Hand Holding Red Nozzle Pumping Gas - Fossil Fuel - Oil and Petrol

Since Long time I was listening that ‘Crude Oil Rates’ are very Low Now-a-Days & ‘Oil Prices’ are Not slashed & are Very High, so i just given Time & did some Maths in order to understand some Real Statistics.

The said calculation have been done on 5 Factors 🚧 mentioned below.

🚧 Crude Oil Rate ($ / barrel)
🚧 $ exchange Rate.
🚧 Crude Oil Rate (Rs. / barrel)
🚧 Inflation (%)
🚧 Actual Petrol Prices

β›½ Equivalent 100 Rupee Value *
β›½ Equivalent Petrol Prices **

πŸ™Œ *Equivalent 100 Rupee Value : This states the Today’s Value of 100 Indian Rupee which it would be carrying in Respective Year. Eg. 100 Rs. of today were equal to 83.66 Rs. of Year 2014. Reverse Calculation is been done & Formula Applied : G16=G17/(100+F17)*100 !!!

πŸ™Œ **Equivalent Petrol Prices : This states the Petrol Prices as on respective Year considering All Factors (Crude Oil Rate ($ / barrel), $ exchange Rate, Inflation (%)). Reverse Calculation is been done & Formula Applied : I16=H16/G16*100*$E$18/E16 !!!

πŸ™„ Note: 48 Rupee on 2010 by figure looks lower than 74 Rupee of today but 48 Rupee on 2010 by Value are much Higher than 74 Rupee of today The said maths have been done to find out Actual Equivalent Value as on Respective Year !!!

πŸ‘‰Average Equivalent Petrol Price during UPA 1 : 172.56 Rs. / Litre πŸ“ˆ
πŸ‘‰Average Equivalent Petrol Price during UPA 2 : 88.82 Rs. / Litre πŸ“ˆ
πŸ‘‰Average Equivalent Petrol Price during NDA (4 Yrs) : 83.04 Rs. / Litre πŸ“‰

^ – Petrol Prices taken for 03-Sep-18.

πŸ€” Conclusion: ‘Crude Oil Rates’ are very Low Now-a-Days & ‘Oil Prices’ are Not slashed is a Hoax. Comparatively If you see all figures over the Years you will found that Petrol Prices were Too high during UPA 1 but Yes they were moderate during UPA 2 & they are even more Moderate during NDA (4 Years) as Well.πŸ™

MOST IMPORTANTLY WE CAN’T FORGET THAT UPA TOOK 2 LAC CRORE OIL BONDS WHICH NDA HAVE RE-PAID.

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