40 PC Of New Petrol Price Reflects Central, State Taxes

New Delhi, Nov 8: About 40 rpt 40 per cent or Rs 27.26 rpt Rs 27.26 in petrol price of Rs 68.64 a litre in Delhi is because of central and state government taxes.

State-owned oil firms had last week hiked petrol price by Rs 1.80 a litre, the fifth increase this year as oil imports became costlier due to fall in rupee value.

The new rate is based on a basic price of petrol, without including any taxes, refining cost or margin, of Rs 41.38 per litre, oil company officials said.

The retail selling price is calculated by adding customs duty, central excise rates and VAT to the basic price which is nothing by the average of international oil rate.

From: http://ping.fm/nfSsh