Crude oil price - truth revealing in Indian oil price

Crude oil price - truth revealing in Indian oil price

Refineries can obtain from 42 US gallon barrels of crude oil the following fuels (among a total of 44 gallons of by-products):
- 20 gallons of gasoline (petrol)
- 7 gallons of diesel
So the conversion rate of crude oil to gasoline is 47.6%. To answer your question, 0.48 liter of gasoline is produced from 1 liter of crude oil



1 barrel of oil is known to be equal to 158.987295 liters.

One Barrel of Crude Oil makes almost 19 or 19.5 gallons of Gasoline, which when gets converted it makes 73.8 liters of petrol/gasoline

Crude oil price - 158.987295 litres  at  $38 (If one $ is Rs 66 then 38$ is Rs 2508)
For one litre crude oil - 2508 / 158.98 = Rs 16 (Real price of the crude oil in the world )

- 20 gallons of gasoline (petrol) - (20 * 3.785 = 75.7   litres)
- 7 gallons of diesel             - (7 * 3.785  = 26.495 litres )

Actual price petrol in India - one litre Rs 56
Actual price diesel in India - one litre Rs 40

75.7   * 66   =  Rs 4996
26.495 * 55 =  Rs 1457
Other produ =  Rs 1000
Total            =  Rs 7453.225

So for one litre crude oil price in india is Rs 7453.225/158.98litres = Rs 46.881  ( amlost 200% hike of the real world crude oil price)
We are living in a country which makes a fake hike of real product price.
The prices mentioned here is a approximate price, it may differ with actual dollar variations and crude oil price variations. but the my calculations are right.