Taxes You Pay On Petrol & Diesel

From our friends at
Factly
Uday Erothu

May 22nd, 2018 / 6:18 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

After Fuel Hike, Non-Subsidised LPG Was Hiked By ₹48; Subsidised By ₹2.34

Taxes You Pay On Petrol & Diesel

Petrol Price Rises To Rs 84.70 In Mumbai; Why Are Fuel Prices Skyrocketing In India?

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

Infographic: Taxes You Pay On Petrol & Diesel

Latest on The Logical Indian

News

Madras HC Tells CBSE To Implement Ban On Homework For Classes 1 & 2 Or Face Strict Consequences

News

MP: IPS Officer To Retire Over “Non-Performance” After MHA Order

Awareness

[Video] Often Wondered What RBI Exactly Does? This Video Explains In Just 5 Minutes

Sports

India Shines Again: Vinesh Phogat Becomes First Indian Woman Wrestler To Win Gold At Asian Games

My Story

Life Story: “I Can Make Money Tomorrow Too”

News

Gujarat: Sweeper Seen On Camera Giving Stitches At Civil Hospital, Officials Say It Is An Usual Affair

x

Stories that deserve attention, delivered to your inbox!

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