Price hike in oil prices: why and how

The fuel Price in India hit the record high three figures for the first time in the history of India. On Wednesday the retail price of regular petrol hiked by 26 paise in Rajasthan’s Sri Ganganagar and reached Rs. 100.13. While the Diesel rested at Rs. 92.13 after a hike of 27 paise. The fuel prices in India vary from state to state, City to City. It is determined after implementing state and central government taxes. So why are the prices rising like never before?  After effects of the infamous Pandemic:  Due to the then on-going Pandemic, the demand of Crude Oil (pre refined petroleum) showed a significant drop in April 2020. Which then turned to a collapse in prices of crude oil.           After Pandemic, Saudi Arabia a key oil producing country voluntarily cut its supply by about one million barrels to 8.125 million barrels of crude oil to boost the prices hence to cover the loss due to Pandemic. Resulting in Price of Crude Oil hiked by about 50%. Compared to $40/Barrel

Nation knowns - The leaked Story

In an explosive exposé it has been disclosed that Republic TV's Editor-in-Chief Arnab Goswami purportedly knew about India's plan to attack Pakistan to take the revenge of the Pulwama terror attack in advance. Additionally, he even seemed to have shared this sensitive information with former BARC chief Partho Dasgupta.

From the leaked WhatsApp conversation between Arnab Goswami and Partho Dasgupta, the journalist-cum-proprietor claims to hint that "something major will be done" which will be "bigger than a normal strike".

Strangely , the discussion is dated February 23, 2019, which was approximately  three days before the IAF-led airstrikes in Balakot, Pakistan.

Given the nature of sensitive information discussed in the leaked WhatsApp chats, the Opposition has trained guns at the Republic TV's Editor-in-Chief and questioned his intentions. The Opposition parties are now demanding an internal inquiry into the alleged leak while military experts across the country have slammed Goswami for his indiscretion.

What things are there in chats ?

More than 50 pages of WhatsApp chats of Republic TV editor-in-chief Arnab Goswami and former BARC chief Partho Dasgupta with many scandalous claims are part of the 3,600-page supplementary charge sheet filed by the Mumbai Police in the Republic TV-TRP fixing case. From 2017 to 2019, the former BARC boss is seen colluding with Arnab Goswami to compromise confidential information on viewership data ahead of its official weekly release.

The chats show how Arnab Goswami abused his access to the Prime Minister’s Office, the Information and Broadcasting Ministry and several senior leaders, including an “AS”, for his business interests. In the chats, Goswami boasts of his access to the PMO, the NSA and the I&B ministry.

The chat transcripts show how Goswami and Dasgupta are collaborating on a strategy to trip rivals and boost the ratings of Republic TV. This included Dasgupta sharing confidential BARC data with Arnab over WhatsApp and email and seeking help from the PMO in return. Dasgupta claims in these chats that he has helped the government several times in the past.

In the chats, the two make disparaging remarks about the then new I&B Minister Prakash Javadekar. Goswami also makes fun of India TV Editor-in-Chief Rajat Sharma and NBA, claiming Sharma had no access to the PMO. From a change in I&B ministry portfolio to ousting of Nripendra Mishra from PMO, Goswami is seen claiming to have advance knowledge of these developments.

Manipulation of Trp

The leaked chats show that Goswami in connivance with the former BARC CEO manipulated the Television Rating Points (TRP) in his favor and sought help from the BJP government. 

Goswami's chats allegedly show that he assured Das Gupta to get help from the PMO with regard to the TRPs. In one of the chat messages doing rounds on social media, the former BARC CEO allegedly said that he had jammed the NBA (News Broadcasters Association), to which Goswami allegedly replied that he might meet the PM regarding the matter.

The chats also show the cut-throat competition in the television industry and rivalry among the news channels.

 - रचित



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