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  #16  
Old November 4th, 2011, 09:00 AM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

Basic Price: Rs 35.93
Excise duty: Rs 14.35
Education Tax: Rs 0.43
Dealer commission: Rs 1.05
VAT: Rs 5.5
Crude Oil Custom duty: Rs 1.1
Petrol Custom: Rs 1.54
Recovery of previous loss: 5.0
Transportation Charge: Rs 1.8
State Tax : 5.5
Total price: Rs 70.2
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  #17  
Old November 4th, 2011, 09:11 AM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

Quote:
Originally Posted by marvelous View Post
Basic Price: Rs 35.93
Excise duty: Rs 14.35
Education Tax: Rs 0.43
Dealer commission: Rs 1.05
VAT: Rs 5.5
Crude Oil Custom duty: Rs 1.1
Petrol Custom: Rs 1.54
Recovery of previous loss: 5.0
Transportation Charge: Rs 1.8
State Tax : 5.5
Total price: Rs 70.2
excise + crude oil customs + petrol customs ???

they import crude or petrol. what about the home produced oil. there should be no customs on that.

I m happy with my 3.25/g
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  #18  
Old November 5th, 2011, 04:13 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

It is actually 4/g when i filled day before in this most Auto Crazed region of the world.

US has cheaper oil prices than. many other countries like UK, Japan, Siingapore and Of course India. It is only in 2008 or so that the govt kept the prices at subsidized levels (50 ) to not lose the 2009 elections.
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  #19  
Old November 5th, 2011, 04:20 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

So when is the next time you are visiting India ?

Nothing special,would be happy to meet you but do not forget to bring for me 1000 g of 4/g petrol as gift

Kabhi kabhi to sochta hu ek pipeline hi laga du USA se India ke liye apne EC waale bahut hai waha
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Originally Posted by sgars View Post
It is actually 4/g when i filled day before in this most Auto Crazed region of the world.

US has cheaper oil prices than. many other countries like UK, Japan, Siingapore and Of course India. It is only in 2008 or so that the govt kept the prices at subsidized levels (50 ) to not lose the 2009 elections.
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  #20  
Old November 5th, 2011, 07:31 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

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Originally Posted by swami View Post
So when is the next time you are visiting India ?

Nothing special,would be happy to meet you but do not forget to bring for me 1000 g of 4/g petrol as gift

Kabhi kabhi to sochta hu ek pipeline hi laga du USA se India ke liye apne EC waale bahut hai waha
1000g of Petrol means 1.3 Litres i.e. 1/3rd a gallon. If i buy that it works to $1.3 and assuming $ depreciates to 40 Rupees means 52 Rupees. The same thing in India would cost 1.3 * 85 = 110 rupees.
The difference is 60 Rupees.

What will you get for that - A Massage?

For Pipelines, This gentleman who once unsuccessfuly tried to buold a pipeline in India would be interested
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  #21  
Old June 29th, 2015, 12:47 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

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Originally Posted by kkkk View Post
For Petrol, Indians shell out the most in the world!

However, price comparisons done like this - by converting into one currency using the exchange rate - are deceptive. Petrol prices equivalent to Rs 96.39 in the UK might not pinch the English in the same way as Rs 69.90 will clobber Indians.

So, how does one compare prices across countries? This is done by the widely used Purchasing Power Parity (PPP) method. Differences in purchasing powers are evened out and relatively real price comparisons emerge. Using PPP prices, petrol is by far much more costlier in India than most countries. PPP price of petrol in India is $3.95, lower than just three small countries - Timor-Leste, Malawi and Eritrea.

Petrol costs less than a dollar in the OPEC and USA while in most of Europe, Russia, Japan, China and the Americas it is priced between one to two international dollars by PPP calculations. Despite huge subsidies, diesel is more expensive in India than 136 other countries. Costing $2.46 at PPP, India is 23rd most expensive in diesel prices. Can anybody explain why Indians have to bear this unbearable burden?

Link
How i landed on this is because this is a 'related thread' to Doc ji's 'Coming back' thread.

I do remember reading it then and felt that applying the PPP concept to commodity pricing is quite ridiculous. That way, iphone will be 20 times costlier in India than in US. And since Per capita in come is low in India, prety much everyhing will be costly.
Only a commie 'economist' can write like that. i have not bothered to check the link but see it is from TOIlet paper.
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  #22  
Old June 29th, 2015, 12:53 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

Toilet paper has a mirror paper in the name of NYT. Check its articles and op-eds and you will realize its all a bizarro world out there.
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  #23  
Old May 22nd, 2018, 07:07 PM
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Re: Sonia's gift for Indians on coming back - Petrol Prices hiked

Quote:
Originally Posted by sgars View Post
1000g of Petrol means 1.3 Litres i.e. 1/3rd a gallon. If i buy that it works to $1.3 and assuming $ depreciates to 40 Rupees means 52 Rupees. The same thing in India would cost 1.3 * 85 = 110 rupees.
The difference is 60 Rupees.

What will you get for that - A Massage?

For Pipelines, This gentleman who once unsuccessfuly tried to buold a pipeline in India would be interested
Here is another of the umpteen threads on Petrol
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