Tuesday, 3 June 2008

Petrol Price

I never worried about price of the petrol because i'm not a direct consumer of that... still following information made me most unhappy person.... I think you feel the same... if not please let me know....

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

So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.

Govt. is thinking to impose more price hike to curtain with the current crude oil bubble in International oil crisis.
Is it the only factor?
I think each one of us responsible for the same.
We must rethink on,
how we are utilizing this kind of exhaustible resources with us? How we are going to preserve them?

More questions with us? The answers may be within the scope of every individual... and I cannot escape from this by saying "It's the responsibility of the Government...." shall I?

Don't you think you should pass this message to create more awareness among the people.

(Ref: following words are from our respectful PM)
PM readies pitch for hike in petro-product prices 3-Jun-2008

New Delhi, Preparing the ground for a possible hike in petro-product prices, the Prime Minister, Dr Manmohan Singh, on Monday categorically said that the Government was in no position to fully insulate the consumer from the impact of global oil price surge.

“We cannot allow the subsidy bill to rise any further. Nor do we have the margin to fully insulate the consumer from the impact of world commodity price and world oil price inflation. Up to a point we can and we have indeed insulated poorer sections of our society,” Mr Singh said at the annual general meeting of Assocham here on Monday.

The Prime Minister pointed out that the UPA Government had not raised the price of kerosene in the past four years. “We have very marginally raised LPG and diesel prices. Even petrol prices do not fully reflect world trends. In the case of other natural resources, especially water, we have been altogether imprudent. This situation cannot continue forever.

Courtesy:Business Line


The question in front of me is.... Where we living?

Thank u very much my friend (Mr.Raghav) for passing this price break-up details.... which ignite me to initiate this blog

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