Has the commision being given to Petrol Pump owners decreased after the recent hike in price?

Question

Has the commision being given to Petrol Pump owners decreased after the recent hike in price?

Answer 1

No it has not. Infact, the retail price of petroleum products is declared after including retailer commision which at present is not more than 5 percent. That is why, the prices are always in some odd paisa, like 46.89/litre and so on. There are various taxes including excise and sales tax which are added on the final cost price at the refinery level which at present is Rs. 30.75/ litre.