Petrol And Diesel: Perspective Increase
31 August 2012 - Défi Media Group
Price Stabilization Account with a deficit, it will be impossible to maintain the selling price of petrol and diesel fixed, which remained unchanged for the past eighteen months.
Things do not show very well for motorists, they will put their hands in the pocket. Number of local factors, but especially international, indicate that this will be the case soon.
An international factors is that New Orlean was struck by the powerful cyclone Isaac recent days. It is in this region that are the largest oil refineries in the United States. So there was pressure for a rise in the price of refined products such as gasoline and diesel. Fortunately that Thursday evening, the cyclone began to walk away and it has not caused great damage to the refineries. Which lowers pressure.
However, one fact should not be overlooked is that global always, the price of crude rose $ 10 a barrel since 1 August. That is to say an increase of 10% in one month. In addition, the price of oil globally has increased by 22% since last June. Therefore, with this trend, the Price Stabilization Account is found almost dry and it is difficult not to raise the selling price of petrol and diesel are 49.30 and Rs Rs 41.20 per liter respectively from March 2011.
Prices at the pump for gasoline and Diesel 50S are calculated on the average of 12 months. Namely, that prevailed during the six months preceding the purchase price and a projection over the next six months. When the price falls to the purchase by the State Ttading Corporation (STC), the trade surplus obtained is poured into a special account, the Price Stabilization Account, and when prices increase experiencing the STC draws from the account to maintain the predefined price. Thus, with the current trend, the more time passes, the price increase is inevitable. This is why it is expected that the PPC is a time to meet the other to go in this direction.
It should be noted that the Petroleum Pricing Committee, which is independent of the Ministry of Commerce, must always wait a full month has passed to analyze fuel prices. So that, contrary to some information that has transpired so far, it is only in a few days that the PPC will meet, because now he has not yet got the figures for the month of August.