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As the prices for petrol and diesel have continued to rise for the 10th straight day because state-run oil marketers increased rates according to the crude oil prices, here’s a look at how much tax we actually pay for fuel:
1. The Central Excise Duty on petrol increased from Rs 9.48 per litre to Rs 21.48 per litre in the three-plus years of the BJP government. On the other hand, the duty on diesel increased by more than four times from Rs 3.56 per litre to Rs 17.33 per litre.
2. The state VAT on petrol is at least 25 percent in 26 states, with the highest in Mumbai at 48.98 percent. The state VAT on diesel is more than 20 percent in 15 states, and is highest in Andhra Pradesh with 31.06 percent.
3. The central government revenue, through excise duty on petrol and diesel, more than tripled between 2013-14 and 2016-17. During the same period, the state government revenue through VAT increased marginally.
4. In the retail selling price of diesel (in Delhi at IOCL as of 9 September), 44.6 percent is taxes. In other words, for every Rs 100 you pay for diesel, Rs 37.3 goes to the government in the form of taxes. This is will more or less the same in different states based on the state VAT and other factors.
5. In the retail selling price of petrol (in Delhi at IOCL as of 9 September 2017), 51.6 percent is taxes. In other words, for every Rs 100 you pay for petrol, Rs 46.7 goes to the government in the form of taxes. This is will more or less the same in different states based on the state VAT and other factors.
(The story was originally published on Factly.in and has been republished here with permission)
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