Around the world, there are so many changes that are happening in energy rates. The same is happening in the case of India. Many important changes are taking place in the market-based pricing for energy sources. What are the energy sources? It is nothing but we can say Petro and Diesel in common. Many changes that take place in these preceding which is based on the natural gases and also the electricity which projects the realities of the market. But the charges of the electricity are quite cool and it remains underrated when it goes for the supply for the consumers. When you compare it with LPG sector gas and in Kerosene, it is completely slow. You would realize that you gave the Power to Choose the energy.
These are the fuels that play an important role in cooking and lighting. The people who belong to the poor family are depending on these two things. India is considered to be one of the famous and important importers. They are also consumers of oil. The price of oil is conveyed as a significant one from 2014 because there would be continuous passes and flows. When we talk about Petrol and Diesel, you should know that India is a country which is known for its total oil consumption and it is also called a diesel centric country. The differences between petrol and diesel are quite reduced and there are no differences almost nowadays.
LPG and Electricity:
When you think of the gas in the LPG sector, in which the government has been committed to make this sector a more vulnerable one. The government has launched so many schemes and year by year or suddenly, the price of the gas would increase. The subsidy also is given by the government to the poor people automatically and there would not be any difference in their growth that would happen. When you come to analyze the gas market of India, you would come to know that it is made of two sectors. They are as follows:
- One is domestically produced gas in which the price is determined by the government only.
- Second is a pricing formula in a new form that is linked to the international prices and it useful to the domestically produced gases also.
Some of the gas-producing companies do not agree to give the incentive as they invest more and their exploration is huge in India. LNG is also available in India. You can get this for a reduced price and also it can be very higher in value. It is allowed to import this to domestic consumers also but there are proposals which you should enhance in its productivity.
The final one is Electricity. In India, the tariffs would not come under the cost of electricity. Some huge parts are considered to be subsidies and another part is considered to be a loss when it is mixed with the state-owned utilities. As the price changes with petrol and diesel, the same would happen in electricity and also water. Electricity consumptions are more on the sides of the agricultural fields which comes under the utility.