Petrol Fever - A Real Eye Opener
Dear Friends,
Following is the article from well known Newspaper.
Find the detail break-up of the Final price of petrol available in pumps.
This is a break up considering crude oil at 130 $ per barrel. Following
details are for per liter petrol in Rs.
- Basic Price = Rs 21.93
- Excise duty = Rs 14.35
- Education Tax = Rs 0.43
- Dealer commission = Rs 1.05
- VAT = Rs 5.5
- Crude Oil Custom duty = Rs 1.1
- Petrol Custom = Rs 1.54
- Transportation Charge = Rs 6.00
- Total price = Rs 51.90
So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.
Govt. is thinking to impose more price hike to curtain with the current
crude oil bubble in International oil crisis.
If Central Govt. wish, it can still reduce the price of petrol in the
current crisis situation, but it doesn't intend to do so, instead trying
to fool the people and Nation. This is the basis LEFT parties are
opposing, just generating more profits for the oil marketing companies.
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