Re: [Lovers India] Petrol prices what a joke is gov making us fool

nice

On 6/29/11, Ali jamali <ali.jherk@gmail.com> wrote:
> nice
>
>
> On 6/28/11, Anand Kumar <anandkumar121@gmail.com> wrote:
>> nice calculation and information.
>>
>> On Tue, Jun 28, 2011 at 14:36, <tanna.nirav@gmail.com> wrote:
>>
>>> If the cost price of petrol per litre is Rs 58.90, following is the break
>>> up of cost calculated by the Indian government.
>>> *. Basic Price : Rs 28.93
>>> *. 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 58.90
>>> Based on the above calculation the price of crude is only around 36-40%
>>> of
>>> the total price that we pay at the pumps.
>>> Government Basic oil Price calculation –
>>> Considering that the current price of crude oil is $107 per barell,
>>> Cost of per barrel in RS will be 107*45.40 ($1 = Rs45.40) = 4858.
>>> One barell consists of approximately 160litres.
>>> So Price of crude oil per litre will be 4858/160 = Rs.30.36.
>>> Now Indian Oil Company loses 1.43 Rs per litre + cost of transportation
>>> ofcrude oil and refining the price.
>>> If the oil companies are at a loss, then how is it that they declare high
>>> dividends for their share holders?
>>> In the year 2008-2009 Hindustan petroleum company had a net profit of Rs:
>>> 574.5 crores, similarly in 2009-10 Indian oil had a profit of Rs: 5556.77
>>> crores and Bharat petroleumhad a profit of Rs; 5015.5 crores. If these
>>> companies had incurred a loss, then where from, they got this profit?
>>> IOC, gifted their current employees and retired employees gold coins. So
>>> then, how can a company that is projected to suffer losses of several
>>> crores
>>> per day give such large gifts?
>>> The government is just putting this picture of loss. Its true that these
>>> 4
>>> products, namely petrol, diesel, kerosene and LPG are given on subsidy
>>> and
>>> the company does suffer a loss on them. But these companies produce other
>>> products and by products of the refining process such benzene and toluene
>>> etc, which makes huge profits for them. Hence, the company on the overall
>>> is
>>> not at a loss but make profits.
>>> Moreover, the governement's taxes on fuel accounts for more than 50% of
>>> the
>>> cost. The government is making a fool of all of us.
>>> Petrol prices in other countries
>>> America Rs 43.7 per litre
>>> China Rs 47.5 per litre
>>> Pakistan Rs 43.29 per litre
>>> Russia Rs 41.96 per litre
>>> Malaysia Rs 26.78 per litre
>>> Canada Rs 45.08 per litre
>>> Venezuela Rs 0.71 per litre
>>> India Rs 65 per litre
>>> World market crude oil is not the reason for this. It's all gain for
>>> Indian
>>> Government and private oil companies?
>>>
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>>
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>
>
> --
> Ali jamali
>
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