Petrol pricing

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<ul><li> 1. Manoj Shinde Abhijit Shetye Anand Daripkar Arun Singh1</li></ul> <p> 2. Foreign Exchange Reserve: (RBI) March 2013: $294 Billion Sept 2013: $275 BillionRapid 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 2 3. Source: RBI.org.in3 4. RankCountryFOREXDate01People's Republic of China3,515,738March 2013[2]2Japan1,254,033Jul 2013[2]Eurozone781,536Jul 2013[2]3Saudi Arabia688,431Jul 2013[3]4Switzerland516,705Jul 2013[2]5Russia512,834Jul 2013[2]7Brazil367,002Aug 2013[2]8Republic of Korea329,709Jul 2013[2]9Hong Kong303,582Jun 2013[2]10India275,57213 sept 2013[2] 4 5. RankCountryAprMar 2012AprMar 2013%Growth%Share1CHINA P RP275,998.64284,384.593.0410.652U ARAB EMTS171,126.62212,923.3324.427.983SAUDI ARAB149,349.99184,684.8023.666.924SWITZERLAND155,126.43174,511.8512.506.545USA117,293.31137,238.5917.005.146IRAQ90,651.51104,596.3615.383.927KUWAIT79,188.3590,184.2513.893.388QATAR61,895.4885,457.7838.073.209INDONESIA69,759.1380,965.7016.063.0310GERMANY78,095.2977,933.66-0.212.9213.80100.00Total2,345,463.23 2,669,161.95Source: www.commerece.nic.in (ministry of commerce)5 6. RankCountryApr-Mar 2012Apr-Mar 2013%Growth%Share1U ARAB EMTS172,268.48197,832.0814.8412.102USA166,474.31196,771.2818.2012.043SINGAPORE80,363.2973,995.35-7.924.534CHINA P RP87,669.3773,772.71-15.854.515HONG KONG61,877.2366,898.178.114.096NETHERLAND43,913.7757,380.3430.673.517SAUDI ARAB27,208.2053,244.7695.693.261,465,959.381,634,318.8311.48100.00TOTALSource: www.commerece.nic.in (ministry of commerce)6 7. Import in Cr Rs No.CommodityApr- Mar 12Apr- Mar 13% Growth%Share1Petroleum (Crude Oil)743,074.88 ($120 Billion)891,870.86 ($145 Billion)20.0233.412Gold269,900.71 ($ 44 Billion)292,146.29 ($ 47 Billion)8.2410.953Others($ 216 Billion)($ 238 Billion)TOTAL2,345,463.24 2,669,161.95 ($ 380 Billion) ($ 431 Billion)55.64%13.80Source: www.commerece.nic.in (ministry of commerce)100.007 8. Import in Cr RsRankCommodityApr-Mar 2012Apr-Mar 2013%Growth%Share1PETROLEUM267,914.83 ($ 43 Billion)330,790.01 ($ 53 Billion)23.4720.242GEMS &amp; JEWELLARY214,888.91236,162.039.9014.45Total1,465,959.391,634,318.8311.48100.00Source: www.commerece.nic.in (ministry of commerce)8 9. 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 december 2008 Lowest $17(Jan 1999)9 10. 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/lit10 11. CityInternational PriceCentral TaxState TaxTotalMumbaiRs 43Rs 18.8Rs 21.3Rs 83.1DelhiRs 43Rs 20.2Rs 16.7Rs 79.9ChennaiRs 43Rs 19.1Rs 20.8Rs 82.9KolkataRs 43Rs 19Rs 20.6Rs 82.611 12. 12 13. 2nd largest 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 201213 14. Decided by group of bankers in London, twice a day International price: Q4, FY12= $1674/ounce Q4, FY13= $ 632/ ounce Oct 9, 2013= $ 1305/ ounce 1 ounce = 28.35 gm So 28.35 gram=$1305*62=Rs 80000/Tax 15 %, 28.35 gram=Rs 93,000/10 gram = Rs 32000 /14 15. 15 16. 16 17. Gold Import: 2012-13= 8oo tonnes ($47 Billions, estimated was $ 36 Billion) 2013-14( estimated)= 725 tonnes Q2, FY 13 = 310 tonnes ($ 18.2 Billion) (10 yrs highest) Q3, FY 13= 135 tonnes ($ 8 Billion) Gold Tax: Jan 2013=2% to 6% June5, 2013= 8% Aug, 2013= 10% Today = 15% 17 18. Substitute for Petrol (Crude Oil): CNG is looked as best substitute for petrol. Subsidy on petrol is lowered, however Diesel is still 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 industrial sector 18 19. 19 20. 20 21. THANK YOU21</p>