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Price of Diesel Around the World!


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Myself . By T.V. Antony Raj

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On  February 13, 2014, I posted  an article titled “Price of Petrol Around the World!” Some of my readers wanted to know about the price of diesel in India and in other countries around the world.

Diesel prices in India in Indian Rupees (Source: globalpetrolprices.com)
Diesel prices in India in Indian Rupees (Source: globalpetrolprices.com)

The above graph shows the price of diesel in India from September, 2012 to February, 2014 with the average value during this period was र57.89 with a minimum of र53.46 in September, 2012 and a maximum of र64.49 in June, 2013.

Diesel prices in India and other countries  (Source: globalpetrolprices.com)
Diesel prices in India and other countries (Source: globalpetrolprices.com)

Compared to the average price of diesel in the world, India is relatively cheaper. Diesel in India is 32% cheaper than the world average of र85.63. The average price of diesel around the world in February, 2014 is र82.41 per liter. Though all countries have access to the same petroleum prices of international markets, they impose various taxes on petroleum products and offer subsidies. Hence, the retail price of diesel differs substantially among countries.

As a general rule, countries that produce and export oil sell diesel to their nationals at much lower prices while rich countries charge higher prices. However, the economically advanced United States have a comparatively low price of diesel – $1.03 (र64.49) per liter.

In Venezuela, the government subsidizes gasoline and the Venezuelans pay almost nothing to drive their vehicles at $0.01 (र0.85) per liter.

Diesel prices around the world in February 2014
(Source: globalpetrolprices.com)

Country USDollars IndianRupees
     
Venezuela 0.01   0.85
Iran 0.03   1.70
Saudi Arabia 0.08   5.09
Egypt 0.16 10.18
Bahrain 0.16 10.18
Kuwait 0.19 11.88
Qatar 0.24 15.27
Yemen 0.30 18.67
Brunei 0.31 19.52
Ecuador 0.35 22.06
Oman 0.49 30.55
Bolivia 0.53 33.09
Sudan 0.54 33.94
Angola 0.54 33.94
Syria 0.57 35.64
Kazakhstan 0.65 40.73
Iraq 0.72 44.97
Malaysia 0.72 44.97
Argentina 0.86 53.46
Bangladesh 0.88 55.15
Thailand 0.91 56.85
Sri Lanka 0.91 56.85
India 0.95 59.40
Mexico 0.97 60.25
Jordan 0.97 60.25
Zimbabwe 0.98 61.09
Philippines 0.98 61.09
Nigeria 0.98 61.09
Lebanaon 0.98 61.09
Ethopia 0.99 61.94
Belarus 0.99 61.94
Kyrgyzstan 1.01 62.79
Ghana 1.01 62.79
Nepal 1.02 63.64
USA 1.03 64.49
Brazil 1.03 64.49
Vietnam 1.05 65.34
Tunisia 1.05 65.34
Guatemala 1.05 65.34
Bhutan 1.05 65.34
Indonesia 1.06 66.19
Maldives 1.06 661.9
DR Congo 1.07 67.03
Taiwan 1.09 67.88
Mozamique 1.10 68.73
Namibia 1.10 68.73
Pakistan 1.10 68.73
Morocco 1.13 70.43
South Africa 1.14 71.28
Ukraine 1.14 71.28
Russia 1.16 72.13
Jamaica 1.16 72.13
Tajikistan 1.17 72.97
Sierra Leone 1.20 74.67
Costa Rica 1.20 74.67
Colombia 1.21 75.52
Guinea 1.21 75.52
Peru 1.21 75.52
Liberia 1.22 76.37
Kenya 1.22 76.37
Gorgia 1.22 76.37
Chile 1.22 76.37
New Zealand 1.22 76.37
Botswana 1.24 77.22
Laos 1.24 77.22
Uganda 1.24 77.22
Cambodia 1.25 78.07
Armenia 1.27 78.91
Tanzania 1.27 78.91
Burkina Faso 1.27 78.91
Mauritania 1.27 78.91
Moldova 1.28 79.76
Ivory Coast 1.28 79.76
China 1.28 79.76
Canada 1.28 79.76
Paraguay 1.29 80.61
Domi. Rep. 1.32 82.31
Japan 1.33 83.16
Fiji 1.33 83.16
Mongolia 1.33 83.16
Singapore 1.35 84.00
Djibouti 1.37 85.70
Lesotho 1.37 85.70
Swaziland 1.40 87.40
Cameroon 1.40 87.40
Mauritius 1.41 88.25
Australia 1.43 89.10
Cape Verde 1.47 91.64
Niger 1.48 92.49
Togo 1.50 93.34
Rwanda 1.52 95.04
Macedonia 1.52 95.04
Benin 1.55 96.73
An dorra 1.56 97.58
South Korea 1.58 98.43
Mali 1.61 100.13
Madagascar 1.62 100.98
Hong Kong 1.62 100.98
R. of Congo 1.62 100.98
Luxembourg 1.63 101.82
Zambia 1.65 102.67
Senegal 1.65 102.67
Chad 1.67 104.37
Bosnia and Herz 1.70 106.07
Croatia 1.71 106.92
Poland 1.73 107.76
Larvia 1.73 107.76
Lithuania 1.73 107.76
Montenegro 1.75 109.46
Albania 1.77 110.31
Romania 1.80 112.01
France 1.80 112.01
Estonia 1.80 112.01
Austria 1.80 112.01
Czech Rep. 1.81 112.86
Hungary 1.82 113.70
Uruguay 1.82 113.70
Malawi 1.82 113.70
Burundi 1.82 113.70
Serbia 1.84 114.55
Spain 1.85 115.40
Bulgaria 1.85 115.40
Malta 1.85 115.40
Slovenia 1.85 115.40
Greece 1.86 116.25
Slovakia 1.86 116.25
Portugal 1.92 119.64
Germany 1.95 121.34
Cyprus 1.97 123.04
Belgium 1.97 123.04
Irelan 2.01 125.58
Switzerland 2.04 127.28
Netherlands 2.04 127.28
Turkey 2.07 128.98
Finland 2.08 129.83
Sweden 2.09 130.67
Denmark 2.11 131.53
Iceland 2.12 132.37
Israel 2.16 134.92
C.A. Republic 2.16 134.92
UK 2.26 140.86
Italy 2.29 142.55
Norway 2.67 166.31

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Price of Petrol Around the World!


. Myself . By T.V. Antony Raj

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Price of Petrol around the world (Posted in Facebook)
Price of Petrol around the world (Posted in Facebook)

I came across the above picture posted on Facebook. Any rational thinker would surely realize that the aim of the person who originally posted this rubbish was to mislead gullible Indians and malign the powers that currently rule the country.

A few Indians have the false notion that whatever appears in the social media or get printed in the traditional media such as newspapers and magazines is the gospel truth, and to keep up with the Joneses they just copy it on their social media pages without delving into the truth. Do you think these prices are correct? The person who prepared  this falsehood needs some coaching in basic arithmetic. Just look at this: Petrol Price around the world - Arithmetiic

11.80 + 9.75 + 4 + 8 = 33.55%

and

33.55% of र16.5 is र5.5275

so,,

र16.5 + र5.5275 = र22.0275

How did this person arrive at the figure of र50.05? Did he leave out any tax or other levies?

Petrol prices in India (Source: globalpetrolprices.com)
Petrol prices in India in Indian Rupees (Source: globalpetrolprices.com)

The above graph shows the price of petrol in India from September, 2012 to February, 2014 with the average value during this period was र80.75 with a minimum of र73.82 in November, 2013 and a maximum of र89.94 in September, 2012.

Petrol prices in India and other countries  (Source: globalpetrolprices.com)
Petrol prices in India and other countries (Source: globalpetrolprices.com)

Compared to the average price of petrol in the world, India is relatively cheaper. Petrol in India is 15% cheaper than the world average of र95.18. The average price of petrol around the world in February, 2014 is र90. 67 per liter. Though all countries have access to the same petroleum prices of international markets, they impose various taxes on petroleum products and offer subsidies. Hence, the retail price of petrol differs substantially among countries.

As a general rule, countries that produce and export oil sell petrol to their nationals at much lower prices while rich countries charge higher prices. However, the economically advanced United States have a comparatively low price of gasoline – $0.88 (र55. 15) per liter.

In Venezuela, the government subsidizes gasoline and the Venezuelans pay almost nothing to drive their cars at $0.03 (र1.70) per liter.

Gasoline Prices around the world in February 2014 (Source: globalpetrolprices.com)

Country

US

Dollars

Indian Rupees

 

 

 

Venezuela

0.03

   1.70

Iran

0.12

  7.64

Saudi Arabia

0.20

12.73

Kuwait

0.23

14.43

Qatar

0.24

15.27

Bahrain

0.27

16.97

Oman

0.39

24.61

Egypt

0.39

24.61

Yemen

0.45

28.00

Brunei

0.50

31.40

Bolivia

0.53

33.09

Ecuador

0.68

42.43

Kazakhstan

0.72

44.97

Sudan

0.79

49.21

Angola

0.83

51.76

Malaysia

0.87

54.31

USA

0.88

55.15

Indonesia

0.92

57.70

Mexico

0.94

58.55

Belarus

0.98

61.09

Ghana

0.98

61.09

Iraq

0.99

61.94

Argentina

0.99

61.94

Pakistan

1.06

66.19

Zimbabwe

1.07

67.03

Maldives

1.07

67.03

Jamaica

1.07

67.03

Namibia

1.07

67.03

Kyrgyzstan

1.09

67.88

Georgia

1.13

70.43

Guatemala

1.14

71.28

Canada

1.14

71.28

Russia

1.14

71.28

Taiwan

1.17

72.97

Ethiopia

1.17

72.97

Botswana

1.18

73.82

Sierra Leone

1.20

74.67

Tunisia

1.20

74.67

Guinea

1.21

75.52

South Africa

1.21

75.52

Vietnam

1.21

75.52

Brazil

1.22

76.37

Syria

1.22

76.37

Philippines

1.22

76.37

Lesotho

1.24

77.22

Bhutan

1.24

77.22

India

1.25

78.07

Liberia

1.25

78.07

Bangladesh

1.25

78.07

Ukraine

1.27

78.91

Sri Lanka

1,28

79.76

Tanzania

1.28

79.76

Kenya

1.29

80.61

Costa Rica

1.29

80.61

Nepal

1.29

80.61

Tajikistan

1.31

81.46

Moldova

1.32

82.31

Benin

1.33

83.16

Australia

1.36

84.85

China

1.37

85.70

Swaziland

1.37

85.70

Uganda

1.37

85.70

Nigeria

1.37

85.70

Niger

1.37

85.70

Armenia

1.39

86.55

Mozambique

1.41

88.25

Jordan

1.41

88.25

Mongolia

1.41

88.25

Domin. Rep.

1.44

89.94

Lebanon

1.44

89.94

Fiji

1.47

91.64

Thailand

1.47

91.64

Cambodia

1.47

91.64

Mauritania

1.48

92.49

Peru

1.51

94.19

Togo

1.51

94.19

Burkina Faso

1.52

95.04

Rwanda

1.52

95.04

Japan

1.52

95.04

Cameroon

1.54

95.88

Chile

1.55

96.73

Morocco

1.58

98.43

Ivory Coast

1.59

99.28

DR Congo

1.62

100.98

Laos

1.62

100.98

R. of Congo

1.63

101.82

Paraguay

1.63

101.82

Bosnia and Herz.

1.66

103.52

Cape Verde

1.67

104.37

Mauritius

1.67

104.37

Chad

1.69

105.22

Poland

1.70

106.07

Andorra

1.70

106.07

Romania

1.73

107.76

Macedonia

1.73

107.76

Singapore

1.74

108.61

Hungary

1.74

108.61

Latvia

1.74

108.61

Estonia

1.74

108.61

Luxembourg

1.75

109.46

South Korea

1.75

109.46

Lithuania

1.77

110.31

Zambia

1.77

110.31

Bulgaria

1.77

110.31

Albania

1.78

111.16

Czech Rep.

1.78

112.01

Malawi

1.80

112.01

Croatia

1.80

112.01

Colombia

1.81

112.86

Serbia

1.81

112.86

Mali

1.82

113.70

Burundi

1.82

113.70

New Zealand

1.82

113.70

Austria

1.84

114.55

Senegal

1.85

115.40

Montenegro

1.86

116.25

Switzerland

1.89

117.95

Spain

1.90

118.79

Cyprus

1.90

118.79

Uruguay

1.92

119.64

Madagascar

1.95

121.34

Slovenia

1.95

121.34

Slovakia

1.96

122.19

Malta

1.96

122.19

France

2.04

127.28

Djibouti

2.08

129.83

Sweden

2.08

129.83

Ireland

2.08

129.83

Iceland

2.12

132.37

UK

2.14

133.22

Hong Kong

2.16

134.92

Germany

2.16

134.92

Israel

2.16

134.92

Belgium

2.18

135.77

Portugal

2.18

135.77

C.A. Republic

2.19

136.61

Finland

2.20

137.46

Greece

2.26

140.86

Turkey

2.26

140.86

Denmark

2.30

143.40

Netherlands

2.39

149.34

Italy

2.41

150.19

Norway

2.86

178.19

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Fuel Price Hike: Is It Another Way to Rob the Public?


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Myself 

By T. V. Antony Raj

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In India, oil firms use the newly given freedom to increase prices of fuel such as petrol, Diesel oil and cooking gas in small doses.

On February 15, 2013, Indian Oil Corporation (IOC) hiked the price of petrol by ₹1.50 per litre and the price of diesel by 45 paise per litre. It was the second price adjustment in February. A statement issued by IOC said that a rise in international oil prices and depreciation in rupee have necessitated the increase in the price of petrol and diesel.

The increase announced excludes local sales tax or VAT and the real hike for consumers would be more after including the duty and other incidences. So, the price in Delhi will go up by almost ₹1.80 per litre after taking into account 19 per cent VAT. Diesel rates would go up by 51 paise.

Yet again, India woke up on March 1, 2013, to face another price hike of petrol. IOC as usual issued a statement that said a rise in international oil prices and depreciation in rupee have necessitated a ₹1.40 per litre increase in the price of petrol. Again, the hike does not include local sales tax or VAT and so the real increase in the rate for consumers will be higher than ₹1.40 per litre.

Following are the revised pricing of petrol at Indian Oil Corporation petrol pumps in four metros with effect from March 1, 2013. By the way, rates at the pumps of Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) vary by a few paise.

City Current Price ₹ Revised Price ₹ Increase ₹
Delhi 69.06 70.74 1.68
Kolkata 76.59 78.34 1.75
Mumbai 75.89 77.66 1.77
Chennai 72.17 73.95 1.78

While bulk consumers like Railways have to pay almost a rupee more per litre for the Diesel due to the hike, the price of cooking gas (LPG) has come down by Rs 37.50 per gas cylinder that consumers buy beyond their quota.

I came across the following Counter Point cartoons by Subhani in Deccan Chronicle:

 Counter Point - Diesel prices to be hiked  Counter Point - Petrol price hike and cut  Counter Point - Oil Clock

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I visited Manoj Kureel’s Facebook page, and impressed by the creations of this young cartoonist I give below three examples of his work on the subject of fuel price hike:

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Snakeyyyy Petrol
Snakeyyyy Petrol (Cartoon: Manoj Kureel)

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Petrol robbers
The latest modus operandi to rob the public! (Cartoon: Manoj Kureel)

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Give and Take
Give and Take (Cartoon: Manoj Kureel)

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