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Petrol at Rs 40-45 Rate is Feasible

If we examine the rates at the international market vs India, we find that the rates are high for the crude courtesy due to state levied taxes.

This statement gets credence from the fact as Goa Chief Minister Parrikar has virtually abolished state taxes levied on petrol in the state. Parrikar has also cut taxes on Aviation Turbine Fuel from 20 per cent to 12 per cent. A move that is expected to directly directly benefit tourists who fly to Goa.

Thus a fair analysis will show that govt is charging upto Rs 17 on the name of excise and custom duty.

The move by Goa CM needs to be applauded as he has taken a bold step and all marks go to him for his innovation.

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