Petrol costlier in India than US, Pak and Lanka

Petrol in India costs more than it does in the US as well as neighbouring Pakistan and Sri Lanka, but is cheaper than in Europe.
Diesel rates on the other hand are the cheapest in India.
Petrol in the national capital costs Rs. 68.46 per litre as compared to Rs. 53.32 a litre in Pakistan, Rs. 61.56 in Sri Lanka and Rs. 62.25 in Bangladesh.

Nepal, which imports all of its fuel from India, sells petrol at Rs. 74.77 per litre, Minister of State for Petroleum and Natural Gas R P N Singh said in a written reply to a question in the Lok Sabha today.

Petrol in US costs Rs. 50.44 per litre.

But in Europe, the fuel is much costlier - Rs. 105.10 in France, Rs. 111.03 in Germany, Rs. 114.42 in United Kingdom and Rs. 119.69 per litre in Italy.

On the other hand, diesel price of Rs. 41.32 a litre in the national capital is lower than Rs. 59.56 in Pakistan, Rs. 41.36 in Sri Lanka, Rs. 49.08 in Bangladesh and Rs. 57.91 in Nepal.

In the US, diesel is priced at Rs. 54.55 per litre, while it costs Rs. 77.84 in France, Rs. 83.36 in Germany, Rs. 99.38 in UK and Rs. 93.11 in Italy.

"Whereas the price of petrol in India is comparable to many of the countries, the price of diesel in India is lower in comparison to the neighbouring and European countries," Singh said.

The difference in rates of petrol and diesel is most due to tax structure - while the government levies Rs. 14.78 per litre excise duty on petrol, the levy on diesel is just Rs. 2.06 a litre.

Within India, petrol is costliest in Kolkata at Rs. 76.15 due to high incidence of local sales tax or VAT. It is lowest in Panjim where it is priced at Rs. 57 per litre as Goa government does not levy any VAT on the fuel.

Source: http://feeds.hindustantimes.com/~r/HT-HomePage-TopStories/~3/3XD0N9p8w6Y/story01.htm

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