Saturday, May 26, 2012

Petrol Prices highest in Hydrabad and lowest in Panjim

                                                                  Data source: Firstpost

The recent steep hike in petrol prices has drawn a lot of ire from Indian consumers. Not just that, but several political parties have also expressed their rage over the sudden price hike. We thought it would be worthwhile to see how much petrol would now cost in different parts of the country. As per data from Firstpost, per litre cost of petrol is highest in Hyderabad and Bangalore. However, Panjim has the lowest petrol price in the country. Why the difference? This is because petrol prices include a huge quantum of central and state government taxes. The Chief Minister of Goa, Manohar Parrikar, had effected 11% reduction in VAT (value added tax) on petrol from April 2012. This gave almost Rs 11 per litre relief to consumers. It remains to be seen if other states also follow Goa's model on petrol prices.   

1 comment:

  1. data is wrong. In Bangalore petrol price is INR 81.75 which is highest in any Indian city.