1) Goverment Policies
2) Conspiracy Theories
3) Organic Chemistry
4) Eric Theodore Cartman
The short of it;
a litre of petrol; as of Tuesday, June 10th, 2008 should cost 76.3458 Indian Rupees, but it still costs less than Rs.60
This is NOT accounting for the numberous other charges that will inevitably add to the cost of petrol like duties, profit margins, sales tax, etc.
Feel free to draw your own conclusions
The slightly more in-depth analysis
Let's get on with it
| Oil Dashboard June, Tuesday 10 2008$131.50  Anyway; that's the price for a barrel of crude oil according to http://oil-price.net/ So; how much is a barrel? The barrel is the name of several units of volume Oil barrel: 42 US gallons, 158.9873 litres,[1] or 34.9723 Imperial (UK) gallons. Taken from Wikipediaso 158.9873 litres of crude for US $131.50 as of June 10, 2008. This works out to about 131.50US$/158.9873 L of crude; i.e. about 0.82711009 US $ / L of crude. Keep in mind that this is NOT what you put into your vehicle. Now how much PETROL do you get from a litre of Crude I was wondering the same and so I did a bit of googlin and I found a nice little blog. The blog linked to a certain cars.com site which didn't work and so had to be accessed using the wayback machine Click here for that site From that source, we obtain the data that only about 19.5 gallons of the 42 gallons of crude cab be obtained as petroleum. Going ahead with the math, this is only 19.5/42*100=46.4285714% Only about 46.42 % or .4642 of the crude is petrol. This means from one barrel of Crude, we obtain .4642*158.9873 L=73.8019 L of Petrol per barrel This means the cost/litre of petrol is 131.50US$/73.8019L=1.7817$/L of petrol. How much is this in Indian Rupees (thanks to XE.com)
There you have it; a litre of petrol; as of Tuesday, June 10th, 2008 should cost 76.3458 Indian Rupees, but it still costs less than Rs.60 This is NOT accounting for the numberous other charges that will inevitably add to the cost of petrol like duties, profit margins, sales tax, etc. Feel free to draw your own conclusions | |||||||||||||
