Discussion Why Petrol Price is so High in India

[Sanjeev]

means wat ? sorry bro i cud not understand.

It means prove your point with some article

 

[DashMajor]

do u know that ? what i have written is truth only. that is y pakistan n bangladesh r getting petrol @ 17 rs only.
if u do not know then please do search on it. but do not laugh unnecessarily.
what america is doing has nothing to do with the treaty

Do you know there was a time Pakistan not even have money to buy Petrol, do you know America is God Father of Pakistan and Pakistan even have a piece of America's budget. Means people of US pay tax for Pakistan also !!

In that case don't you think Pakistan don't deserves any such subsidy.

 

[Prateek Marwadi]

It means prove your point with some article

thanks Sanjeev bro for helping me.

IndianMascot bro How are the petrol prices decided in India? - Quora

but i was known to all these since my school days. its a common thing bhai logon.

 

[IndianMascot]

imported price = 32 rs
100 % tax imposed on it by BPCL n later it divided between HPCL IOC n BPCL n goes to the govt. only as these r govt. companies only
then 12 % - 14 % taxes r imposed by state govt.
so ultimately cost comes to 70 rs app

Import Price is $46.68 for the month of October
Now 1$ = 66.10 INR
and 1 barrel = 159 litres

So, $46.68 = Rs 3085

So, 1 Litre of Crude Oil is Rs 19.4. So how came your price is Rs 32 ?

 

[Prateek Marwadi]

Do you know there was a time Pakistan not even have money to buy Petrol, do you know America is God Father of Pakistan and Pakistan even have a piece of America's budget. Means people of US pay tax for Pakistan also !!

In that case don't you think Pakistan don't deserves any such subsidy.

D Major bro- what i have written is truth only. america has nothing to do with that treaty. y america wanted to take control is a totally different thing n nothing to do with treaty. please do read what i wrote n either accept my statement or prove me wrong.

 

[Prateek Marwadi]

Import Price is $46.68 for the month of October
Now 1$ = 66.10 INR
and 1 barrel = 159 litres

So, $46.68 = Rs 3085

So, 1 Litre of Crude Oil is Rs 19.4. So how came your price is Rs 32 ?

bhai i never calculated. i read it somewhere n said it to u. n also 32 rs is just a figure taken as example. also 32 rs wala figure varies depending on the crude prices which fluctuates on a daily basis. but app. 125 % taxes r imposed on that.

 

[IndianMascot]

I have just now calculated it by taking the figure from govt portal. So, Rs 19.4 is the actual crude oil price without taxes for the month of October 2015

 

[IndianMascot]

Even if you impose 125% tax on 19.4 petrol prices should be Rs 43.65 only.

 

[Prateek Marwadi]

Even if you impose 125% tax on 19.4 petrol prices should be Rs 43.65 only.

bhai i think when u purchase from foreign countries then might b u have to pay some taxes to them also. so might b it increases further.
http://www.moneycontrol.com/commodity/crudeoil-price.html#19nov2015
crude oil is 2700 rs app. so in india as per the dollar rupee factor it comes to around 2700 rs only.

 

[IndianMascot]

crude oil is 2700 rs app. so in india as per the dollar rupee factor it comes to around 2700 rs only.

I am taking even higher in my figures 3085.

bhai i think when u purchase from foreign countries then might b u have to pay some taxes to them also. so might b it increases further.

I think that is all included on those 125%.