Wednesday, June 18, 2008

Do you know how the fuel price is calculated in India?

Suppose if the petrol price per litre in Chennai is Rs 51.90,
here the break-up of cost calculated by the government:
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 litre petrol at pumps, consumers in India pay Rs 28 tax extra.

2 comments:

Smriti said...

This is an eye-opener and very helpful info!

Reflections said...

Gosh....this is the heights.
But then i guess everything is calculated like this. That is why the Govt puts up these ads where they ask the consumers to bargain on the MRP price.