Taxes You Pay On Petrol & Diesel

From our friends at
Factly
Uday Erothu

May 22nd, 2018 / 1:26 PM

Image Credit: Khabar India TV

1. The Central Excise Duty on Petrol increased from Rs 9.48 per liter to a high of Rs 21.48 per liter. In October 2017, the excise duty on Petrol was reduced by Rs 2 per liter, the first such reduction by the BJP government.  On the other hand, the duty on Diesel increased by more than 4 times from Rs 3.56 per liter to a high Rs 17.33 per liter. Like Petrol, the duty was reduced by Rs 2 per liter in October 2017 to Rs 15.33 per liter.


Taxes on Petrol and Diesel_infographic-01


2. The State VAT on petrol is at least 25% in 20 states with the highest in Mumbai at 39.78%. The State VAT on diesel is more than 20% in 12 states and highest of 28.47% in Andhra Pradesh.


Taxes on Petrol and Diesel_infographic-02


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.


Taxes on Petrol and Diesel_infographic-04


4. In the retail selling price of diesel (in Delhi at IOCL as of 21st May 2018), 37.3% is taxes. In other words, for every Rs 100 you pay for diesel, Rs 37.3 goes to the government in the form the taxes in Delhi. This is will more or less in different states based on the State VAT & other factors.


Taxes on Petrol and Diesel_infographic-05


5. In the retail selling price of petrol (in Delhi at IOCL as of 21st May 2018), 46.7% is taxes. In other words, for every Rs 100 you pay for petrol, Rs 46.7 goes to the government in the form the taxes in Delhi. This is will more or less in different states based on the State VAT & other factors.


Taxes on Petrol and Diesel_infographic-03



Share your thoughts..

Related Stories

Petrol and Diesel

Who Benefitted From Increase In Taxes On Petrol & Diesel?

Fact Check: Are Unpaid Dues To Iran, UPA Era Subsidies And NPAs Responsible For The Petrol/Diesel Price Rise?

Why Don’t Farmers Pay Taxes And Other Questions?

Infographic: Taxes You Pay On Petrol & Diesel

My Story Vietnam

Life Story: The People Here Appreciate You For Who You Are, They Never Judge You Based On Where You’re From

We Demand A Lot From Govt But Only 1% Of India’s Population Pay Taxes

Latest on The Logical Indian

Get Inspired

Bengaluru: A Vigilant Traffic Warden Reunites Missing 2-Year-Old With Her Parents

News

Sabarimala Shrine Opens Amid Violence; Kerala CM Says Rituals Must Change With Time

News

Pune: Woman Allegedly Boycotted At Dandiya Event Because She Refused “Virginity Test” After Marriage

News

Delhi Police On Lookout For Ex-BSP MP’s Son Who Waved A Gun Outside Posh Hotel

News

Bengaluru: Two Men Siphon Off Lakhs From Businessmen By Hacking Their SMSs & Stealing Card Details

News

Central University Teachers May Now Be Dismissed For Speaking Against The Government, Says UGC Order

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.