Newly surfaced documents have revealed that consumers are paying significantly more for petrol and high speed diesel because of taxes, levies and various margins added to fuel prices.
According to the documents, the base price of petrol stands at 197.69 rupees per litre, while its official retail price has been fixed at 327.62 rupees per litre. Consumers are therefore paying an additional 130.23 rupees per litre.
The price includes an 80 rupee petroleum levy, a 5 rupee climate support levy, customs duties of 21.24 rupees, an inland freight equalisation margin of 7.48 rupees, an oil marketing companies’ margin of 7.87 rupees and a dealers’ margin of 8.64 rupees.
The documents indicate that petrol is currently being sold at 139.93 rupees above its base price.
Similarly, the base price of high speed diesel is 264.76 rupees per litre, while the official retail price has been set at 380.86 rupees per litre.
According to the documents, consumers are paying an additional 116.10 rupees per litre in the form of taxes, levies and other charges.
These include a petroleum levy of 74.28 rupees, a climate support levy of 5 rupees, customs duties of 15.68 rupees, an inland freight equalisation margin of 4.63 rupees, an oil marketing companies’ margin of 7.87 rupees and a dealers’ margin of 8.64 rupees.
