Petrol costs more in India than the United States of America (USA) because of higher taxes, but diesel is priced lower than the US, Minister of State for Petroleum and Natural Gas R P N Singh said today.
Petrol in Delhi costs Rs 65.64 per litre, as against the retail price of just Rs 45.45 a litre in the USA, he said in a written reply to a question in the Rajya Sabha here.
This is because taxes constitute Rs 26.44 out of the price of petrol in Delhi, while they amount to just Rs 5.54 in a litre in the USA.
From: http://ping.fm/3Yvc5
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