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

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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