Why PM Mammohan Singh probably is lying/ made to lie to then nation on petrol price issues. The FM doesn’t want to take any hit on its collection (The one which funds the corrupt Babus) and oil companies are crying hell. If the facts below are right then LEFT is probably RIGHT this time J
Petrol Fever – A Real Eye Opener
Following is the article from well known Newspaper.
Find the detail break-up of the Final price of petrol available in pumps.
This is a break up considering crude oil at 130 $ per barrel. Following details are for per liter petrol in Rs.
- Basic Price = Rs 21.93
- 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 51.90
For Rs 22 per liter at petrol pumps, we people paying Rs 28 tax extra.
Govt. is thinking to impose more price hike to curtain with the current crude oil bubble in International oil crisis.
If Central Govt. wish, it can still reduce the price of petrol in the current crisis situation, but it doesn’t intend to do so, instead trying
to fool the people and Nation. This is the basis LEFT parties are opposing, just generating more profits for the oil marketing companies.
Here is some more fodder 😉