Do not shed tears at 80, petrol will reach 100 rupees now! Understand mathematics here

Global level analysts in the crude oil sector claim that crude oil can soon go beyond $ 100 a barrel. So, what needs to be prepared for this is that soon the price of petrol in the country will reach Rs 100 per liter level.

The journey from 2012 to 2017 for crude oil in the global market has proved to be a game changer for the country's politics. Where the challenges of the previous Congress government increased the prices of global crude oil so much that the government had to face defeat in 2014 on the issue of inflation. At the same time, the results of the 2014 election resulted in the prices of global crude oil being a boon for the new BJP government at the Center. Between the ups and downs during this period, where crude oil prices in the global market dropped from $ 125 a barrel to $ 30 a barrel, the price of petrol went up from Rs 76 to Rs 56 per liter in the country. Now once again, the prices of crude in the global market are improving.

GameChanger: Manmohan's Patkhani and Modi's boon

During the tenure of the Manmohan Singh government in January 2012, crude oil in the international market reached $ 125 a barrel, and the price remained constant at $ 100 per barrel till the general elections in 2014. Elections in April 2014 and slipping of crude prices also started. The results of the elections, which started in May 2014, were reduced to $ 50 a barrel from $ 100 a barrel by crushing crude prices by December 2015. This slippery does not end here only. By January 2016 prices of crude oil dropped to at least $ 30 a barrel. Significantly, the cost of crude oil is the biggest and most important expenditure of the Central Government treasury. The one remaining money left here comes to the government to pursue its economic-social policies.

Petrol price in last 3 years of ups and downs

The rule of price of petrol in the country has changed. Where the price of petrol was determined every two months by adding tax with the prior estimation of import cost per month. After this, the price of petrol was determined every month and then per week on this formula. But for the past two months, the price of petrol in the global market is determined by the fluctuation of crude oil every day and tax estimation in the country. So, during these three years, due to heavy shifts in crude prices, the price of petrol is also making the price rise.

When crude oil prices were on top in 2012, petrol in Delhi was sold from 73 rupees to 67 rupees per liter in Delhi. At the same time, when the price of crude oil prices started slipping in 2014, the price of petrol in Delhi was raised from Rs 73 to Rs 63 per liter throughout the year. The first benefit of 2014 in this slipping of the common man started getting started in 2015. While crude reached $ 30 a barrel, the price of petrol per liter in Delhi went down to Rs 60 per liter for the first time. However, the price of petrol in the whole year ranges from 66 rupees to 60 rupees per liter. By 2016, the game of cheap petrol was over by October and once again the price of petrol was on the rise. Meanwhile, the price of one liter petrol has gone up from Rs 66 to Rs 70, and during the year 2017, the price of petrol went up from Rs 70 per liter to Rs 63 per liter.

100 rupees per barrel crude if petrol will be 100 liters?


Global Organization for Organization for Economic Cooperation and Development (OECD) predicts that crude oil prices can go up to $ 270 a barrel by 2020 in current global economic conditions. It is worth mentioning that in 2008, the highest level of crude oil was at $ 145 a barrel. Meanwhile, the ongoing dispute between the Gulf countries during 2015 and 2016 and the lack of demand in developing countries including China, crude oil prices have reached $ 30 a barrel level. It is the basis of OECD's prediction that in the coming years, economies like China and India can increase fuel demand in order to keep pace.

However, in order to cross the price of petrol in India, it is not necessary that crude oil touched this level. For the past three years, the cost of crude in the country and the taxes being levied by the Central and State Governments can reach the price of petrol at the same time, when crude oil touched the level of 2014 ie $ 100 a barrel.