Decoding the complete truth of high petrol prices and diesel prices in India. Why are petrol and diesel prices rising in India? In this video, we’ll discuss the cost structure of the reason for petrol price hike in India.
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Time Stamps
00:00 – Intro
1:19 – Cost Structure of Retail Oil Prices
1:41 – Base Price
5:55 – Freight Cost
6:14 – Dealer Commission
8:20 Excise Duty and VAT Over The Years
10:37 – Oil Bonds
About the Video
Petrol and diesel prices are reaching an all-time high and the prices are burning a hole in the common man’s pocket. The rise in fuel prices brings inflation everywhere like food, clothing, transport, and housing everything. Let’s discuss the complete truth of high petrol & diesel prices in India and the effects of high petrol prices. The video explains the cost structure of crude oil which includes freight charges, VAT, excise duty, and dealer commission and also talks about the functioning of oil bonds.
The increase in petrol and diesel prices can be attributed to a lot of factors such as the Russia Ukraine war, the fall in the value of the rupee to the dollar or the oil bonds purchased by the previous government. Let’s see how these factors have been responsible for the rise in petrol and diesel and fuel prices.
In this video, we’ll answer the following questions:
1. Why are petrol prices rising in India?
2. Cost structure of petrol in India?
3. What is sweet crude oil?
4. What is brent crude oil?
5. What are OPEC countries and their function?
6. Crude oil prices over the years.
7. What is freight cost?
8. What is dealer commission?
9. How does VAT affect petrol prices?
10. Price breakup of petrol in Delhi
11. How much tax do you pay for Rs 100 of petrol?
12. How does excise duty affect petrol prices in India?
13. Oil bonds in India.
14. Is Russia Ukraine War impacting oil prices in India?
15. Crude oil price in India.
16. The fuel price hike in India explained
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