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



Related Stories

88 Lakh Taxpayers Did Not File Taxes During Demonetisation Fiscal, Says Report

Solar Pumps Kutch Salt Farmers

Replacing Diesel Pumps With Solar Pumps: This Is How Solar Panel Has Brighten Lives Of Kutch’s Salt Farmers

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?

Volkswagen Uses Monkeys To Inhale Diesel Fumes For Study, Faces Criticism

Why Don’t Farmers Pay Taxes And Other Questions?

Latest on The Logical Indian

Awareness

Definition Of Kilogramme, Kelvin, Mole & Ampere Changes, India Adopts New Standards For Measuring Units

Awareness

How Votes Are Counted In Indian Elections?

Environment

Remembering Tuticorin Firings: City Mourns Victims Of Anti-Sterlite Protests

News

7-Yr-Old Sperm Whale Found Dead With Stomach Full Of Plastics In Italy

News

Washington Becomes The First State To Approve Composting As An Alternative To Cremation & Burial

News

Arunachal Pradesh MLA, Son Among 11 Others Killed In Ambush; Counter-Insurgency Operation Launched

x

Stories that deserve attention, delivered to your inbox!

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