Kerosene, domestic LPG prices lowest in India
Sunday, 9 August 2009
NEW DELHI, Aug 8 (PTI): Kerosene and domestic LPG prices in India are the lowest in South Asia, while the rates for petrol and diesel are comparable with its neighbours, Petroleum Minister Murli Deora said yesterday.
In a written reply to a question in the lower house of the Parliament, Lok Sabha, he said kerosene at Rs 9.22 per litre in Delhi is the cheapest cooking fuel in South Asia.
Kerosene in Pakistan costs Rs 34.89 a litre, Rs 30.53 in Bangladesh, Rs 21.26 in Sri Lanka and Rs 34.35 per litre in Nepal.
Similarly, a 14.2 kg domestic LPG cylinder in Delhi priced at Rs 281.20 is cheaper than Rs 483.06 in Pakistan, Rs 670.12 in Bangladesh, Rs 666.31 in Sri Lanka and Rs 702.72 per cylinder rate in Nepal, he said.
Petrol at Rs 44.63 in Delhi is costlier than Rs 36.52 a litre price in Pakistan but cheaper than Rs 51.36 a litre price in Bangladesh, Rs 54.19 in Sri Lanka and Rs 34.35 a litre in Nepal.
Deisel at Rs 32.87 per litre in Delhi was a shade higher than Rs 30.53 rate in Bangladesh and Rs 30.43 a litre price in Sri Lanka. But it was cheaper than Rs 36.82 a litre price in Pakistan and Rs 34.35 per litre rate in Nepal, he said.
"It may, therefore, be seen that whereas prices of PDS kerosene and domestic LPG in India are the lowest, prices of petrol and diesel are quite comparable to the neighbouring countries," he said adding prices differ because of tax rates.
Deora said as the costs of primary raw material-crude oil are more or less uniform internationally, the rate of taxation in a country plays an important role in determining the retail price of petroleum products.
"Taxes and duties of the Centre and state governments constitute 48.4 per cent and 24.5 per cent of the retail prices of petrol and diesel respectively at Delhi," he said.
States sales tax or VAT on petrol varies from 18 to 33 per cent and from 8.80 to 26 per cent on diesel.
Of the Rs 44.63 a litre retail selling price of petrol in Delhi, Rs 13.75 is because of the incidence of excise duty and Rs 7.44 a litre due to sales tax. Similarly, the Rs 32.87 a litre price of diesel in Delhi is made up of Rs 3.90 in sales tax and Rs 3.71 in excise levy.
Meanwhile, on a day official data showed inflation as negative, India's Food and Agriculture Minister Sharad Pawar yesterday described the overall price situation as "very serious", while a former minister expressed fear that Members of Parliament may be beaten up as prices of foods items were sky-rocketing.
In a written reply to a question in the lower house of the Parliament, Lok Sabha, he said kerosene at Rs 9.22 per litre in Delhi is the cheapest cooking fuel in South Asia.
Kerosene in Pakistan costs Rs 34.89 a litre, Rs 30.53 in Bangladesh, Rs 21.26 in Sri Lanka and Rs 34.35 per litre in Nepal.
Similarly, a 14.2 kg domestic LPG cylinder in Delhi priced at Rs 281.20 is cheaper than Rs 483.06 in Pakistan, Rs 670.12 in Bangladesh, Rs 666.31 in Sri Lanka and Rs 702.72 per cylinder rate in Nepal, he said.
Petrol at Rs 44.63 in Delhi is costlier than Rs 36.52 a litre price in Pakistan but cheaper than Rs 51.36 a litre price in Bangladesh, Rs 54.19 in Sri Lanka and Rs 34.35 a litre in Nepal.
Deisel at Rs 32.87 per litre in Delhi was a shade higher than Rs 30.53 rate in Bangladesh and Rs 30.43 a litre price in Sri Lanka. But it was cheaper than Rs 36.82 a litre price in Pakistan and Rs 34.35 per litre rate in Nepal, he said.
"It may, therefore, be seen that whereas prices of PDS kerosene and domestic LPG in India are the lowest, prices of petrol and diesel are quite comparable to the neighbouring countries," he said adding prices differ because of tax rates.
Deora said as the costs of primary raw material-crude oil are more or less uniform internationally, the rate of taxation in a country plays an important role in determining the retail price of petroleum products.
"Taxes and duties of the Centre and state governments constitute 48.4 per cent and 24.5 per cent of the retail prices of petrol and diesel respectively at Delhi," he said.
States sales tax or VAT on petrol varies from 18 to 33 per cent and from 8.80 to 26 per cent on diesel.
Of the Rs 44.63 a litre retail selling price of petrol in Delhi, Rs 13.75 is because of the incidence of excise duty and Rs 7.44 a litre due to sales tax. Similarly, the Rs 32.87 a litre price of diesel in Delhi is made up of Rs 3.90 in sales tax and Rs 3.71 in excise levy.
Meanwhile, on a day official data showed inflation as negative, India's Food and Agriculture Minister Sharad Pawar yesterday described the overall price situation as "very serious", while a former minister expressed fear that Members of Parliament may be beaten up as prices of foods items were sky-rocketing.