This is a break up considering crude oil at 130 $ per barrel. Following
details are for per litre 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 5.50
- Crude Oil Custom duty = Rs 1.10
- Petrol Custom = Rs 1.54
- Transportation Charge = Rs 6.00
- Total price = Rs 51.90
So for a Rs 22/litre petrol at pumps we people pay Rs 28 tax extra.
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. The rallies by the LEFT are just FAKE given that they can influence the Government to reduce prices of fuel instead of hiking as they have the power to do so. But they seem to be cashing on the rise in crude prices by some gifts given by the Ruling Government.
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