# Petrol, Diesal And Dollar

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Information about Petrol, Diesal And Dollar

Published on February 3, 2009

Author: divinvarghese

Source: slideshare.net

## Description

Relationship among three

Petrol, diesal and dollar By Prof.Augustin Amaladas M.Com., AICWA., PGDFM.,B.Ed.

History #Crude oil cost in July to August 2008-\$140 range #1US dollar was equal to Rs.42(Approximately) #1 barrel crude Oil = 190 litres. # with 1 barrel of crude oil companies can produce 28-29 litres of petrol and 85 litres of diesal(Approximately) Normal loss =190-29-85 =76 litres

#Crude oil cost in July to August 2008-\$140 range

#1US dollar was equal to Rs.42(Approximately)

#1 barrel crude Oil = 190 litres.

# with 1 barrel of crude oil companies can produce 28-29 litres of petrol and 85 litres of diesal(Approximately)

Normal loss =190-29-85 =76 litres

Calculation in Indian Rupee 1 barrel costed the country in August Rs.5880 (\$140 x Rs.42) Refinery charges etc. 1 litre of petrol costs about Rs.11 and diesel Rs.13.

1 barrel costed the country in August Rs.5880 (\$140 x Rs.42)

Refinery charges etc.

1 litre of petrol costs about Rs.11 and diesel Rs.13.

New market trends December 2008 price-\$38 per barrel 1\$ = Rs.50 Total costs =Rs.1900 Share of costs based on current sale value 50 x 28 :35 x85 1400:2975 Petrol costs Rs.608 and diesel costs Rs.1292 Cost per litre of petrol Rs.21.71; diesel Rs.15.2 Levis on petrol and margin of dealer (50%) Rs.10.85 and on diesel Rs.7.6 per litre

December 2008 price-\$38 per barrel

1\$ = Rs.50

Total costs =Rs.1900

Share of costs based on current sale value

50 x 28 :35 x85 1400:2975

Petrol costs Rs.608 and diesel costs Rs.1292

Cost per litre of petrol Rs.21.71; diesel Rs.15.2

Levis on petrol and margin of dealer (50%) Rs.10.85 and on diesel Rs.7.6 per litre

Price can be fixed by government Petrol Rs.21.71 + Rs.10.85=Rs.32.56 Diesel Rs.15.2 +Rs.7.6=Rs.22.8 Why government is reluctant to fix at this price?

Petrol Rs.21.71 + Rs.10.85=Rs.32.56

Diesel Rs.15.2 +Rs.7.6=Rs.22.8

Why government is reluctant to fix at this price?

Reasons 1. When economy is not doing well according to Keyn’s theory the Government has to spend on infra structure so that it can revive the economy. In order to spend government require money. All the industries are not working well. Income from such sources are already reduced.If collection from petrol and diesel are reduced the inflow of cash to government will be reduced.

1. When economy is not doing well according to Keyn’s theory the Government has to spend on infra structure so that it can revive the economy. In order to spend government require money. All the industries are not working well. Income from such sources are already reduced.If collection from petrol and diesel are reduced the inflow of cash to government will be reduced.

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