Fuel prices continued their record-breaking run on Friday, as petrol today neared Rs 80 a litre in Delhi and Rs 87.39 in Mumbai. But have you ever thought why fuel prices are ‘unreasonably’ high only in India and not in our neighbouring countries?
The taxes that you pay on petrol and diesel nearly double its retail price. As of today, the Indian Oil Corporation, one of the largest oil retailers, charges Rs 39.21 a litre to dealers excluding VAT and excise to dealers but what you end up paying is nearly Rs 80 a litre.
Here’s a break-up of all the taxes and levies that you pay on petrol and diesel:
Excise duty
The excise duty levied on normal petrol is Rs 19.48, while on branded petrol, it is Rs 20.66. For regular high-speed diesel, the excise duty is Rs 15.33, and for branded high-speed diesel, it is Rs 17.69.
VAT
VAT on petrol and diesel varies from state to state. Maharashtra government levies the highest VAT on petrol and diesel at 39.12% and 24.78% respectively in Mumbai, Thane and Navi Mumbai. However, for rest of the Maharashtra, it is 38.11% for petrol and 21.89 for diesel. VAT on petrol is 35.12% in Punjab, 35.77% in Andhra Pradesh and 35.78% in Madhya Pradesh.
Here’s the state-wise list of VAT levied on petrol and diesel
|
States |
Petrol |
Diesel |
|
Andhra Pradesh |
35.77% |
28.08% |
|
Arunachal Pradesh |
20.00% |
12.50% |
|
Assam |
30.90% |
22.79% |
|
Bihar |
24.71% |
18.34% |
|
Chattisgarh |
26.87% |
25.74% |
|
Delhi |
27.00% |
17.24% |
|
Goa |
16.66% |
18.88% |
|
Gujarat |
25.45% |
25.55% |
|
Haryana |
26.25% |
17.22% |
|
Himachal Pradesh |
24.43% |
14.38% |
|
Jammu & Kashmir |
27.36% |
17.02% |
|
Jharkhand |
25.72% |
23.21% |
|
Karnataka |
30.28% |
20.23% |
|
Kerala |
30.37% |
23.81% |
|
Madhya Pradesh |
35.78% |
23.22% |
|
Maharashtra – Mumbai, Thane & Navi Mumbai |
39.12% |
24.78% |
|
Maharashtra (Rest of State) |
38.11% |
21.89% |
|
Manipur |
23.67% |
13.97% |
|
Meghalaya |
22.44% |
13.77% |
|
Mizoram |
18.88% |
11.54% |
|
Nagaland |
23.21% |
13.60% |
|
Odisha |
24.62% |
25.04% |
|
Punjab |
35.12% |
16.74% |
|
Rajasthan |
30.80% |
24.09% |
|
Sikkim |
27.87% |
15.71% |
|
Tamil Nadu |
32.16% |
24.08% |
|
Telangana |
33.31% |
26.01% |
|
Tripura |
23.15% |
16.18% |
|
Uttarakhand |
27.15% |
16.82% |
|
Uttar Pradesh |
26.90% |
16.84% |
|
West Bengal |
25.25% |
17.54% |
|
Union Territories |
|
|
|
Andaman & Nicobar Islands |
6.00% |
6.00% |
|
Chandigarh |
19.76% |
11.42% |
|
Dadra & Nagar Haveli |
20.00% |
15.00% |
|
Daman & Diu |
20.00% |
15.00% |
|
Lakshadweep |
- |
- |
|
Puducherry |
21.15% |
17.15% |