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Nearly two-third of the price you pay for petrol goes to Centre and states

Data shows the central government is collecting more tax on petrol compared to state governments. On average, state governments collect Rs 20 on every litre of petrol, compared to the Centre's levy of Rs 33 per litre ....

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Nearly two-third of the price you pay for petrol goes to Centre and states

Nearly two-third of the price you pay for petrol goes to Centre and states
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India's Crude Oil Production Down 5.61% This Fiscal


India s Crude oil production during January,2021 was 2572.69 TMT which is 7.95% lower than target and 4.60% lower when compared with January, 2020. Cumulative crude oil production during April-January, 2020-21 was 25554.85 TMT which is 5.54% and 5.61% lower than target for the period and production during corresponding period of last year respectively.
Natural gas production during January,2021 was 2550.62 MMSCM which is 19.20% lower than the monthly target and 2.21% lower when compared with January, 2020. Cumulative natural gas production during April-January, 2020-21 was 23679.54 MMSCM which is 14.05% and 10.40% lower than target for the period and production during corresponding period of last year respectively.
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Why Indians are paying a bomb for fuel despite cheap crude prices


Why Indians are paying a bomb for fuel despite cheap crude prices
As petrol and diesel prices continue to rise across the country, Indians are paying four times for a litre of petrol compared to its crude price. Here s why.
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UPDATED: February 18, 2021 01:39 IST
India follows the dynamic fuel pricing system to determine the cost of petrol and diesel. (Image: DIU/India Today)
Indians pay four times for a litre of petrol compared to its crude price, which is only around a litre of packaged drinking water. Taxes, commissions and other charges levied on the end-user ensure that fuel rates do not go down significantly in India even when international crude oil prices are low. ....

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