It’s the beginning of a brand new week and, mercifully, there isn’t any hike within the value of petrol or diesel. Could 16 was the final value enhance – making petrol costlier by 24 paise a litre (Rs 98.88) and diesel by 27 paise (Rs 90.40) – in Mumbai.
- 58.6 p.c of the petrol value in Delhi is tax
- 52.85 p.c of the price of diesel in Delhi is tax
In Delhi, tanking up on petrol prices Rs 92.58 a litre and fuelling with diesel means you fork out Rs 88.02 a litre. One of many key causes for the sustained rise in gas costs is the excessive stage of taxation. Take a look at the information sheet under which reveals the extent to which the 2 fuels are taxed, with Delhi because the benchmark.
Of the Rs 92.58 value of a petroleum litre, Rs 32.90 or 35.53 p.c is charged because the Central authorities’s ‘Excise Obligation’ and Rs 21.36 or 23 p.c is what the state levies. Put collectively, taxes account for Rs 54.26 or 58.60 p.c of the value of petrol within the capital metropolis.
It’s comparable with diesel, which prices Rs 83.22 a litre in Delhi at this time. Whereas Central taxes comprise Rs 31.80 or 38.21 p.c of the value, state VAT accounts for Rs 12.19 or 14.64 p.c of the retail value. Cumulatively, taxes comprise Rs 43.99 or 52.85 p.c of the ultimate promoting value to the buyer.