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True Price of Petrol ...
by Prem Kumar on May 27, 2008 10:55 AM
In USA federal tax is $0.184/gallon.
State (In California) tax is $0.482/gallon
($0.18 plus 7.25% sales tax plus $.012 UST fee)
Total Petrol Tax : $0.666
Average pump price today : $3.97/gallon
without tax it comes to $3.304
In other words 1 liter petrol costs $0.7268 == Rs. 30.93
At Rs. 30.93/liter USA oil companies are making record profits.
Now you tell me on why India should increase petrol prices.
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