Rs 14.78/lit

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City InternationalPrice

CentralTax

StateTax

Total

Mumbai Rs 43 Rs 18.8 Rs 21.3 Rs 83.1

Delhi Rs 43 Rs 20.2 Rs 16.7 Rs 79.9

Chennai Rs 43 Rs 19.1 Rs 20.8 Rs 82.9

Kolkata Rs 43 Rs 19 Rs 20.6 Rs 82.6

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2ndlargest commodity in import

No 1 Importer in Globe

20 tonnes more than China (China is major

producer also) Gold investment in India= Rs 58,725 Cr

as of Sept 2012

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Substitute for Petrol (Crude Oil): CNG islooked as best substitute for petrol.

Subsidy on petrol is lowered, however Diesel isstill subsidized to keep prices constant and to

control inflation. Sport Bikes and luxurious cars are heavily

taxed.(Excluding transport vehicles)

High tax on Gold (2% in Jan to 15% in Sept) Trying to keep gold prices constant

Diverting gold investment into industrialsector

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THANK YOU

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Petrol Pricing and forex