WHY IS PETROL MOST COSTLY DAY BY DAY IN INDIA?

PETROLEUM;

                    Petroleum products are fuels made from crude oil and hydrocarbons contained in natural gas. Petroleum products can also be made from coal, natural gas, and biomass. Petroleum, also called crude oil, is a fossil fuel. Like coal and natural gas, petroleum was formed from the remains of ancient marine organisms, such as plants, algae, and bacteria. Thus, petroleum was formed naturally.

CAUSE THAT INCRESAE PETROL RATE;

                                      * Taxes in india

                                          *Production

                                          * Need 

 TAXES IN INDIA                                  

                                    In India, taxes are the most costly. Taxes for petrol is high in numbers that cause the petrol is more costly. Excise duty on petrol has been raised from Rs 9.48 per liter in 2014 to Rs 32.90 a liter now, while the same on diesel has gone up from Rs 3.56 a liter to Rs 31.80. Taxes make up 60 percent of the present retail price of petrol of Rs 91.17 a liter in Delhi. On average, state governments collect Rs 20 on every liter of petrol, compared to the Centre's levy of Rs 33 per liter. The sales tax (VAT) imposed by state governments differs from state to state. In India the petrol rate is different. Because it depends on the state taxes, in some states, the government has less tax, and some are more taxes, so it should be reliable. Over 60% of the retail price of petrol goes as excise duty and VAT. As crude prices climb again, it is the tax component that needs to be addressed for Indian consumers to get any relief. Fuel prices are on the rise again. In petrol, people need GST because they have one common rate all over India. In this action may take place they might be a petrol rate fall will happen.

PRODUCTION;

                                  In India has not sufficient petrol production. India purchases the petrol from Dubai and other gulf countries. India imports almost 85% of its unrefined, which is the main motivation for India's high fuel costs. India relies upon imports, with a portion of the fault on OPEC+ - the association of oil sending out nations and Russia. They have cut supplies. However, the interest is rising. Inferable from this, costs have gone up. It may cause an increase in the rate. I think production is the main cause of increasing the petrol rate because if India produces petrol, the price level can be maintained at the local levels.

NEED  ;

                 India has the second-largest population in the world. The population is the cause that increases the petrol rate. In economics, all are born in need that means all the peoples have fuel-based vehicles, so petrol is the most abundant one in India. We want to increase our quantity, so government buy petrol with high some rates and sell in our countries with good rates include all taxes based on the trade. So people need this. 

CONCLUSION;

                              Conclusion of this topic is ......... the first thing is to increase the own productivity government wants to improve our productivity, but it's so rare because it depends on the land. Next, we try to reduce the tax on petrol or join petrol in the GST. Finally, it's time to change fuel vehicles into solar vehicles. It may be a solution in this time this result is not the wastage of natural materials and dont make air pollution...