How petrol price is actually calculated in india?

Many Indians are searching for exact data on fuel (petrol/diesel) price calculation. Here I have tried to create best explanation to understand the goverment's acche din khwaab.

Details Case 1 Case 2 Case 3 Case 4
Per Barrel Price  in USD 40 60 70 100
Average USD rate 63 63 63 63
Rate India in Rs 2520 3780 4410 6300
Per Liter price of Petrol ( 1 barel= 159 ltr) 15.85 23.77 27.74 39.62
1 ltr petrol needs .86 ltr of crude ( so net price will be) 13.63 20.45 23.85 34.08
Crude to Petrol conversion cost with Transportation per ltr 6 6 6 6
Cost after conversion cost 19.63 26.45 29.85 40.08
Central excise / custom Duty 25% 4.91 6.61 7.46 10.02
Price after central taxes 24.54 33.06 37.32 50.09
State Tax like VAT  - average 25% 6.13 8.26 9.33 12.52
After VAT 30.67 41.32 46.65 62.62
Petrol price in India 64 64 64 64
Excess Price Charged by Oil Companies -33.3 -22.7 -17.4 -1.38

So what do think my friends? Please share your thoughts in comment.

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