Petrol is Costly … Is it?


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Taruna

Many of us curse high price of petrol – gasoline! Some of us even ‘vow’ to ‘teach’ a lesson to Modi on that account in the up coming parliamentary general election of 2019. Is petrol really costly? Please feel cool, calculate a bit and check the reality.

Over the weekend, I filled up my car’s fuel tank, and I thought fuel has really become expensive after the recent price hike.

But then I compared it with other common liquids and did some quick calculations, and I felt a little better.

To know why, see the results below – you’ll be surprised at how outrageous some other prices are !

Petrol Rs.80 per litre.

Coca Cola 330 ml can : Rs.27 = Rs.81 per litre.

Dettol antiseptic 100 ml Rs.20 = Rs.200 per litre.

Radiator coolant 500 ml Rs.160 = Rs.320 per litre.

Pantene conditioner 400 ml Rs.165 = Rs.413 per litre.

Medicinal mouthwash like Listerine 100 ml Rs.45 = Rs. 450 per litre.

Red Bull 150 ml can : Rs.75 = Rs.500 per litre.

Corex cough syrup 100 ml Rs.57 = Rs. 570 per litre.

Evian water 500 ml Rs. 330 = Rs. 660 per litre.

Rs. 500 for a litre of WATER !!!

And the buyers don’t even know the source.

By the way, ‘Evian’ spelled backwards comes to ‘Naive’ – are we not naive for paying Rs. 500 for one litre of water and cursing for paying Rs. 80 for one litre of petrol?

Kores whiteout 15 ml Rs. 15 = Rs. 1000 per litre.

Cup of coffee at any decent business hotel 150 ml Rs. 175 = Rs. 1167 per litre.

Old Spice after shave lotion 100 ml Rs. 175 = Rs. 1750 per litre.

Pure almond oil 25 ml Rs. 68 = Rs. 2720 per litre.

And this is the REAL KICKER:

HP deskjet colour ink cartridge 21 ml Rs.1900 = Rs. 90476 per litre!!!

Now you know why computer printers are so cheap? They have hooked you for the ink !

So, the next time you’re at the pump, don’t curse – just be glad that your car doesn’t run on cough syrup, after shave, coffee, or God forbid, printer ink !

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By: K.I.P.

Assume you commute to office in you car.

Assume drive 30 km one way. Hence 60 km per day for 25 days=1500 km. Assume a mileage of 15. That makes it 100 litres of petrol per month.

Only additional cost imposed is excise duty increased by Rs.10 per litre. If we consider consequential VAT on excise duty, it works to Rs.12 to Rs.14 per litre. Rest, all components of price build-up is due to international oil prices would remain same irrespective of Govt in power.

So, effectively you are end shelling out Rs.1200 to Rs.1400 per month on petrol more.

Salaried class got decent tax cuts in 5 Budget. These work out to Rs.57500 pa for those in 20% tax bracket and Rs.77500 pa for those in 30% tax bracket.

This works out to Rs.4500 pm to Rs.6500 pm. Add to this savings in home loan interest and EMIs.

If excise duty on fuel had not been raised, you would be shelling out more income-tax now ie at 2013 levels.

That would not have helped bridge fiscal deficit. Inflation would have continued unabated and you would be having home loan rates of 13% instead of sub-9% rates now.

So do you still want to complain about price of petrol and lose everything else you have gained?

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