Indian Oil Corporation — Petrol price not Decreased

Petrol — Oil Price

Dear Friends,

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.

If Central Govt. wish, it can still reduce the price of petrol in the
current crisis situation, but it doesn't intend to do so, instead trying
to fool the people and Nation. This is the basis LEFT parties are
opposing, just generating more profits for the oil marketing companies.

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

Pls think and make others to think and force the govt to act accordingly...

Don't know how much goes to the government as profit... or is the tax is an expense to govt also... ??

Can anyone answer this

Now the crude oil is dropped to 50$ a barrel from 143$ a barrel. Still the oil price at a petrol bunk in hyderabad costs 57 Rs. approx. Since the crude oil dropped 66% percent when will this drop be passed on to public. I think India should not regulate oil prices