Price of 1 litre petrol without tax is Rs..., dealer commission, and tax rates are...
New Delhi. Petrol and diesel are commodities on which the highest and multiple types of taxes are levied. Petrol and diesel still do not come under GST. The central and state governments levy different taxes on both these fuels: the central government imposes excise duty on petrol and diesel, while the state governments levy VAT. Apart from this, the base price of crude and other charges, including dealer commission, increase the prices of petrol and diesel. Let us tell you the actual price of petrol, which is available at Rs 96.72 per liter in Delhi, and how many types of taxes increase its price.
New Delhi: The prices of petrol and diesel are always skyrocketing due to several types of taxes levied on them. Petrol and diesel still do not come under GST, but the central and state governments levy different taxes on both these fuels. The central government imposes excise duty, while state governments levies VAT on both the fuels. Apart from this, the base price of crude and other charges, including dealer commission, increase fuel prices. Have you ever wondered what is the actual price of petrol? Lets find out. How Many Types Of Taxes Are There On Fuel?
Prices of petrol and diesel depend on four major components. The first component is the excise duty and VAT tax which is levied by the central and state governments. After the dealer commission and charges are added to the fuel prices. Here is the table where you can see the taxes and other charges levied on petrol in Delhi.
State-level variations in Value Added Tax (VAT) rates lead to differing petrol and diesel prices across India. This is why fuel prices are higher in some states than in others. What Is The Actual Price Of Petrol?
The dealer price of petrol is Rs 55.66, but after adding all taxes and charges, customers pay Rs 94.72 per litre. So, without these taxes, petrol would cost Rs 55.66 per liter. Interestingly, even Rs 55.66 includes some charges.
Crude oil costs Rs 40 per liter. Oil marketing companies add Rs 5.66 per liter for processing and Rs 10 per liter for inflation buffering, resulting in a dealer price of Rs 55.66 per liter.
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