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Petrol Is Costlier In India Than Its Neighbouring Countries

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Prices of petrol and diesel are increasing day by day in India and if the situation remains the same, it might be difficult for common people to afford buying them after some years. The price of petrol in Delhi is currently Rs 76.61 and it’s the highest so far. Before this, on 14 September 2013, petrol price reached Rs 76.06 in Delhi.

The reason of price hike is said to be increasing cost of crude oil and the decreasing value of Indian Rupee in comparison to dollar in the international market. However, the retail price of petrol and diesel depend largely on the tax imposed in different states of a country. If we look at the price of petrol keeping in mind taxes imposed presently, the price of Petrol in Delhi will be half of what it is now if the taxes are removed.

As per Indian Oil Corporation, the price of petrol for one litre was Rs 76.57 in Delhi, Rs 84.40 in Mumbai and Rs 79.47 in Chennai on Monday.Prices of petrol and diesel are increasing day by day in India and if the situation remains the same, it might be difficult for common people to afford buying them after some years. The price of petrol in Delhi is currently Rs 76.61 and it’s the highest so far. Before this, on 14 September 2013, petrol price reached Rs 76.06 in Delhi.

The reason of price hike is said to be increasing cost of crude oil and the decreasing value of Indian Rupee in comparison to dollar in the international market. However, the retail price of petrol and diesel depend largely on the tax imposed in different states of a country. If we look at the price of petrol keeping in mind taxes imposed presently, the price of Petrol in Delhi will be half of what it is now if the taxes are removed.

As per Indian Oil Corporation, the price of petrol for one litre was Rs 76.57 in Delhi, Rs 84.40 in Mumbai and Rs 79.47 in Chennai on Monday.

You will be shocked to know that in the neighbour countries, price of petrol is considerably less in comparison to that of India (excluding SAARC countries).

Now people are questioning that if the countries that are poorer than India can sell petrol at a cheaper price, why India can’t do it. Talking about its main reason, it is the different tax imposed in every state of India. These taxes include VAT, cess, etc.

As per economists, no government wants to make deduction in the revenue that it gets from petrol and diesel as they get a major part of it.

Here are the prices of petrol as on Monday, May 21:

India (Mumbai) – Rs 84.40

China – Rs 81

India (Delhi) – Rs 76.61

Bangladesh- Rs 71.55

Nepal – Rs 67.46

Sri Lanka – Rs 64

Bhutan – Rs 57.24

Pakistan – Rs 51.79You will be shocked to know that in the neighbour countries, price of petrol is considerably less in comparison to that of India (excluding SAARC countries).

Now people are questioning that if the countries that are poorer than India can sell petrol at a cheaper price, why India can’t do it. Talking about its main reason, it is the different tax imposed in every state of India. These taxes include VAT, cess, etc.

As per economists, no government wants to make deduction in the revenue that it gets from petrol and diesel as they get a major part of it.

Here are the prices of petrol as on Monday, May 21:

India (Mumbai) – Rs 84.40

China – Rs 81

India (Delhi) – Rs 76.61

Bangladesh- Rs 71.55

Nepal – Rs 67.46

Sri Lanka – Rs 64

Bhutan – Rs 57.24

Pakistan – Rs 51.79
Afghanistan – Rs 47

Myanmar – Rs 44

Twitter has also expressed views in this connection and here are some selected reactions:

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