New Delhi: Petrol in India costs more than it does in the U.S. as well as neighbouring Pakistan and Sri Lanka, but is cheaper than in Europe.
Nepal, which imports all of its fuel from India, sells petrol at 74.77 per litre, Minister of State for Petroleum and Natural Gas R P N Singh said in a written reply to a question in the Lok Sabha.
Petrol in U.S. costs 50.44 per litre. But in Europe, the fuel is much costlier - 105.10 in France, 111.03 in Germany, 114.42 in United Kingdom and 119.69 per litre in Italy.
On the other hand, diesel price of 41.32 a litre in the national capital is lower than 59.56 in Pakistan, 41.36 in Sri Lanka, 49.08 in Bangladesh and 57.91 in Nepal.
In the U.S., diesel is priced at 54.55 per litre, while it costs 77.84 in France, 83.36 in Germany, 99.38 in U.K. and 93.11 in Italy.
"Whereas the price of petrol in India is comparable to many of the countries, the price of diesel in India is lower in comparison to the neighbouring and European countries," Singh said.
The difference in rates of petrol and diesel is most due to tax structure - while the government levies 14.78 per litre excise duty on petrol, the levy on diesel is just 2.06 a litre.
Within India, petrol is costliest in Kolkata at 76.15 due to high incidence of local sales tax or VAT. It is lowest in Panjim where it is priced at 57 per litre as Goa government does not levy any VAT on the fuel. Source: PTI