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Even the base price of petrol at Rs.26.44 is taken a bit high.at the upper price range/end of $80 per barrel (of 180 Litres) of crude in the international market, the rough cost of crude in Indian Rs. is: $80 X 46 Divided by 180 = approx. Rs. 20 per litre.The refining cost/margins are less than Rs.4/LtrSo, at the higher price of $80, the cost of refined petroleum is Rs. 24-25 only. Rest is taxes of Rs. 25 per ltr.And, the Govt has teh cheek to tell us that they are subsidising petroleum????This comes out to Rs.
Source: REDIFF.com
Even the base price of petrol at Rs.26.44 is taken a bit high.
ReplyDeleteat the upper price range/end of $80 per barrel (of 180 Litres) of crude in the international market, the rough cost of crude in Indian Rs. is:
$80 X 46 Divided by 180 = approx. Rs. 20 per litre.
The refining cost/margins are less than Rs.4/Ltr
So, at the higher price of $80, the cost of refined petroleum is Rs. 24-25 only.
Rest is taxes of Rs. 25 per ltr.
And, the Govt has teh cheek to tell us that they are subsidising petroleum????
This comes out to Rs.