Casa Arabe is committed to being a meeting point between Spain and the Arab world
Likewise, the government increased the ex-depot price of petrol to Rs 117.83 per litre from Rs112.68 - up about 4.6 per cent.
Similarly, the ex-depot price of LDO was fixed at Rs 97.52 per litre - up more than 10 per cent over the previous rate of Rs 88.62. The kerosene price was fixed at Rs 103.84 per litre, showing an increase of about 5.5 per cent over the previous rate of Rs 98.46.
The government is charging 17 per cent general sales tax (GST) on all petroleum products. Besides the GST, the petroleum levy ranging between Rs 14-18 per litre was being charged on petrol and HSD and Rs 3-6 on kerosene and LDO.
Petrol and HSD are two major products that generate most of the revenue because of their massive and yet growing consumption in the country. Total HSD sales are touching 800,000 tonne against monthly consumption of around 700,000 tonne of petrol. The sales of kerosene and LDO are generally less than 10,000 tonne per month.
Casa Arabe is committed to being a meeting point between Spain and the Arab world
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