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“In India, companies may fall sick, but promoters rarely do!”

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December 1, 2015

A Rhetoric Question ~Will Petrol In India go back to 1963 Rates !?

Petrol Bill of 1963

🙂 Will Petrol go back to 1963 Rates in India as on this old bill from then  ! ? ~ Question is of course rhetoric !

Read that again ! It’s just Rs 3.60 for a full 5 liters !=> that’s 72 paise a litre  nearly 53 years ago on February 2,1963 !…it’s surged   to current @ Rs 70 a litre which is in absolute terms 9600+% and in CAGR Terms just 9%

You can dramatically of course say that 72 paise has become 72 rupees in just over half a century ! 

Today everyone has an Opinion on Oil Rates !

Of Course very Few ,if at all any, had predicted in  mid 2014 that they would halve from US $ 100/barrel

Now many are predicting they will halve even from current US $ 41.65 (WTI) & US $ 44.61 (Brent) ! .Here’s an interesting article of October 2015 on Oil & the Syrian War

Great for India if it does halve from the halve already in on year !…it’s cushioned our FY 15 & FY 16 significantly as we import 3/4 ths of our growing requirements and we are growing at 7.4% GDP  on last count 

Oil’s Well that ends Well !

India is in a sweet spot !…for now…will it get sweeter?

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