How 186% tax is levied on petrol in India! Click here to understand the full math

How 186% tax is levied on petrol in India!  Click here to understand the full math

On Friday, state-owned oil companies raised diesel prices by 33-35 paise and petrol by 30-33 paise. For the first time in the national capital, petrol has crossed Rs 90 per kg.

In Delhi, petrol is priced at Rs 90.19 and diesel at Rs 80.60 per liter. Today we are going to tell you what is the price of petrol without tax?

We are going to tell you how much tax the central and state governments charge on petrol? Delhi is taxed less than other states. Even then, 168 per cent duty is levied on petrol here.

According to Indian Oil (IOC), the former factory price of a liter of petrol is only Rs 31.82 but the central and state governments replenish their coffers by imposing VAT and duty on petrol. In Delhi, the central government is levying Rs 32.90 crore and the state government Rs 20,611 crore. The total tax of the Center and the States became Rs.53.51.

Tax on diesel

The former diesel factory in Delhi costs Rs 33.46 per liter. The central government’s tax is Rs 31.80 and the state government’s tax is Rs 11.68. Thus, the total tax becomes Rs 43.48 per liter.

So now you must understand how the central and state governments have increased the price of petrol.

Leave a Reply

Your email address will not be published. Required fields are marked *