By Aman Raj:
On February 29th while presenting the Union Budget 2016, Finance minister Arun Jaitley tried to cheer the public with a steep cut of Rs 3.02 per litre in petrol prices. Despite deregulation, petrol prices still seem to be in the control of the government. A regular consumer is hardly aware as to why they are spending such a steep amount on fuel.This 75-second video breaks down the price of petrol in India, one tax at a time. It gives a short but comprehensive understanding of how the State structures petrol costs. The objective is to demystify some of the common assumptions that consumers have about petrol pricing and to educate them about the various components including taxes levied by Central and State Government on the commodity.