Thursday, 5 October 2017

Taxes you pay on Petrol & Diesel


click here for download tax detail on petrol and diesel in pdf by chart


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.



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
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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