FUEL PRICE

Crude price is terribly slashed the world over. The poor Indians do not get one rupee benefit from this huge price collapse. The government may say that our pricing method is not based on crude price. The rupee fall may also be highlighted. Still we prefer to call us the largest democracy in the world as the governments are always said to be with the people.  Yet, alas, something is wrong somewhere.

It is better, therefore, each of us may find out the cost and price of fuel by our own.

Today's price at Kochi:
Petrol - ₹ 71.726 per litre                Diesel - ₹ 65.923 per litre 
 
Now each one of us may try to find out the following and add the the same to find out the purchase price/cost. 1) Purchase price of crude (take any country from which we import crude) 2) Shipping charges (Take for instance to Kochi) 3) Unloading charge at Kochi port. 4) Pumping/transportation charges to refinery. 5) Refinery expenses for processing into petrol/diesel. 6) Storage expenses. 7) Expenses towards loading into tanker and delivery up to the dealer. 8) Add all taxes and duties + profit of the refinery + dealers commission. The total of these may be converted into per litre purchase price. If one gets the above retail price at Kochi it is well and good. If it is less than the above price, the difference, if any, can be treated as the democratic expenses.

KV George
kvgeorgein@gmail.com

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