Indias crude basket price 53.53 $ a barrel on Dec 31 as compared to 108.

76$/bbl 6
months back.
US $ 62.16 today
4 increases in excise duty since November
Petrol Rs. 7.75 / l Diesel Rs. 6.50(7.5?) / l
Unbranded Petrol 8.95/l Unbranded Diesel 7.96/l- 16 th Jan 2015

Excise hike: Total hike 7.75 petrol 6.5 Diesel

Rs. 2 on petrol and diesel on Jan 16 (Petrol 8.95, Diesel 7.96)
Rs. 2 on petrol and diesel Jan 2 Total Exise ( Petrol 6.95 Diesel 5.96)
Rs. 2.25 on petrol and Rs. 1 on diesel on Dec 2
Rs. 1.50 on both on Nov 12

Petrol prices cut

Petrol Rs. 17.11 in 10 cuts since august, Diesel Rs. 12.96 (6.46+2+2.25+2.25) since
Oct( after deregulation)
Rs. 2.42 petrol Rs. 2.25 diesel 4th Feb
Rs. 2.42 petrol Rs. 2.25 diesel 16th Jan
Rs 2 on petrol (8th reduction) and diesel (4th reduction) dec 16 Rs. 12.27 per litre on
petrol and Rs. 8.46 cut on diesel since August
Rs 0.91 petrol 0.84 diesel (30th Nov) (10.27 on petrol and 6.46 on diesel since
August1 and Oct 18 resp)
9.36 & 5.62
Prices in Delhi on 4th Feb Petrol 56.49 Diesel 46.01
Prices in Delhi before 16th Jan
Petrol 61.33
Diesel 50.51

Still retailers making 4 on petrol and 3.6 on diesel (4 th feb)

New policy for Diesel 30th Jan 2015

Branded diesel will now be charged at 14 per cent of refinery gate price of the fuel plus Rs 5 per litre or Rs 10.25,
whichever is lower, according to notification issued by Department of Revenue in the Finance Ministry.
Currently, unbranded or normal petrol is charged with a total of Rs 16.95 per litre. This is made up of basic cenvat
duty of Rs 8.95 a litre plus Rs 6 special additional excise duty and Rs 2 per litre additional excise duty which goes
towards building highways.
Branded petrol, which is sold under brands at 'Premium' by IOC, 'Power' by HPCL and 'Speed' by BPCL, is charged
with a total excise duty of Rs 18.10 per litre (Rs 10.10 plus Rs 6 plus Rs 2).
Similarly, unbranded diesel today commands an excise duty of Rs 9.96 per litre (Rs 7.76 basic excise and Rs 2
additional excise that goes towards building highways).
The same on branded diesel is made up of Rs 10.25 a litre plus Rs 2 additional excise rate.

Diesel Excise 9.96 (7.96 +2)

Petrol Excise 16.95 (8.95 + 6 + 2)

..