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Petroleum and Natural Gas Minister Hardeep Singh Puri has said that prices of petroleum products have come down in India when the global energy market is in turmoil. He said that there has been turmoil in the global energy markets. He said in India, prices of petrol and diesel have come down over the last two years. Prices increased in other countries like Pakistan, Sri Lanka and even in advanced countries.
The minister said India has diversified the sources of crude oil, hiked the use of alternate energy, increased exploration and production besides making a transition to electric vehicles. Through duty cuts, the government has foregone revenue to the tune of Rs 2.2 lakh crore. He said that oil PSUs have outperformed the Nifty index between 2014 and February 2024. He said ‘at the time of global turmoil, prices should have gone up. But it has actually come down’. He added that India will continue to import crude from sources which are cheap as 85 per cent of petro-products are imported.
He further said India has emerged now as a bright shot from being a fragile economy with rising GDP, falling inflation and a stable current account deficit. The country will soon be the third largest economy in the third term of the present dispensation. The government has been able to cut down on pilferage and waste of energy products.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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