How Petrol Price is Calculated in India - Do You Know

Nov 01 2016 Education 01:11 XXXX XXXX XXXX XXXX

Here is the detailed explanation of Petrol Price breakup in India. Retail Selling Price (RSP) of Petrol is determined based on a lot of factors. The average price of Crude Oil of the Indian Basket is calculated every fortnight. This price is calculated in dollars per Barrel. The price in Indian rupees is also dependent on the average exchange price for that fortnight.