The world petrol prices converted to INR are listed below. The prices are also normalized to the per capita income of the country to give an fair idea of the burden 100 litres of petrol is when normalized by 1 months household salary:
The main reason for the exorbitant prices in India is ridiculous amount of government taxation. Since the government cannot directly tax the common man, including it implicitly in petrol prices works out well for the govt.
It costs the oil companies Rs 30 to buy crude and process it to petrol. But adding the excise duty, federal and state taxes, transporation duties etc takes it all the way upto 60+
The main reason for the exorbitant prices in India is ridiculous amount of government taxation. Since the government cannot directly tax the common man, including it implicitly in petrol prices works out well for the govt.
It costs the oil companies Rs 30 to buy crude and process it to petrol. But adding the excise duty, federal and state taxes, transporation duties etc takes it all the way upto 60+
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