How Govt and Refineries are counting Petrol prices in India. Why petrol prices are increasing in India ? Because 50% included tax, transport and commission only. It is not due to price of crude oil but due to inflation of money only. in Rs. in Rs. PERIOD Currency Rate 46 56 Crude oil price per barrel in dollar $107.00 $107.00 Crude oil price per barrel in Rs. 4922.00 5992.00 Excise duty 49.60% 2441.43 2972.18 Education tax 1.49% 73.16 89.06 Dealer commission 3.63% 178.64 217.48 VAT 19.01% 935.74 1139.16 Crude oil custom duty 3.80% 187.15 227.83 Petrol custom 5.32% 262.01 318.97 Transport 20.74% 1020.82 1242.74 TOTAL 5098.95 6207.42 Total cost per barrel 10,020.95 12,199.42 PRICE per liter 160ltr/Barrel 62.63 76.25 How the prices are counting that break up hardly knows in India.
Posted on: Wed, 02 Oct 2013 09:42:40 +0000
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