Infographic: Taxes You Pay On Petrol & Diesel

From our friends at
Factly

September 11th, 2017

Representational Image: Khabar India

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 revenuthrough 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.



Read more at Factly | Author – Uday Erothu

Share your thoughts..

Related Stories

Can A Mobile E-Wallet Be Used Inside A Petrol Pump?

Petrol

Oil Ministry Plans To Sell Fuel Online; Is It Safe?

Even As Fuel Prices Rise, Govt Earnings From Petroleum Products Increased 3 Times In Last 5 Years: RTI

Fuel Prices Soar To Highest In Years: Petrol Price Crosses Rs 70/Lt In Delhi, Approaches Rs 80/Lt In Mumbai

Tamil Nadu & Maharashtra To Have Their Own Taxes Outside GST; Centre Approves

Petrol Pumps To Remain Shut Every Sunday

Petrol Pumps In South India And Maharashtra To Remain Shut On Every Sunday From May 14

Latest on The Logical Indian

News

Alleged Assault On Chief Secretary By AAP MLAs: A Timeline Of Events

My Social Responsibility

It Is High Time We Talk About Mental Health

News

Banking Shares Fall After Massive PNB Fraud Shock

News

Nirav Modi Illegally Diverted Rs 1,216 Crore Of Diamonds Meant For Export From SEZ To Domestic Market, Reveals IT Dept Probe

Get Inspired

Retired Headmistress Donates Land Worth Rs 4 Crore For Construction Of Govt School

News

Another Fraud: Directors Of Mehul Choksi’s Nakshatra And Gili Live In Slums, Reveals CBI Raid