In India, the prices of petrol are increasing constantly, due to which the burden on the common man’s pocket is increasing. At the same time, the price of petrol in neighboring countries is much lower than in India. Bhutan, Bangladesh, Pakistan and many other countries are where petrol is very cheap.
The government is getting very dirty when the price of petrol touches 100 rupees. Petrol price reached Rs 100.96 on February 20 in Sriganganagar, Rajasthan. But it would be surprising to know that the price of petrol in our neighboring countries is less than 50 rupees from us whereas India gives petrol to many in these neighboring countries.
Petrol is cheaper despite inflation in Bhutan
Talk about the neighboring country of Bhutan, on February 15, the price of petrol was just Rs 49.56 per liter. On the other hand, despite the high inflation in Pakistan, the price of petrol is just Rs 51.14. At the same time, the price of petrol in Sri Lanka is 60.26 rupees and in Nepal, 68.98 rupees.
However, excluding these neighboring countries, petrol is slightly expensive in Bangladesh and China. The price of petrol in Bangladesh is Rs 76.41 per liter. At the same time, the price of petrol in China is 74.74 rupees. Even then, the price of petrol in these two countries is about 25 rupees cheaper than India.
In neighboring countries, the price of one liter of petrol (in round figure)
India – 92 rupees
Bhutan – 50 rupees
Bangladesh – 77 rupees
Sri Lanka – 61 Rupees
Nepal – 69 rupees
Pakistan – 52 rupees
China – 75 rupees
Why petrol is expensive in India
The major reason for the price of petrol being expensive in India is the excessive taxation of government taxes here. Explain that the Indian government imposes a tax of 35 to 40 percent on the price of petrol in India, while 17-20 percent tax is levied by the state governments. Apart from this, dealer’s commission is from 3.5 to 4 percent.
This is the reason that the price of oil in the country is much higher than the neighboring countries. Although the government has implemented GST system under one country one tax on other things, but petroleum is kept out of it. Due to this, there was no impact on the price of oil, it can be understood in this way.
If the price of petrol is Rs 83.71, then excise duty 32.98 State VAT and other commission 19.32 Dealer’s commission 03.67 Rs 55.97 for a total of Rs 55.97 i.e. Rs 83.71 is charged by the government as tax. Thus the actual price of petrol was only Rs 27.74.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.