Indias crude basket price 53.53 $ a barrel on Dec 31 as compared to 108.76$/bbl 6 months back.US $ 62.16 today4 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- 16th Jan 2015

Excise hike: Total hike 7.75 petrol 6.5 DieselRs. 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 2Rs. 1.50 on both on Nov 12

Petrol prices cutPetrol 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 FebRs. 2.42 petrol Rs. 2.25 diesel 16th JanRs 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 AugustRs 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 & 5.62Prices in Delhi on 4th Feb Petrol 56.49 Diesel 46.01Prices in Delhi before 16th Jan Petrol 61.33Diesel 50.51

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

New policy for Diesel 30th Jan 2015Branded 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)

..