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Who Pockets What On Every Litre Of Petrol And Diesel
Here’s what the government earns every time you fill up your fuel tank.
15 Dec 2020, 01:40 PM IST 
The Indian Oil Corp. logo is displayed on a petrol gas pump at a gas station in Mumbai, India, on Monday, May 26, 2013. Indian Oil is scheduled to release fourth-quarter earnings on May 29. Photographer: Vivek Prakash/Bloomberg
A rebound in crude oil, coupled with taxes accounting for more than the base price, means petrol and diesel are at their costliest in more than two years.Oil retailers started increasing prices from Nov. 20 after a pause of two months. That came as the crude is rose to more than $50 a barrel, gaining19% in the last one month.Yet, 30-40% of the retail price is linked to benchmark Brent crude. Bulk of what consumers pay at the filling ...
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