Truth behind the highest
petrol price in INDIA 2024 : I live in Bhopal and today the price of
petrol is 83.74 INR and diesel piece is 72.69 INR have you ever think how
petrol price is fixed and why petrol price is rising or decreasing and once it
increases why it not go down to know about all these facts read the full article carefully. Why
the petrol price is higher as compare to past with attached proof 2024
Why the petrol price is high
in India 2024
How petrol and diesel is made:
Petrol and diesel cannot be made in India for that it requires raw material called
as crude oil and 80% of crude oil is imported from outside India
and crude oil comes in barrel and 1 barrel equals to 159 litres and cost of one
barrel is 86.73 $ which is more in India other than any other country to refine
petrol and diesel we need to buy crude
oil and crude is further refined to get petrol and diesel after refining petrol
it cost 39 to 40 INR to dealer who is refining the petrol. From 40 INR when it
reach to us the petrol price the government apply taxes first tax is imposed by
central government called as excise duty and is
19 to 20 INR per litre which goes to central government. IN Bhopal the
vat tax is 28% per litre and thus petrol price is reaches from 40 INR to 80 INR
when it enters in our vehicles.
In 2012 – 2013 crude oil cost has
decreased form 118 $ to 80 $ per barrel and government has applied taxes on
that 80 $ price. Because of 80 $ per barrel cost of crude oil ,Petrol price is
not fluctuating between year 2013 to 2017 but in year 2018 the cost of crude
oil is again increases form 80$ to 118 $ and when the price was 80 $ per barrel
government has applied taxes but now the price of crude oil increases again to
118 $ and government cannot take imposed taxes on petrol because of that reason
the price of petrol is increasing and it will not fall down until the price of
crude oil not decreases
In 2014 to 2015 when the price of
petrol is increased total revenue goes to central government from excise duty
is 99184 core and when crude oil decreases and petrol price has increased the
profit is double i.e. 242691 cores if they reduce tax by 1% then they face loss
of 13000 cores so government fall in trap by increasing the taxes on crude oil
when the price was 80 $ per barrel. ‘Why the petrol price is higher as compare
to past with attached proof 2024’
For example : when we give
five rupees to someone we ask him were he has spent that money but we are
paying a huge amount of taxes to government and no one is asking were the money
is going when we rise any question we become antinationalist so there is a reason
why our media not able to ask question with the government all the product
comes in GST but why not in petrol it is a very big question central and state
government is earning a very big amount from these central and state taxes .Petrol
should come is GST what you think about these article please comment and share
the article . “Petrol price is higher because of taxes imposed on petrol and
diesel in 2024”
