Petrol Price Fever - A Real Eye Opener

. 6/6/08

Following is an article from a 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 - Rs 21.93
• Excise - Rs 14.35
• Education - Rs 0.43
• Dealer commission - Rs 1.05
• VAT - Rs 5.5
• Crude Oil Custom - Rs 1.1
• Petrol - Rs 1.54
• Transportation - Rs 6.00
• Total - 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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