07-11-2012, 02:45 PM
petrol
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Pakistan: Rs: 26
Bangladesh: Rs: 22
Cuba: Rs: 19
Nepal: Rs; 34
Burma: Rs: 30
Afganistan: Rs: 36
India: Rs: 65
why is there a difference within india itself?
If the cost price of petrol per litre is Rs 58.90, following is the break
up of cost calculated by the government.
Basic Price: Rs 28.93
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 58.90
Based on the above calculation the price of crude is only around 36-40% of the total price thhat we pay at the pumps. In the year 2008-9 Hindustan petroleum company had a net profit of Rs: 574.5 crores, similarly in 2009-10 Indian oil had a profit of Rs: 5556.77 crores and Bharat petroleum had a profit of Rs; 5015.5 crores.
It has been calculated that if everyone did not purchase a drop of petrol for one day and all at the same time, the oil companies would choke on their stockpiles. At the same time it would hit the entire industry with a net loss over 4.6 billion dollars which affects the bottom lines of the oil companies. Therefore Feb.14 th has been formally declared ”stick it up their behind ” day and the people of this nation should not buy a single drop of petrol that day.
Even a simple comparison of retail prices in different countries by converting them to Indian rupee reveals that petrol in India is more expensive than 98 other countries. Among 157 countries for which data is available, those belonging to the Organization of Petroleum Exporting Countries have the lowest price.
Each country has almost same procedure and process for petrol or gasoline product, India is included too, then why often petrol price increase in India, Is it obligatory to Indian government to do so?, or they just take an advantage of citizens acceptance on this matter as usual.
The main reasons for petrol price increases often in India are few as stated below;
1. Citizen accept always on increasing petrol price - regardless whoever sits on central in power
2. Citizen flexible on agreeing whatever Indian government furnish the baseless reason as though the same reason not happening in other countries listed
3. No action taken from against party nor from citizens side
4. Government not systemized nor organized well in this revenue section where huge financial transactions exist.
You should know that India has limited petroleum reserves and wherever we have are located at difficult terrain.
Oil consumption in India has been increasing at the rate of 7% every year. India is currently the fourth largest oil consumer in the Asia Pacific region, after Japan, China and South Korea.
In a statement, she said: "By reducing the profits of the oil companies and the central taxes on the oil and by controlling the rupee depreciation through economic actions, the petrol price hike could have been averted."
WE USE PETROLEUM EVERY DAY
What would we do without petroleum? Our country would
come to a stop! Our cars, trucks, and planes all use fuel made
from oil.
Our factories use oil to make plastics and paints, medicines and
soaps. We even burn oil to make electricity. We use more
petroleum than any other energy source.