Do you know how much profit is made by refining a barrel of crude oil in India?

The federal government says the state government should reduce the VAT on petrol. The state government is saying that the central government should reduce the excise duty … But as the prices of petrol and diesel go up, we are seeing the prices of all commodities go up every day. In this context, crude oil prices are said to be the main reason for the rise in petrol and diesel prices. Not only petrol and diesel are available from crude oil. Also some products are available. By refining crude oil, there is a price for all products that are available.

One barrel of crude oil is 159 liters. That means there will be 159 liters of crude oil in that jar that we say is a barrel. When refining this one barrel of crude oil, 72 liters of petrol, 38 liters of diesel, 15 liters of aviation fuel, 34 liters of tar and naphtha are available. The price of a barrel of crude oil is $ 103, or 7,828 rupees in Indian rupees.

There are 3 types of petrol. That is, they are the same as the regular petrol we use, the petrol used for speed petrol and the so-called octane 97 super cars. Ordinary petrol costs Rs 110, speed petrol Rs 114 and octane 97 petrol Rs 130. So, assuming the price of a liter of available petrol is approximately Rs 115, a barrel of crude oil is available at Rs 8,280 with only 72 liters of petrol.

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The sale of 38 liters of diesel fetches about Rs 3,800. Based on the price of aviation fuel at Rs 110, a barrel of crude oil can fetch aviation fuel worth Rs 1,550. To go with these, tar and naphtha are available in quantities of 34 liters. Assuming an average price of Rs 50, these are available up to Rs 1,700 through tar and naphtha alone.

That is, from a barrel of crude oil that you buy for Rs 7,828, you get goods worth Rs 15,330, including taxes and production costs. That is, about 100 percent more is available.

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