India - Inflation At Two Year High

The cost of petrol without any taxes:

Brent Crude:$115.

Refining Margins per barrel:$9.

Total:$115 + $9 = $124.

Exchange Rate:Rs 45 per Dollar.

Total Cost per Barrel in Rupees:124 x 45 = Rs 5580.

Number of Litres per Barrel:160.

Price per litre:5580/160 = Rs 34.875 per Litre.

Retail price varies between Rs 65 and 70 in most states after all taxes (Central and State) and other costs are added.