PETROL MIRACLE IN KERALA

PETROL MIRACLE IN KERALA

In Kerala, if you fill petrol of Rs.100.00, the government will get Rs.38.00. Isn’t a miracle?

How it happens?

Petrol

(litre/rs)

Petroleum company price                    :           Rs.39.02

Excise Duty (Rs.10.70) +

Education cess on ED(3% on ED)           :           Rs.11.02

KVAT (28.72% )+ Social

Security Cess (1% of VAT)                    :           Rs.14.52

Dealer Commission                             :           Rs.02.05

Licence fee collecting from Dealer

By the Oil Companies                          :           Rs.0.018

                                                                        _______

Selling Price                                       :           Rs.66.63

Isn’t a miracle?

If Kerala state sells one litre petrol, the Central will get Rs. 11.02 and Kerala State itself will get Rs. 14.52.

Info collected from Malayala Manorama on 2.12.14