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LATEST NEWS UPDATES | Why Indian government exports petrol at half the price we pay -Anand Patel

Why Indian government exports petrol at half the price we pay -Anand Patel

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published Published on Aug 26, 2018   modified Modified on Aug 26, 2018
-IndiaToday.in

New Delhi: A news report actively shared on social media based on RTI reply on exports claims that India is exporting refined petrol to 15 nations at Rs 34 per litre while refined diesel is exported to 29 countries at Rs 37 per litre as per the information provided.

It is being alleged that Government has levied high taxes on petroleum products making it a prized commodity for domestic consumers while the same is exported at a much cheaper cost.

As per the RTI reply from Govt owned Mangalore Refinery and Petrochemicals Limited, between January 1, 2018 to June 30, 2018, it exported refined petroleum products (Petrol/Diesel) to five countries-Hong Kong, Malaysia, Mauritius, Singapore and UAE.

The export price of petrol varied between Rs 32 to 34 per liter, diesel was exported Rs 34 to 36 per liter depending on the destination. While the price of petrol during this period hovered between Rs 69.97 to Rs 75.55 per liter and diesel was Rs 59.70 to 67.38 per liter.

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IndiaToday.in, 23 August, 2018, https://www.indiatoday.in/india/story/why-indian-government-exports-petrol-at-half-the-price-we-pay-1321786-2018-08-23


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