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Let me decode the petrol price build up again for you.
This pie chart is preapred from the price build-up given by IOC dated 16-04-2022, ex-Delhi.
The tax on petrol is 43% of the total price of petrol, ie, we pay 80% as tax on the base price of petrol.
#thread #fueltax
This pie chart is preapred from the price build-up given by IOC dated 16-04-2022, ex-Delhi.
The tax on petrol is 43% of the total price of petrol, ie, we pay 80% as tax on the base price of petrol.
#thread #fueltax
The source is here, IOC price build-up for ex-Delhi
Base Price - Rs. 56.32/lit
Freight & Dealer Commission - Rs. 0.20+3.86/lit
Central Excise Duty - Rs. 27.90/lit
State VAT - Rs. 17.13/lit
Base Price - Rs. 56.32/lit
Freight & Dealer Commission - Rs. 0.20+3.86/lit
Central Excise Duty - Rs. 27.90/lit
State VAT - Rs. 17.13/lit
How the Central Government increased the Excise duty on Petrol, this chart will explain it.
While NDA took over in 2014, the tax was Rs.9.48 (wef 14/09/22), it was continuously increased to Rs.32.98 (on 6.06.2020.
On 4.11.2021, the central excise is reduced to Rs.27.90
While NDA took over in 2014, the tax was Rs.9.48 (wef 14/09/22), it was continuously increased to Rs.32.98 (on 6.06.2020.
On 4.11.2021, the central excise is reduced to Rs.27.90
