True Price of Petrol ...
by Prem Kumar on May 27, 2008 10:55 AM Permalink | Hide replies

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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RE:True Price of Petrol ...
by pankaj garg on May 27, 2008 01:12 PM Permalink
your information is not correct the US economy is under presure due to high oil & food prices only.

Please update yourself.

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RE:True Price of Petrol ...
by Sunil Monteiro on May 27, 2008 12:03 PM Permalink
1 Gallon = 3.78 litres

1 gallon petrol= 3.97$ = 3.97 X 42 RS= 166 Rs

Rs 166 for 3.78 Litres= Rs 43 per litre

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RE:True Price of Petrol ...
by sunil bhat on May 27, 2008 12:42 PM Permalink
one gallon is approx 5 litres

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RE:True Price of Petrol ...
by Sunil Narang on May 27, 2008 12:51 PM Permalink
how did you arrive at the price of petrol??...crude oil costs 135 dollars a barrel. A barrel has 205ltrs of oil. refining costs for making it petrol.

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RE:True Price of Petrol ...
by kaustubh saha on May 27, 2008 01:25 PM Permalink
Standard Oil barrel is 42 US gallons
= 42 x 231 cubic inch
= 42 x 231 x (2.54)^3 cc
= (42 x 231 x (2.54)^3)/1000 litres
= 158.9873 litres

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RE:RE:True Price of Petrol ...
by pankaj garg on May 27, 2008 01:13 PM Permalink
A BARREL DOES HAVE ONLY 159 LTRS AND NOT 205

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RE:True Price of Petrol ...
by RajneeshChandraMohan Jain on May 27, 2008 11:03 AM Permalink

1 liter petrol costs only Rs.22.
Every thing else is oil company profits and government taxes.

It is even silly to say that Petrol and Diesel is sold at subsidized prices.

The article is written like the one from typical India government bureaucrat. Their motto is tax everything so much that it kills the consumption.

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