#BigPicture #Modinomics Do you know why your #PETROL price is NOT falling despite the 30% Discount #Russian Crude? 3 Charts to explain it.
1/n
Chart 1 is Weekly Brent Price & 4 wk moving avg
Chart 2 is Monthly INDIA crude Oil Basket.
Chart 3 is Russian Oil Discount.
1/n
Chart 1 is Weekly Brent Price & 4 wk moving avg
Chart 2 is Monthly INDIA crude Oil Basket.
Chart 3 is Russian Oil Discount.
As you can see from
Chart 1: Apr Brent Px is $104. Today 4wk lagged is $83/bbl
Chart 2: Indian Basket in Apr is also $103, Today in month of Feb its $82.3/bbl
Chart 3: Shows Discount is $31/bbl.
Chart 4: As of today $30 Discount Russian Crude is 28% of India Basket
Chart 1: Apr Brent Px is $104. Today 4wk lagged is $83/bbl
Chart 2: Indian Basket in Apr is also $103, Today in month of Feb its $82.3/bbl
Chart 3: Shows Discount is $31/bbl.
Chart 4: As of today $30 Discount Russian Crude is 28% of India Basket
How come even while foreign Minister @DrSJaishankar justifies Russian Crude saying he has COUNTRY to take care off when buying cheap crude, How come PUBLIC are get ZERO BENEFIT?
Who is benefiting from this Cheap Russian Crude ? #Reliance and (#Russian Owned) #NayaraEnergy.
Who is benefiting from this Cheap Russian Crude ? #Reliance and (#Russian Owned) #NayaraEnergy.
@DrSJaishankar is making a Joke of the World and a Joke of the Indian Citizen !!
If you liked it, #RETWEET it. Have Questions, pls comment.
If you liked it, #RETWEET it. Have Questions, pls comment.
For those who are finding it hard to understand.
The WHOLE POINT.
PRICE of the Indian IMPORT BASKET of Crude Oil has NOT CHANGED despite change in Source (1% Russian Crude to 20% Russian Crude at a 40% Discount)
PRICE comparison is in USD. So USD/INR does not matter
The WHOLE POINT.
PRICE of the Indian IMPORT BASKET of Crude Oil has NOT CHANGED despite change in Source (1% Russian Crude to 20% Russian Crude at a 40% Discount)
PRICE comparison is in USD. So USD/INR does not matter
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