Welcome

Website counter
website hit counter
website hit counters

Thursday, November 24, 2011

Subsidies Diesel Rs.10.71/L, Kerosene 25.66/L & LPG Rs.260.43/Cylinder

Mr raviunder question is how come diesle is sold FOB Guklf at Rs 40.5 Rs? It is too costly.This is simply looot.Obviously politcians are involved in this racket.What should be price of diesel ex fulf

__________

Subsidies Diesel Rs.10.71/L, Kerosene 25.66/L & LPG Rs.260.43/Cylinder

 

Mukund,

If you go by news reports or pick up stories from here and there and don't INVESTIGATE actual data you are making a fool of yourself.

 

http://ppac.org.in/writereaddata/Price%20Build%20up%20Sensitive%20Products.pdf

 

In above you can see firstly Customs & Excise on Diesel is Rs. 3.11 only for Diesel retail price of Rs.40.91 (rows 5 & 17) and this too is largely returned to states and States share of Central Taxes.

 

Figures for Kerosene are Customs & Excise on Diesel is Zero only for Kerosene retail price of Rs.14.83 (rows 5 & 15).

 

Figures for LPG are Customs & Excise on Diesel is Zero only for LPG retail price of Rs.399 (rows 5 & 15).

 

Subsidies are Diesel Rs.10.71/L, Kerosene 25.66/L & LPG Rs.260.43/Cylinder (Rows 15, 13 and 14 respectively.

 

Thus most of the Tax collection on account of Diesel, Kerosene and LPG is due to state taxes.

 

For your information, Petrol sales accounts for just 12% of all petroleum products.

 

Going by breakup for Diesel that cost almost same as Petrol in Gulf countries without subsidy, would cost Rs.51.08.

 

Ravinder Singh

November24, 2011

 

Is money looted thorugh Arba Gulf companies?

 

--- On Thu, 11/24/11, Mukund Apte <mdapte@gmail.com> wrote:

 

      Dear Sir,

 

      I am sure you are keeping track of Government announcements about effect of Petrol/diesel price rise during the current year. As per News report (Times of India dated 24 Nov 2011), Government has collected from petrol/diesel a tax of over Rs 1 lakh crores more than what was the collection last year. What does it mean? Does Government tax our (public Sector) oil companies so much that they always suffer loss at the rate suggested or approved by Government? Since companies declare yearly losses, Government must not be getting any dividend from them isn't it? Can we decipher the puzzle? Does it mean Government collects lot more (as taxes), the oil companies declare heavy losses, the customers cry foul for increased price of petrol/diesel while the price of these commodities appear be more than (any other country) all over the world. In addition our Finance Minister (as well as PM) tells us that if international price of oil increases, we shall have to raise price of these commodities still more.

 

      With regards to all,

      -----Mukund Apte.

On Thu, Nov 24, 2011 at 2:08 AM, Raja <cityju@rediffmail.com> wrote:

 

The Diesel Price build up given on ministry site is mind boggling.See the high rate the diesel starts from Gulf.Why this price is given on site and not post crude refining price.Where RIUL refineries sell? What is their refining marghins?

Like Diesel the LPG and kerosene prices that start from gulf are mind boggling too.Or are they in order
Can out some knowledegeable member do research and comment?

What is cost of diesl produced by IOC from ONGC domestic crude?

Moderator
----------------------------------

Effective 16th Nov'11
1* FOB Price at Arab Gulf of Gasoil (Diesel)BS III equivalent $/bbl 130.22 ??
2* Add: Ocean Freight from AG to Indian Ports $/bbl 1.55
3 C&F (Cost & Freight) Price $/bbl 131.77 OR Rs./Litre 40.39 ?? (Is Diesel so costly to produce in Gulf?)
4* Import Charges (Insurance/Ocean Loss/ LC Charge/Port Dues) Rs./Litre 0.38
5* Customs Duty @2.58% (2.50% + 3% Education cess) Rs./Litre 1.05
6* Import Parity Price (at 29.5º C) (Sum of 3 to 5) Rs./Litre 41.82
7* Export Parity Price (at 29.5º C) Rs./Litre 39.91
8* Trade Parity Price (80% of (6)+20% of (7)) Rs./Litre 41.44
9* Refinery Transfer Price (RTP) for BS-III Diesel (Price Paid by the Oil Marketing Companies to Refineries) Rs./Litre 41.44
10 Add: Premium recovered for BS-IV Grade over BS-III Rs./Litre 0.04
11* Add : Inland Freight and Delivery Charges Rs./Litre 0.73
12* Add : Marketing Cost of OMCs Rs./Litre 0.65
13* Add : Marketing Margin of OMCs Rs./Litre 0.79
14 Total Desired Price (Sum of 9 to 13)-Before Excise Duty, VAT and Dealer Commission Rs./Litre 43.65
15* Less: Under-recovery to Oil Marketing Companies Rs./Litre 10.17
16 Price Charged to Dealers (Depot Price) (14-15)- Excluding Excise Duty & VAT Rs./Litre 33.47
17* Add : Specific Excise Duty @ Rs.2.06/Litre (Rs.2.00/Litre+ 3% Education cess) Rs./Litre 2.06
18* Add : Dealer Commission Rs./Litre 0.91
19* Add : VAT (including VAT on Dealer Commission) applicable for Delhi @ 12.50% and Air Ambience Charges @ Rs.250/KL less rebate of Rs.375/KL. Rs./Litre 4.46
20 Retail Selling Price at Delhi (Sum of 16 to 19) Rs./Litre 40.91

*The explanatory notes are given in the attachment
**Fortnightly RTP is weighted average of all Indian Pricing Ports.

No comments:

मैं नास्तिक क्यों हूं# Necessity of Atheism#!Genetics Bharat Teertha

হে মোর চিত্ত, Prey for Humanity!

मनुस्मृति नस्ली राजकाज राजनीति में OBC Trump Card और जयभीम कामरेड

Gorkhaland again?আত্মঘাতী বাঙালি আবার বিভাজন বিপর্যয়ের মুখোমুখি!

हिंदुत्व की राजनीति का मुकाबला हिंदुत्व की राजनीति से नहीं किया जा सकता।

In conversation with Palash Biswas

Palash Biswas On Unique Identity No1.mpg

Save the Universities!

RSS might replace Gandhi with Ambedkar on currency notes!

जैसे जर्मनी में सिर्फ हिटलर को बोलने की आजादी थी,आज सिर्फ मंकी बातों की आजादी है।

#BEEFGATEঅন্ধকার বৃত্তান্তঃ হত্যার রাজনীতি

अलविदा पत्रकारिता,अब कोई प्रतिक्रिया नहीं! पलाश विश्वास

ভালোবাসার মুখ,প্রতিবাদের মুখ মন্দাক্রান্তার পাশে আছি,যে মেয়েটি আজও লিখতে পারছেঃ আমাক ধর্ষণ করবে?

Palash Biswas on BAMCEF UNIFICATION!

THE HIMALAYAN TALK: PALASH BISWAS ON NEPALI SENTIMENT, GORKHALAND, KUMAON AND GARHWAL ETC.and BAMCEF UNIFICATION! Published on Mar 19, 2013 The Himalayan Voice Cambridge, Massachusetts United States of America

BAMCEF UNIFICATION CONFERENCE 7

Published on 10 Mar 2013 ALL INDIA BAMCEF UNIFICATION CONFERENCE HELD AT Dr.B. R. AMBEDKAR BHAVAN,DADAR,MUMBAI ON 2ND AND 3RD MARCH 2013. Mr.PALASH BISWAS (JOURNALIST -KOLKATA) DELIVERING HER SPEECH. http://www.youtube.com/watch?v=oLL-n6MrcoM http://youtu.be/oLL-n6MrcoM

Imminent Massive earthquake in the Himalayas

Palash Biswas on Citizenship Amendment Act

Mr. PALASH BISWAS DELIVERING SPEECH AT BAMCEF PROGRAM AT NAGPUR ON 17 & 18 SEPTEMBER 2003 Sub:- CITIZENSHIP AMENDMENT ACT 2003 http://youtu.be/zGDfsLzxTXo

Tweet Please

Related Posts Plugin for WordPress, Blogger...

THE HIMALAYAN TALK: PALASH BISWAS BLASTS INDIANS THAT CLAIM BUDDHA WAS BORN IN INDIA

THE HIMALAYAN TALK: INDIAN GOVERNMENT FOOD SECURITY PROGRAM RISKIER

http://youtu.be/NrcmNEjaN8c The government of India has announced food security program ahead of elections in 2014. We discussed the issue with Palash Biswas in Kolkata today. http://youtu.be/NrcmNEjaN8c Ahead of Elections, India's Cabinet Approves Food Security Program ______________________________________________________ By JIM YARDLEY http://india.blogs.nytimes.com/2013/07/04/indias-cabinet-passes-food-security-law/

THE HIMALAYAN TALK: PALASH BISWAS TALKS AGAINST CASTEIST HEGEMONY IN SOUTH ASIA

THE HIMALAYAN VOICE: PALASH BISWAS DISCUSSES RAM MANDIR

Published on 10 Apr 2013 Palash Biswas spoke to us from Kolkota and shared his views on Visho Hindu Parashid's programme from tomorrow ( April 11, 2013) to build Ram Mandir in disputed Ayodhya. http://www.youtube.com/watch?v=77cZuBunAGk

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk

THE HIMALAYAN DISASTER: TRANSNATIONAL DISASTER MANAGEMENT MECHANISM A MUST

We talked with Palash Biswas, an editor for Indian Express in Kolkata today also. He urged that there must a transnational disaster management mechanism to avert such scale disaster in the Himalayas. http://youtu.be/7IzWUpRECJM

THE HIMALAYAN TALK: PALASH BISWAS CRITICAL OF BAMCEF LEADERSHIP

[Palash Biswas, one of the BAMCEF leaders and editors for Indian Express spoke to us from Kolkata today and criticized BAMCEF leadership in New Delhi, which according to him, is messing up with Nepalese indigenous peoples also. He also flayed MP Jay Narayan Prasad Nishad, who recently offered a Puja in his New Delhi home for Narendra Modi's victory in 2014.]

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALASH BISWAS CRITICIZES GOVT FOR WORLD`S BIGGEST BLACK OUT

THE HIMALAYAN TALK: PALSH BISWAS FLAYS SOUTH ASIAN GOVERNM

Palash Biswas, lashed out those 1% people in the government in New Delhi for failure of delivery and creating hosts of problems everywhere in South Asia. http://youtu.be/lD2_V7CB2Is

THE HIMALAYAN TALK: PALASH BISWAS LASHES OUT KATHMANDU INT'L 'MULVASI' CONFERENCE

अहिले भर्खर कोलकता भारतमा हामीले पलाश विश्वाससंग काठमाडौँमा आज भै रहेको अन्तर्राष्ट्रिय मूलवासी सम्मेलनको बारेमा कुराकानी गर्यौ । उहाले भन्नु भयो सो सम्मेलन 'नेपालको आदिवासी जनजातिहरुको आन्दोलनलाई कम्जोर बनाउने षडयन्त्र हो।' http://youtu.be/j8GXlmSBbbk