For instance, the CPC increased the price of a litre of 92 Octane petrol to Rs. 137, but it has to spend Rs. 150 for its production and distribution.
That means a loss of Rs. 13 per litre.
The state imposes a tax of Rs. 60 on a litre of petrol, and if that is reduced, the CPC’s losses can be minimized and petrol price can be reduced too.