After the excise duty cut announced in the Budget, 52 per cent of petrol price is made up of duties and taxes (customs, excise and sales tax) while 31 per cent of diesel price is made up of taxes, Minister of State for Petroleum and Natural Gas Dinsha Patel said.

Petrol price in Japan is made up of 45 per cent duties and taxes, while that in Canada is 34 per cent. The US has only 18 per cent, Pakistan 39 per cent and Thailand 36 per cent duties in the price.

For diesel, Japan has 33 per cent levies in the price, Canada 24 per cent, USA 18 per cent, Pakistan 20 per cent and Thailand 24 per cent, he said.

In India, petrol is priced at Rs 42.85 a litre, higher than Rs 39.38 per litre in Sri Lanka, Rs 39.01 in Pakistan, Rs 35.80 in Bangladesh, Rs 42.02 in Nepal, Rs 32.56 in Philippines, Rs 30.57 in Thailand, Rs 33 in Canada and Rs 26.34 in USA, he said.

However, South Korea charges Rs 65.99 a litre for petrol and Japan Rs 48.80. Similarly, the diesel price of Rs 30.25 a litre in India was higher than Rs 24.36 per litre in Sri Lanka, Rs 27.39 in Pakistan, Rs 21.10 in Bangladesh, Rs 28.92 in Philippines, Rs 28.29 in Thailand and Rs 29.16 in USA.

However, the price of diesel at Rs 41.47 in Japan, Rs 36.22 in Canada and Rs 33.31 a litre in Nepal was higher than the price of the fuel in India.