Discover and read the best of Twitter Threads about #PetrolPrice
Most recents (7)
Non-subsidized LPG Cylinder Price🫕
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 1053
But, how is the price calculated?
Let's find out⤵️
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 1053
But, how is the price calculated?
Let's find out⤵️
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
#lpgpricehike
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
#lpgpricehike
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgcylinder
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgcylinder
Domestic LPG rates have been increased by Rs.50 🤯
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 999.50
Let's see the price calculation⤵️
#GasPrice
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 999.50
Let's see the price calculation⤵️
#GasPrice
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgpricehike
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgpricehike
SIMPLY PUT: Will #Petrol Prices In India Stabilise Anytime Soon?
#FuelPriceHike #PetrolDieselPriceHike
Read: businessinsider.in/bi-newsletter
#FuelPriceHike #PetrolDieselPriceHike
Read: businessinsider.in/bi-newsletter
There are two things for certain that Indians are talking about this week – #PetrolPrice, and of course, the sweltering heat. After 9 out of 10 days of #FuelPriceHike, there are high chances that people might be talking about the fuel price rise more than the scorching sun.
Crude oil prices have been skyrocketing for several reasons that seem to be beyond the control of any country’s govt. Even the market can feel the impact of rising crude oil prices. The @StocktwitsIndia Stock Room Sunday episode discusses this in detail.
#FuelPriceHike
#FuelPriceHike
Non-subsidized LPG Cylinder Price🫕
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 949.50
But, how is the price calculated?
Let's find out⤵️
Year Price
2013 Rs 1031
2014 Rs 1080
2015 Rs 610
2016 Rs 514
2017 Rs 738
2018 Rs 689
2019 Rs 702
2020 Rs 806
2021 Rs 819
2022 Rs 949.50
But, how is the price calculated?
Let's find out⤵️
LPG pricing in India is done on the basis of a formula: Import Parity Price (IPP)
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
The IPP is determined based on gas prices in the international market, as a major portion of India's consumption is satisfied through imports.
But, how is IPP calculated? 🤔
IPP is calculated as per Saudi Aramco’s LPG price, which is the world’s largest producer.
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgpricehike
The price includes costs like:
- Free on board (FOB) price,
- Ocean freight,
- Custom duties,
- Port charges and Insurance cost
#lpgpricehike
The Delhi government on Wednesday decided to slash Value-Added Tax (VAT) on petrol from 30% to 19.4%. Petrol prices will be cut by Rs. 8 per liter in the national capital city as a result of the tax reduction. Check out the new rates, here. #PetrolPrice
newsbytesapp.com/news/india/del…
newsbytesapp.com/news/india/del…
The new prices will come into effect from Wednesday midnight. Reduction in petrol prices will come as a big relief for residents in Delhi. Rates of auto fuels like petrol and diesel have touched record highs in recent months in all metro cities across the country.
The announcement comes after a Cabinet meeting chaired by Delhi CM Arvind Kejriwal earlier in the day. Petrol price in Delhi is expected to dip to around Rs. 95 per liter from Rs. 103.97 per liter currently. Meanwhile, diesel rate in the city stands at Rs. 86.67 per liter.
Real story of American Dollar v/s Indian Rupee
(Very Interesting Thread)
An Advice to all who are worrying about fall of Indian Rupee.
Throughout the country, please stop using cars except for emergency for only seven days (Just 7 days)
1/n
(Very Interesting Thread)
An Advice to all who are worrying about fall of Indian Rupee.
Throughout the country, please stop using cars except for emergency for only seven days (Just 7 days)
1/n
Definitely Dollar rate will come down. This is true.
The value to dollar is given by petrol only. This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.
2/n
The value to dollar is given by petrol only. This is called Derivative Trading. America has stopped valuing its Dollar with Gold 70 years ago.
2/n
Americans understood that Petrol is equally valuable as Gold so they made Agreement with all the Middle East countries to sell petrol in Dollars only.
That is why Americans print their Dollar as legal tender for debts.
3/n
That is why Americans print their Dollar as legal tender for debts.
3/n
Those bemoaning the rise in #PetrolPrice in India shd know that @nsitharaman can do nothing about it. You see, India's public finances are in a dire state. We now have the accounts to Dec 2020 - i.e. 9 months of FY 2020-21. Let's focus on the receipts. See this pic.
Start with the last line:Total receipts. Pro-rata to the Budget estimates for 2020-21 of 22.46 Lakh crores (LC) at 9-month mark, the receipts are short by 5.6 lakh crores. That is a 34% shortfall. looking at the detail of Line 4. Non-debt capital receipts we get this information
Effectively, there has been ZERO disinvestments of the Gvt's stake in Public sector banks and financial institutions, a 77% shortfall in the disposal of Govt's equity holdings.
