What are the split up details of petrol price per liter (Nov 2013)?

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Best answer Here's the breakup you asked for. Source: IOCL Website. Read below the table for a lot of explanation regarding petrol pricing in India. Odsqnkoqh bd aqd` j t o ` r nm16.11.2013 h mMdv Cdkgh (Rs. per litre) (A) Price of Crude oil imported (1 barrel = 159 Llitres / 1 US$ = 62.44 Rs. 37.77 INR) (B) Price in Rupees per liter of refined Petrol from crude Rs. 43.14

(C) Price paid by oil marketing companies to refinery @ Trade Parity Qr . 44.12 (D) Price Charged to Dealers (excluding Excise Duty and VAT) (E) Add : Specific Excise Duty @ Rs.9.48/Ltr 47.91 + 9.48

(Rs.9.20/ Ltr+ 3% Education cess) (F) Add : Dealer Commission + 1.79

(G) Add : VAT (including VAT on Dealer Commission) applicable for + 11.84 Delhi @ (H) Retail Selling Price at Delhi- (Rounded) * * < 71.02 (Qr . / Ksq)

VAT as per Delhi. It varies from 33 % to 15 % from State to State

** Petrol Price is decontrolled with effect from 26th June, 2010. The price break up is as per IOC. (A) in the table above is the price a refinery pays at prevailing international rates to procure a liter of crude oil inclusive of shipping and other charges. This is calculated per Oil barrel (bbl) which equals about 160 liters of oil. Current market price is US $109. As you can see both the international crude price and the rupee value against the dollar affects the domestic price at which refinieries acquire crude everyday which would reflect in your cost of petrol at road side. Eqnl bqt c d sn odsqnk The crude oil from overseas suppliers is transported to refineries in India There are over 20 refineries across the country to which the crude is transported Crude oil is pumped into distillation towers, which separate the crude into various petroleum products like diesel, petrol, jet fuel, coal tar, etc We need to understand even high efficiency refineries only produce 40- 45% petrol from the crude oil with the remaining in other products. So for every liter of petrol the refinery has to purchase more than 2 liters of crude oil. But don't worry much if the math isn't simple for pricing a liter of petrol, assume it is (B) Besides the cost of distilling and refining, other costs at this point include crude custom levy and freight from ports to the refinery. So (B) is the net of all such costs. From the refinery the Oil Marketing Companies (OMCs) like IOC, BPCL, HP etc.,

buy refinied crude oil. The refining process (cost of refining crude is around Rs.6/ltr) and transportation costs are added to OMC bills and comes to about Rs. 44.12 (C) with a margin to the refining companies. But the price charged to dealers is about 47.91 (D) as of 16/11/13, with a profit margin of more than Rs.3 to the Oil Marketing Companies. This margin fluctuates according to govt. policy but not more than 10%. The oil marketing companies may also make a loss on other petroleum products like Kerosine and Diesel on which the govt. grants subsidies which means they may sell these products to dealers at a loss. But not petrol after June 2010. Sgd dwsq` oqh bd sgd bnm r t l dq o` xr To the price that dealers pay the OMCs, there are a number of components added. Add excise duty @ Rs 9.20 per litre Add education cess @ 3 per cent Total excise duty + education cess Rs 9.48 (E) Add dealer commission Rs 1.79 (F) Add VAT (25 per cent) Rs 11.84 (G) (Total duties and taxes is Rs 22.49) Petrol prices used to be stable in India whatever the prevailing international prices thanks to the Govt. oil companies absorbing any difference by the way of a subsidy. But from June 2010 the govt. ordered it's companies to reflect international prices to cut losses as the companies were not able to sustain themselves with all the accumlated losses. Since then prices have been fixed almost every two weeks and have only reflected international prices making consumers very unhappy.

But those in India who crib about "high" petrol prices as govt. is lifting subsidies, please understand apart from countries rich in oil resources like Middle east, Malaysia, USA (they are oil rich because they control the middle east except Iran. Now you know why the US is always at war in the middle east citing some reason or the other. They need cheap oil.) all other countries have higher prices than India per litre of petrol. Here's the latest sourced such pricing table sorted by country names in alphabetical order.

OdsqnkOqh bdr ` bqnr r sgd V nqkc - (Sorted by country name) Source: http://www.kshitij.com/research/petrol.shtml [1] Country $ per Ltr 2011 Rs/ ltr $ per Ltr 2012 Rs/ ltr $ per Rs/ ltr % Ltr Deviation 2013 from India, 2013 52% - 70% 37%

Australia Bahrain Bangladesh

$1.42 65.00 $0.21 10.00 $0.89 43.40 ---

$1.45 77.80 $0.27 14.80 $1.12 62.00 $1.67 93.00 ---

$1.37 87.28 $0.27 17.11 $1.24 78.72

Bosnia& Herzegovina - Brazil Canada China Czech Republic Denmark Dubai, UAE Fiji Finland France Germany Hongkong Hungary India Indonesia Iran Ireland Israel Italy --

$1.64 104.40 82% $1.22 77.87 $1.18 75.30 36% 31%

$1.27 56.40 $0.98 44.20 $1.85 81.70

$1.36 73.80 $1.43 72.10 $1.96 98.00 --

$1.68 106.96 87% $1.80 114.66 100% $2.23 142.05 148% ---61%

$2.36 106.60 - $0.47 21.30

$0.48 24.40 --

$2.50 111.20 - -

$1.45 92.42

$2.33 102.90 $2.14 119.00 $2.12 135.20 136% $2.28 100.70 - $1.97 125.79 119%

$2.17 100.20 $2.27 113.30 $2.15 136.91 139% $0.78 35.10 $2.09 92.70 $1.33 70.70 --$2.21 108.90 $2.14 136.06 137% $2.14 110.30 $1.79 113.81 99% $1.33 73.00 --$1.17 74.45 $0.90 57.33 $0.10 7.70 -0% - 87%

$0.39 17.40

$0.57 30.20

$1.99 103.20 $2.06 102.80 $2.07 131.78 130% --$2.11 103.90 $2.12 135.20 136%

$2.07 102.30 $2.36 118.60 $2.34 148.89 160%

Japan Jordan Kabul, Afghanistan Kenya Kuwait Malaysia Mexico Mongolia Nepal Netherland New Zealand Nigeria Norway Oman Pakistan Poland Qatar Romania Russia Saudi Arabia Scotland Singapore South Africa Spain SriLanka Sweden Switzerland Thailand

$1.84 94.30 ---

$1.84 94.30 $1.42 78.00 ---

$1.54 98.41 $1.40 88.99 ---

72% 55% -37% - 67% - 4% 2% 55% 40%

$1.19 56.20 $1.19 54.10 $0.24 11.00 $0.62 28.10 ---

$1.42 78.10 $0.23 12.70 $0.62 34.90 $0.86 46.40 ---

$1.24 78.72 $0.30 18.83 $0.86 54.77 $0.91 58.19 $1.40 88.99 $1.26 80.44

$1.18 61.70 ---

$1.46 75.20

$2.40 110.80 $2.47 138.10 $2.43 148.89 160% $1.55 70.00 --$1.81 100.20 $1.79 116.38 103% $0.56 31.30 $1.36 86.43 51%

$2.47 109.10 $2.62 130.90 $2.75 175.42 206% --$0.31 17.20 $1.13 61.40 $1.81 88.10 $0.27 14.20 $1.66 91.40 $1.02 50.20 $0.12 6.90 $0.38 25.52 $1.05 66.74 - 55% 16%

$0.97 45.80 $1.07 52.60 $0.22 10.20 -----

$1.71 108.67 90% $0.24 15.40 - 73%

$1.64 104.40 82% $1.10 70.17 $0.20 13.20 -22% - 77% --

$0.12 5.70 ---

$2.29 124.90 - ---

$1.67 75.00 $1.49 66.80 $1.92 84.80 $1.14 52.90

$1.65 110.39 93% $1.25 79.58 39%

$1.48 74.60 ---

$1.89 120.65 110% $1.29 82.15 43%

$1.25 61.70

$2.34 103.40 $2.25 112.40 $2.11 134.35 134% $2.03 89.70 ----$1.88 119.80 109% $1.21 77.01 34%

$1.39 71.10

Turkey UK USA Vietnam

$2.50 130.10 $2.72 143.80 $2.35 149.75 161% $2.21 99.10 $0.96 48.40 $1.03 46.10 $2.12 116.50 $2.08 132.63 131% $1.02 55.90 --$0.86 54.77 $1.20 76.16 - 4% 33%

1. http://www.kshitij.com/research/petrol.shtml