Monday, July 4, 2022
HomeDigit NewsIf the prices are fixed today on the price of crude oil,...

If the prices are fixed today on the price of crude oil, then petrol will get Rs 151 and diesel will be Rs 110.

Crude oil has reached $130 per barrel in the international market. Now speculations are being made about the increase in the price of fuel.

HIGHLIGHTS

  • The price of crude oil in the international market is close to US $ 130 per barrel.
  • Petrol and diesel prices likely to increase after elections in five states
  • Increase in fuel price will increase burden on common man, inflation will increase
New Delhi. Due to the Russia-Ukraine crisis, crude oil has reached $130 per barrel in the international market. On the other hand, elections are over in five states. In such a situation, speculations are now being made about the increase in the price of fuel. This question must also be arising in your mind that by how much rupees per liter the price of petrol and diesel will increase in the country. In such a situation, if the petroleum companies fix the prices on today’s price of crude oil, then you will get petrol Rs 151 and diesel Rs 110 per liter. Come, let us tell you how the price of petrol and diesel is decided on the basis of the price of crude oil. 
 Calculation of the price of one liter of petrol and diesel  at today ‘s price
Crude oil (Brent Crude) price on March 8  $130 per barrel
Currency Exchange Rate 76.96 Rupee/US Dollar
one barrel crude oil price in indian currency  Rs 10,005 
How many liters in a barrel of crude oil  159 liters
crude oil price per liter  10,005/159 = Rs 62.92 per liter 
Freight + Refinery Processing + Refinery Margin + OMC Margin + Logistics Expenses  Rs 10.22 per liter 
Fuel price after processing (ready for petrol pump) 73.14 per liter
Central government excise duty on one liter  Rs 21.80 
petrol pump dealer’s commission  Rs 2.60
The cost of one liter of diesel at this point Rs 97.54 
Price after levying VAT on diesel Rs 12.65 per liter  Rs 110.19 per liter 
final price of petrol   Rs 151.78 per liter 

Important role of Rs.

Rupee plays an important role in the price of petrol and diesel. If the rupee weakens against the dollar, the government has to spend more money. This increases the cost of importing crude oil. In such a situation, the government recovers its cost by increasing the rate of petrol and diesel.
MOBILE
- Advertisment -

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News