Taxes you pay on Petrol & Diesel

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  1. The Central Excise Duty on Petrol increased from Rs 9.48 per liter to Rs 21.48 per liter in the 3 plus years of the BJP government. On the other hand, the duty on Diesel increased by more than 4 times from Rs 3.56 per liter to Rs 17.33 per liter

Taxes you pay on Petrol & Diesel_central Excise Duty on petrol diesel

2. The State VAT on petrol is at least 25% in 26 states with the highest in Mumbai at 48.98%. The State VAT on diesel is more than 20% in 15 states and highest of 31.06% in Andhra Pradesh.

3. The central government revenue through excise duty on petrol & diesel more than tripled between 2013-14 and 2016-17. During the same period, the state government revenue through VAT increased marginally. 

4. In the retail selling price of diesel (in Delhi at IOCL as of 09th September 2017), 44.6% is taxes.

5. In the retail selling price of petrol (in Delhi at IOCL as of 09th September 2017), 51.6% is taxes.

 

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2 Comments

  1. This is the simple funda of the Govt : loot the people who can be looted to fill the kofers and then redirect this money to populist schemes. Populist schemes are not bad per se, however routing this money to the contractors and suppliers via these populist schemes is the actual GAME. How would otherwise these big parties manager their cadres ? Think about it …

  2. Pingback: Here’s An Insight Of Why Petrol Prices Are Frequently Fluctuating And How Crude Oil Is Imported To Our Country! - Officialtollywood

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