The oil market is on fire and so is Modi Government is getting all the bashing from the better friends of his political world and the common man as well. Data received from the global Petrol price monitoring site we tried to deep dive into the problem and find the reason behind the cause and effect with respect to the world.
Is Modi and Nirmala Sitharaman truly a failure to live up to the expectation of the Indians.
Well, let us compare with a story:
In a village, an old man told his boys and girls not to venture out at night as he can smell the tiger. Out of 7 Sons and 3 daughters, all listen and started shouting that because of the old man, their party time is getting lost. Oldman said within 5 days forest department will come and catch the tiger till such time we need to stay inside.
Other nearby villages’ laughter and joy listening to that made a talk of the entire state. Other than that, Oldman’s house all continues life as usual and suddenly two days later everyone noticed key people of the other villages are gone and had no trace left. Now, slowly, people started to believe that the tiger is dangerous and life is under threat. But it was too late by that time tiger had become a man-eating one.
All other villages slowly became short of humans. Now this old man’s wisdom is understood by his own family, who cursed him so badly.
The explanation is not at all economics or global politics it is more related to the experience of the pandemic and the problem at hand. China is again facing some issues, so if it takes the worst path what will happen to the world again? Who will fund the free food for locked inside people? What will happen to vaccination?
The world order has changed a big way, and the USA is not at all happy with India’s bigger stature in the world and he will try to damage any country that appears to be a threat to the USA’s global superpower status. Here comes the save for the future attitude of Modi Government so that during crisis period or Ukraine War after effect people of India can still be at safest of the burner.
No doubt the pocket pinch for the people is very high and can not be supported. hence opposition will not leave any propaganda unturned to explain to the people how big a failure Modi and his team are. Well, not everything is good about any government, but if 70-80% time you are getting expected development, then yes it is a functioning government.
It should take oil and GAS prices out-of-state the government’s taxation regime. This will create a unified price index in India and the political idiotic dance of the devil from any side will not be at the cost of the people. It should be under GST and that to at the minimum workable slab.
People must not praise the government, neither they should scold for no reason but try to analyze what could have been done better and what they could have avoided.
If we see the Oil and LPG cost globally till march end, it shows India in the middle of the rates not too high, not too low. HONGKONG clocked 218 rupees per liter on petrol, the highest in the world. With Sweeden Diesel price rocks with 204 rupees a liter and for 1 litter of LPG it is 106 rupees. If you consider India, LPG is Rupees 65.75 per litter, Petrol at 107.87 per litter, and of diesel 90.50 rupees a little.
The global ranking of India in petrol price is 91 out of 170 country data. For Diesel, 82 out of 169 country data finally in LPG ranked 22 out of 55 countries.
So the conclusion with free vaccination and food in the last two years is you have to pay the debts of the oil bond as well. Now tell me if you have been the breadwinner of that family called India, would you consider your judgments about oil prices as failure or success considering the neighboring countries?
From 2014 onwards, India had a majority government and was stable in nature, which is not a good indicator for the enemies of India, hence all the media will say Oil price is too high and Modi is failing.
Remember the story of the man-eating tiger in this case India has not two in the form of China and Pakistan, but a few insiders with big political aspirations ready to damage India’s prospects at the behest of ill intention to win.
But think of Pakistan Army active to destroy Imran Khan’s Government, they will definitely look for a proxy war to prove they are better at disturbing India. China will definitely churn out the Russian angle to make a dent in the Indo-Russia relationship.
So, the Oil price is not only connected with economics alone, global drumming of CORONA and UKRAINE WAR all have to be considered. The stature of Modi as a global leader has touched a zenith hence, left-liberals will not seat ideal and their “Tukre Tukre” theory will again show the venom against India.
So People of India must make an informed decision about the country not just based on political propaganda of any side.
*Data source: https://www.globalpetrolprices.com/lpg_prices/