Hi All, This is may not be a New to somebody, but who doesn't know the below.....its for them.!
Petrol Price is Calculated in India -the below are the standard calculation URL- http://www.commodityonline.com/news/How-petrol-price-is-calculated-in-India-9164-3-1.html Do you know how the fuel price is calculated in India? Suppose if the petrol price per litre in Chennai is Rs 51.90, here the break-up of cost calculated by the government: *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 litre petrol at pumps, consumers in India pay Rs 28 tax extra. Regards, Bala J -- ___________________________________________________________________ Welcome to Maa Vee Maa Kaa Nanbargal valai Kuzhu (Friendship Group)! This group is purely of the Youth, by the Youth and for the Youth. Utilize this group to post your views & messages. ___________________________________________________________________ To post to this Maa Vee Maa Kaa group, send your emails to mvmk@googlegroups.com Regards, Owner, Maa Vee Maa Kaa.
