look news india
Petrol Diesel Price: The inflation in the country has badly affected the people. The biggest blow is being felt on the prices of petrol and diesel because it is difficult to run the vehicle of life without fuel. That is why people always protest against the rising prices of petrol and diesel in the country. It is also true that countries around the world including India need petrol and diesel because without petrol and diesel, vehicles and factories cannot run.
Actually, the rising prices of petrol and diesel are a big problem for the country, but do you know what is the actual rate of petrol and diesel? Talking about today, the dealer is getting pure petrol at the rate of about Rs 42 per liter. After this, after adding tax and commission etc., it even crosses Rs 100 per liter.
Let us tell you that the price of petrol and diesel is decided in the international market. For example, today on 14th July, if the price of crude oil is 86.14 USD per barrel. One barrel contains 159 liters. Today on 14th July, the price of one US dollar in the currency market is Rs 73.70 and the price of one liter of crude oil is Rs 39.92.
After coming to India, this crude oil is refined. Expenses are also incurred during refining. After refining the crude oil, the refined oil is given to the dealer. Now after the amendment, the price of one liter of petrol for the dealer will be Rs 42. This includes the commission of oil companies, entry tax, transportation charges etc.
After this process, for example, let's assume that the dealer is given a commission of Rs 3.66 per liter of petrol. However, these commissions can also be changed by the government. According to the information received, currently dealers are being given about 2 percent commission per liter. A commission of Rs 2.90 per liter is being given on petrol and Rs 1.85 per liter on diesel.
After this, the central government imposes excise duty on petrol prices. It is also changed by the government. After this, every state imposes VAT on petrol prices according to its tax policy. After this, finally the price of petrol was fixed for the public. It is clear from this that the highest tax is imposed on oil.
In simple words, the petrol for which you pay Rs 100 is available in India at less than half the price and after the imposition of various taxes, its price almost doubles. Tax on oil is a major source of income for the country and state governments.
