Price of petrol and diesel are relatively high INDIA compared to global peers. Government of India and state governments must understand the difficulties facing by common man because of price rice in all sections including groceries, vegetables and all essential commodities and reduce the tax on petrol and diesel to bring it back to affordable levels because every one Rupee rice in diesel will create big holes in common man’s monthly budget.
Pakistan: Rs: 26
Bangladesh: Rs: 22
Cuba: Rs: 19
Nepal: Rs; 34
Burma: Rs: 30
Afganistan: Rs: 36
India: Rs: 80(in punjab)
Bangladesh: Rs: 22
Cuba: Rs: 19
Nepal: Rs; 34
Burma: Rs: 30
Afganistan: Rs: 36
India: Rs: 80(in punjab)
why is there a difference within india itself?
More Than 40% of Petrol Prices are due to Taxes.Lets take example of petrol price rs 75 on Average.
Basic Price: Rs 36.41
Excise duty: Rs 18.72
Education Tax: Rs 0.54
Dealer commission: Rs 1.33
VAT: Rs 7.003
Crude Oil Custom duty: Rs 1.4
Petrol Custom: Rs 1.96
Transportation Charge: Rs 7.64
Total price: Rs 75
Excise duty: Rs 18.72
Education Tax: Rs 0.54
Dealer commission: Rs 1.33
VAT: Rs 7.003
Crude Oil Custom duty: Rs 1.4
Petrol Custom: Rs 1.96
Transportation Charge: Rs 7.64
Total price: Rs 75
Petrol Price Game:
1 barrel = 159 liters
1 barrel = USD 108
1 barrel refing cost 15 % = 108 %15 = USD 16
1 barrel = USD 108+16=124*57= RS.7068/- INR
... 1LITER = 7068/159= 44.45 RS ...
TODAYS RATE = 80-44.45 =33.55 ( THINK WHERE IT GOES... ITS A BIGG SCANDLE)
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1 barrel = 159 liters
1 barrel = USD 108
1 barrel refing cost 15 % = 108 %15 = USD 16
1 barrel = USD 108+16=124*57= RS.7068/- INR
... 1LITER = 7068/159= 44.45 RS ...
TODAYS RATE = 80-44.45 =33.55 ( THINK WHERE IT GOES... ITS A BIGG SCANDLE)
SHARE THIS.....
Based on the above calculation the price of crude is only around 36-40% of the total price thhat we pay at the pumps.
so government is making us fool by saying that Petrol Companies are in loss.In the year 2008-9 Hindustan petroleum company had a net profit of Rs: 574.5 crores, similarly in 2009-10 Indian oil had a profit of Rs: 5556.77 crores and Bharat petroleum had a profit of Rs; 5015.5 crores. If these companies had incurred a loss, then where from, they got this profit??
So How Petrol Prices Can Be Reduced
Recently Goa Government reduce the petrol prices by 11 rs.So How it is possible.The way Goa has managed this Rs. 11 reduction is by abolishing (almost) the VAT on petrol which used to be 20%. This is now only 0.1% and it has not been brought down to zero so as to maintain sales records.
So Now We Are having a solution If state government follows Goa's example of doing away with sales tax and VAT on petrol, the fuel will become cheaper by roughly Rs 15 a litre . The reduction will be higher in states that tax the fuel at a higher rate.
So friends Must Share it so that even government feel shame on their action