NEW DELHI: A look at the street prices in neighbouring countries shows petrol and diesel sold in India — which is of superior quality — almost at par, while kerosene and cooking gas rates turn out to be the cheapest in South Asia.
After equalizing various currencies at their dollar exchange rate prevailing on June 4, in terms of Indian rupee the cost of a litre of petrol in Kathmandu was Rs 51.36 a litre on June 1 against Rs 51.43 in Delhi after the June 25 price revision. In comparison, the fuel sold for Rs 49.72 a litre in Dhaka and Rs 47.24 in Colombo but turned out cheaper in Karachi at Rs 36.41.
While each litre of superior Euro-IV diesel costs Rs 40.10 in Delhi, the main transportation fuel sells for Rs 41.44 in Karachi, Rs 39.24 in Kathmandu, Rs 29.90 in Colombo and Rs 29.43 in Dhaka. Industry analysts attributed the price differential to the difference in quality, with the Indian market moving to cleaner Euro-III and IV supplies. The difference in tax structures too contribute to the marginal difference in prices.
But prices in India shine when it comes to cooking gas and kerosene. Against the price of Rs 345.35 for a cylinder in Delhi, households pay Rs 577.18 in Karachi, Rs 782.84 in Kathmandu, Rs 822.65 in Colombo and Rs 537.37 in Dhaka. After the hike, a litre of kerosene costs Rs 12.32 in Delhi, but will cost Rs 39.24 in Kathmandu, Rs 35.97 in Karachi, Rs 29.43 in Dhaka and Rs 21 in Colombo.
Source: The Times of India