Why is petrol so expensive and what is the reason behind???
Why is petrol so expensive and what is the reason behind???
Between the war between russia and Ukraine, the price of crude oil has increased rapidly. In a few weeks, oil companies have increased the prices of petrol and diesel sharply. However, during this period, the price of petrol and diesel is seen below 100 in some cities, while somewhere this price is beyond Rs 100. In Delhi, where petrol is being sold for Rs 105. Wherein in mumbai it is at a price of Rs 120 and in Sri Ganganagar, rajasthan it is being sold at the most expensive price of Rs 122.93. On the other hand, the cheapest petrol is being sold in port blair where it costs Rs 91.45 per liter of petrol.
The government had reduced the excise duty of petrol and diesel In november last year, when the prices of petrol and diesel were touching the sky, the government cut the excise duty on petrol by Rs 5 and the excise duty on diesel by Rs 10 to give relief to the people from the impact of inflation. At the same time, the bjp ruled states had given relief to the public by reducing VAT on fuel.What is the percentage of fuel imported in India?If we talk about fuel import in india, then it is about 85 percent imported. The price of imported crude in india is around Rs 49.33. After which it is refined. In this process of refining, the total expenditure on it comes to Rs 7.25 per liter. After this, the central government imposes an excise duty of about 28 rupees on it. Although its rate depends according to different states. The same method is adopted in diesel as well. Due to the imposition of excise duty tax by the central and state governments, its price doubles.
Between the war between russia and Ukraine, the price of crude oil has increased rapidly. In a few weeks, oil companies have increased the prices of petrol and diesel sharply. However, during this period, the price of petrol and diesel is seen below 100 in some cities, while somewhere this price is beyond Rs 100. In Delhi, where petrol is being sold for Rs 105. Wherein in mumbai it is at a price of Rs 120 and in Sri Ganganagar, rajasthan it is being sold at the most expensive price of Rs 122.93. On the other hand, the cheapest petrol is being sold in port blair where it costs Rs 91.45 per liter of petrol.
The government had reduced the excise duty of petrol and diesel In november last year, when the prices of petrol and diesel were touching the sky, the government cut the excise duty on petrol by Rs 5 and the excise duty on diesel by Rs 10 to give relief to the people from the impact of inflation. At the same time, the bjp ruled states had given relief to the public by reducing VAT on fuel.What is the percentage of fuel imported in India?If we talk about fuel import in india, then it is about 85 percent imported. The price of imported crude in india is around Rs 49.33. After which it is refined. In this process of refining, the total expenditure on it comes to Rs 7.25 per liter. After this, the central government imposes an excise duty of about 28 rupees on it. Although its rate depends according to different states. The same method is adopted in diesel as well. Due to the imposition of excise duty tax by the central and state governments, its price doubles.