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Why are people crying over Rs 55/liter petrol...
by imran patel on Jul 07, 2008 10:36 PM
Shop acting like fools...
Crude oil is trading at 145USD per barrel. lets do some math...
One Barrel = 158.98 Liters
hence one liter of crude oil will cost
= 145/158.98 * 43.18
= 39.38
~ Rs 40.
That is crude oil at the location it is drilled. Add refining cost, distribution cost and some profit.
Rs. 55 /liter is what the world is paying.
Get over it.
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