07/11/2015
Simplified Calculation Chart for Petrol & Diesel Prices in New Delhi - September 2015
Petrol Diesel
International Price of Crude Oil with Ocean Freight (as in Jan 2015) 49$ or Rs 3185 per Barrel 49$ or Rs 3185 per Barrel
1 Barrel of Crude Oil 159 Litre 159 Litre
Crude Oil - Cost per Litre Rs 20 per Litre Rs 20 per Litre
Basic OMC Cost Calculation
Refinery Processing & Transportation Cost Rs 6 per Litre Rs 4.6 per Litre
OMC Margin, Transportation, Freight, Landing to Dealers Rs 3.9 per Litre Rs 2.1 per Litre
Basic Cost OMC - Pricing Charged to Dealers including Processing, Transportation, Margins etc Rs 29.9 per Lit Rs 26.7 per Lit
Calculating Dealer Retail Price - Base Location Delhi
Excise Duty as on 1st September 2015 Rs 17.46 on Petrol Rs 10.26 on Diesel
Commission to Petrol Pump Rs 2.27 per Lit Rs 1.42 per Litr
Fuel Cost Before VAT (rounded off for approximation) Rs 49 per Lit Rs 38 per Lit
VAT (Varies from State to State - 25% on Petrol & 16.6% on Diesel with Surcharge) Rs 12.25 on Petrol Rs 6.6 on Diesel
Final Retail Price as on 1st September 2015 - approx calculation Rs 61.25 per Lit Rs 44.6 per Litre
Had it been ideal world - we would have ended up with Fuel Cost of Rs 30 to 32 per Litre for Petrol and Rs 28 / Litre for Diesel Fuel