Current Petrol prices in india has become biggest fraud & scandal of the year which is being played by oil co, so?
Let me explain to you how?
1) one Crude oil barrel today cost u.s. $ 47.(47 $ × 62 ind.rs.=2914. Per barrel)
2) 1 barrel consist 200 litres of crude oil? ( rs, 2914÷200 litres= rs,14.57 paise per litre crude oil cost.)
3) 25% central government taxes (customs + excise duty)on crude oil cost of 14.57. paise comes to ind.rs.3.64 paise. Total of both = rs,18.21 paise.
4)ind.rs 6 is cost of refining of crude oil & transportation till petrol pump.
5) now add 18.21 +rs, 6 = ind.rs, 24.21.is total cost of manufacturing petrol for oil companies.
6) 25% on an average is vat charges of state government. So now rs.24.21 × 25% vat charges or taxes = rs.6.05. So now 24.21+6.05= total rs , 30.26.
7) petrol pump commision is .90 paise per litre.+ 30.26 = total cost of petrol deleivered at petrol pump is rs, 31.16 only.
8) so my indian brothers & sisters just think ❓what price u are buying petrol at 8 a.m . On 15 th of january 2015. ( at the time of writing this article) rs, 64 is the average sale price of petrol at all pumps. rs 64.❓ Where as cost fr the oil companies is just rs 31.16.(including central + state government taxes )
So freinds u r being cheated & looted fr rs 23 per litre fr so long.
Now u the people of this country decide whether this is justified❓
Its predicted that very soon prices of crude shall fall down to the level of 30 u.s. $very soon my freinds.
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