Mumbai, Petrol will Cross 130Rs?

 Mumbai, Petrol will Cross 130Rs


Current Mumbai Petrol Price...

Mumbai, Petrol price may go up to 130/- rs, current research says...


It may not be sounding real to you, but the experts have already predicted in early 2021 that the petrol price will cross 100rs, and today many cities in India paying more than 105 rs for petrol. And now the expert says it may cross 130/- rs. 


If you are now aware, the domestic petrol and diesel price are linked with global crude prices.

It means if crude prices drop in the international market, then prices in retail should come down too. But this is not the case most of the time.

Despite a huge drop in international crude rates, Indians are paying way too higher for petrol and diesel.


So far in June, the auto fuel prices have been raised on five occasions. Separately, they were hiked 16 times in the month of May after oil marketing companies (OMCs) resumed their price revisions ending an 18-day hiatus that coincided with the assembly elections in key states.


Ideally below are the factors which affect petrol price, but today's irony is the prices flying because people are adjusting with it....

Cost of Crude Oil

Read more at: https://www.goodreturns.in/petrol-price.html#Factors+affecting+Todays+Petrol+Price+In+India

Increased Demand

Read more at: https://www.goodreturns.in/petrol-price.html#Factors+affecting+Todays+Petrol+Price+In+India

Mismatch of Supply & Demand

Read more at: https://www.goodreturns.in/petrol-price.html#Factors+affecting+Todays+Petrol+Price+In+India

Tax Rates

Read more at: https://www.goodreturns.in/petrol-price.html#Factors+affecting+Todays+Petrol+Price+In+India

Rupee to Dollar Exchange Rate


Read more at: https://www.goodreturns.in/petrol-price.html#Factors+affecting+Todays+Petrol+Price+In+India

Logistics

Read more at: https://www.goodreturns.in/petrol-price.html#Various+taxes+that+impact+petrol+prices+in+India


The expert says petrol, diesel prices in India will keep flying because of the government high influence over national media, which is controlling the mindset of a large population of Indians. It may sound a little weird, but this is the fact. 

The current government has killed the opposition voices, which is indirectly going to affect the common people life. Here the opposition is not just those who are in an opposite political party, everyone who opposed anything and does not agree with the government in any way are being avoided, most of the national media will make sure to not cover such activities and people around the country feel like nothing wrong is happening.

Despite the fall in crude oil, 

Record-breaking unemployment rate - Negative GDP

You really think people can afford such a rate of petrol, diesel, then why the government is drastically increasing the petrol price? 

The main answer is the government is aware if not Modi then who? this has successfully settled in the Indian mindset and national media is doing a marvellous job in maintaining this. 

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