Fuel Prices in India (Petrol Diesel)

Started by certforumz, May 09, 2018, 05:12:50 AM

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certforumz

Check out petrol and dielsel prices in india, how the pricing is calculated and the excise dury / VAT imposed on fuel prices:
http://www.mycarhelpline.com/index.php?option=com_latestnews&view=detail&n_id=417&Itemid=10

   Petrol Price *    Diesel Price Calculation *
International Price of Crude Oil with Ocean Freight (as on 3rd February 2018)    65.5 $ or Rs 4200 per Barrel    65.5 $ or Rs 4200 per Barrel
1 Barrel of Crude Oil    159 Litre    159 Litre
Crude Oil  - Cost per Litre    Rs 26.42 per Litre    Rs 26.42 per Litre
          
Basic OMC Cost Calculation         
Entry Tax, Refinery Processing, Landing Cost & Other Operational Costs along with Margins    Rs 4.75 per Litre    Rs 7.5 per Litre
OMC Margin, Transportation, Freight cost    Rs 3.31 per Litre    Rs 2.87 per Litre
Basic Cost of Fuel after Refining Cost    Rs 34.48 per Litre     Rs 36.79 per Litre
          
Additional: Excise Duty + Road Cess as Charged by Central Government
   Rs 19.48 / Litre on Petrol    Rs 15.33 / Lit on Diesel
Pricing Charged to Dealers before VAT    Rs 53.96 per Litre    Rs 52.12 per Litre
          
Calculating Dealer Retail Price - Base Location Delhi         
Commission to Petrol Pump Dealers    Rs 3.59 per Litre    Rs 2.51 per Litre
Fuel Cost Before VAT (rounded off for approximation)    Rs 57.55 per Litre    Rs 54.63 per Litre
          
Additional:VAT (Varies from State to State - 27% on Petrol & 16.75% on Diesel + 25p as Pollution Cess with Surcharge)    Rs 15.54 / Lit on Petrol    Rs 9.44 / Litre on Diesel
Final Retail Price as on 3rd February 2018 -(calculation)