Components of Petrol price in India

Photo Credit gillesgonthier

Components of Petrol price in India

Suppose if the petrol price per litre 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


News July 3, 2008

Indian government said on Thursday that it will again review retail fuel prices in October, even as it expects crude import bill to shoot up to $110-120 billion this year on the back of record oil prices.


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