00:00What was feared after the legislative elections in five states happened on May 15.
00:05Petrol and diesel prices were increased by Rs 3.
00:09This is the first increase since April 2022, but this is not the end of the news; this is just the beginning.
00:19There's a big crisis coming, written and sung by American songwriter Bob Dylan.
00:25And the signs of this crisis were visible in different parts of the country on May 15 when petrol pumpers
00:32Long lines were visible and people were seen worried at many places.
00:49But we will not support you so much that you have to give it from everyone.
00:52The common people will be troubled, the rich will not be troubled, Netal will not be troubled
01:00After the hike, the price of petrol in the capital Delhi has become Rs 97.77 per liter.
01:06At the same time, the new price of diesel has crossed the figure of Rs 90.
01:09Prices of other metro cities of the country are also visible on your screen.
01:14These can increase further, which we will discuss in detail later.
01:19But first let's take a look at the political reactions Congress leader and Leader of Opposition in the Lok Sabha Rahul Gandhi has made on social media
01:27Platform Expert wrote
01:28The public will pay the price for the mistake of the Modi government. The penalty of Rs 3 has already been paid and the remaining amount will be recovered in installments.
01:37Other discerning leaders also took aim and asked the question that when cheap oil was being supplied from Russia then
01:45So if there was no cut then why is there an increase now?
02:06We know that because of this, a very difficult economic situation will arise and there will be a big decline in our economic condition.
02:44Gave his statement justifying the price high
02:47The most important statement was made by Piyush Goyal, Cabinet Minister in the Narendra Modi government.
03:28It was being predicted that something was going to happen ever since the speech given by Prime Minister Narendra Modi.
03:36Is
03:36On May 12, the country's Petroleum Minister Hardi Puri also hinted in this direction.
03:41At the CIA's annual business summit, he said that oil companies would not tolerate this burden for long.
03:49will find
03:49Apart from the statements of the ministers, there is also a fear that prices may increase further.
04:19All three government oil companies, Indian Oil, Bharat Petroleum and Hindustan Petroleum, have suffered losses in the April-June quarter.
04:26A total loss of approximately Rs 1 lakh crore can be incurred by the jail which is more than the total loss incurred during the last financial year.
04:33from the profit of
04:34These companies are incurring losses of Rs 1000 to 1200 crores every day. The loss is even higher.
04:42There has also been a jail which after its launch, the government has imposed a sizeable emoluments policy to keep the oil prices stable.
04:46Duty was reduced by Rs 10 on both petrol and diesel.
05:02Prices were bound to rise, discussions were already underway, it was stopped in view of the assembly elections in five states.
05:09This was because if it had been extended then it would have caused electoral losses for the Narendra Modi government and the BJP.
05:15There could have been another one
05:17It was said that this increase would not be the last; there was a debate in the government offices as to when the prices should be increased.
05:23And in how many stages should it be increased because if increased all at once, there was a fear of shock factor which could cause chaos.
05:31There was a fear of panic and
05:43The cost of economic activity increases from peak to peak, which means we saw a big crisis recently when gas
05:49There was a shortage of food, black marketing and profiteering gained strength and the prices of food items increased.
05:55forced to close down his business
05:57The kitchens of migrant workers were also affected. To understand this crisis further, we spoke to Solp.
06:02Sharma se Now let's say if I'm running a trucking line my trucks are running and Sadanli
06:11I need 3-4 percent more fuel.
06:32The price of fuel has increased, and its price increase affects other things, so fuel is a major factor in it.
06:39It rolls because of the economy that it has, in a way we can say that it runs on fuel.
06:45If fuel pressure goes up then the inflation
06:48It also has an impact and this may be a reason why it will not increase too much immediately.
06:53Look at the price, it has increased by three rupees. I feel a little sad to say this, but this
07:02Three rupees is just the beginning because...
07:07Now if you talk to any economist, he is saying that these three
07:13There should be a hike of at least Rs 10 in petrol and diesel prices because this is our petroleum.
07:22Minister Hardi Puri ji himself said
07:24It is true that normally the government does not give such a warning but they themselves have said that our oil marketing companies
07:31He is incurring a loss of Rs. 1000 crores daily, Rs. 30,000 crores monthly, so what is the cost of this?
07:39So apart from this price hike, you can do something else.
07:42Three can be stopped by what the government has done, excise duty, because it does not affect the consumer.
07:53The reason for this was that this subscription was also there but now the government has taken the first step of three rupees but you
08:03What I said was that it was 10 rupees less than us.
08:12What is the difference between the cost or revenue of the company and the selling price? Half of the recovery is inside.
08:21We will be able to compensate even half of it if the rate per liter increases by ten rupees, but saying this is for the economy.
08:30It is easy but the common people who
08:33If the petrol price increases by ten rupees, it will be very difficult for everyone, I think.
08:40This is just the beginning, gradually increasing it by three rupees, then two rupees, then another two rupees.
08:49Rupee
09:03Rupee is at its highest level in 42 months against the dollar and has gone to time low.
09:10Currently, the price of one dollar is Rs 96.14, the reason being the increase in the price of raw sesame.
09:17Because India has to spend dollars to buy it.
09:20If dollars have to be spent then the rupee weakens further and if the rupee weakens further then inflation increases further.
09:26It means there is a kind of loop. It is also being feared that in the coming days the rupee will fall by 100 rupees.
09:32The figure can also be crossed by other countries
09:48But due to this reason inflation increased in these countries, you can also see this data.
09:53It is believed that on an average this increase is 2-5 percent, which means that life is going to become expensive.
10:00I am telling you all this so that you can understand the coming crisis.
10:16According to the data, OPEC's oil production is at its lowest level in the last two decades. OPEC has a total of 11
10:22The countries include Iran, Iraq, Kuwait and Saudi Arabia from the Middle East, and six from Africa, including Algeria and Nigeria.
10:29Country is a country
10:35The production of about 100 million barrels of oil is decreasing, it is being said that if there is an immediate halt now
10:40Even then, it may take until 2027 for improvements to occur, which is a matter of concern for India.
10:46It is also because it imports 88 percent of its oil requirement from outside and
10:5040 percent of the funding comes from the State of Hermuz, even after the State of Hermuz reopens, according to the report.
10:55Due to the lack of logistics and tankers, it will take time for supplies to arrive, which is why efforts are being made to save foreign reserves.
11:01Appealed also
11:02The foreign reserve, an emergency piggy bank, is being used to stabilize the country's currency and make international payments.
11:09It is for, buying goods, importing crude oil from abroad, or any electronic goods, or
11:14Then someone
11:15So its payment is not done in rupees, but in US dollars, because it is the most accepted currency in the world.
11:21Therefore, you may have seen or heard when the possibilities of trading another currency against the dollar are considered.
11:27Yes, so American
11:28The rulers are mixing sesame seeds, the situation is changing, we live on foreign reserves, the foreign reserves of every country.
11:34It consists of currencies and bonds of other countries, of which the share of US dollars reaches about 90 percent.
11:38In addition, a large part
11:41While the country also includes finance received from the International Monetary Fund, India currently has about 640
11:48Foreign exchange reserves are worth 61 lakh crore rupees or billion dollars, which is enough to cover imports for 10 to 11 months.
11:56is sufficient for, safe
12:00It is being expressed that if the situation worsens further, foreign investors will enter the Indian market even more rapidly.
12:06may exit, which could cause the foreign reserves to fall sharply, as these investors are currently the most vulnerable.
12:11Bharose Man International Currency
12:13They are investing in dollars, hence the rupee is falling even faster, their going out will affect the rupee.
12:19The situation will worsen, and hence Prime Minister Narendra Modi also appealed to save forex, and in this exercise
12:25The value of gold has increased
12:38Expenses, gold is also important for India because it accounts for 16 percent of our forex reserves, reserves
12:44Bank of India has recalled 168 tonnes of gold held in the IDR last year, with the deadline to March 24.
12:50Reserve Bank of India
12:51We have a total of 880 tonnes of gold, but India's real gold is in our and your homes, approximately
12:58The value of 354 tonnes of gold is Rs 4500 lakh crore, which is more than the GDP of the country.
13:04Currently it is at Rs 370 lakh crore, which means Indians buy gold and do not have to spend dollars for this purchase.
13:21So while you are leaving, keep listening to the news of the war, but not in prose but in poetry, unique Hindi poet
13:29Listen to Naveen Sagar's poem, the news of war suppresses all other news, dominates, peace
13:36praise the efforts of
13:49It's a thrill to see pictures of destroyed settlements, it's embarrassing to later wonder how we survive alone.
13:57And we continue to believe that we will survive, but remember, bombs will fall anywhere in the world.
14:05So this will affect us too.
14:15The next time you choose one site and applaud the talents of another, remember that these applause
14:23The noise is creating holes in our and your pockets, my heat is reaching us.
14:31My name is Souraf Divedi, this is Indian A.
14:33Press Hindi
Comments