Petrol price statistics in India
old one but i did get the latest structure
'"Suppose if the petrol price per litre in Chennai is Rs 51.90, here the break-up of cost calculated by the government:
- Basic Price = Rs 21.93
- Excise duty = Rs 14.35
- Education Tax = Rs 0.43
- Dealer commission = Rs 1.05
- VAT = Rs 5.5
- Crude Oil Custom duty = Rs 1.1
- Petrol Custom = Rs 1.54
- Transportation Charge = Rs 6.00
- Total price = Rs 51.90
So for a Rs 22 litre petrol at pumps, consumers in India pay Rs 28 tax extra.
"
Why is this so can we do anything to this endless hike....
why shouldn’t the government reduce tax on fuel