'Will see shift from petrol to CNG over next 12-18 months,' says Fuel Excise Duty Hiked Aatmanirbhar

2020-12-19 · The present excise duty on petrol is ₹32.98, which, when UPA-2 left office was just ₹9.48 per litre. In other words, excise duty on petrol is 348% higher now than in 2014. Similarly, the present excise duty on diesel is ₹31.83 which has increased by 894% more than ₹3.56, when UPA-2 remitted office.

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Excise duty on petrol in india

188. 186 Kilometerskatt Kilometre tax on diesel fuel. 2 737. 10. – Indien India. 907.

At this point, the Centre levies Rs 32.98 as excise duty. Dealers add their commission of Rs 3.69, followed by the state’s VAT or sales tax of Rs 19.92. Now, India charges close to 70% tax of the price of fuel!

The government obtained the parliamentary approval to increase the special excise duty on petrol by Rs 18 and on diesel by Rs 12. The earlier limit was Rs 10 for petrol and Rs 12 for diesel. The government has utilised only part of its tax entitlement by raising excise duty by Rs 12 on petrol and Rs 9 on diesel.

Petrol prices crossed Rs 100-mark in some places in Rajasthan, Maharashtra and Madhya Pradesh in February as international oil soared. The excise duty on diesel is now Rs 31.83 and on petrol Rs 32.98 in 2020. Worth to mention that tax on petrol was Rs 9.48 per litre and on diesel, it was Rs3.56 a litre when the Modi government Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.Special excise duty on petrol was 2020-04-30 · This means excise duty, technically, does not exist in India except on a few items such as liquor and petroleum.

Dealer’s commission is Rs 2.53 per litre on diesel against Rs 3.65 on petrol. The total tax and duty component on diesel in Delhi is Rs 42.81 per litre. In percentage terms, the total tax on diesel in Delhi is over 59 per cent. The Centre gets Rs 31.83 (over 117 per cent of the base price) per litre of diesel as excise duty.

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Petrol now cost ₹69.87 a litre in Delhi and a litre of diesel comes for ₹62.58.
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Feb 17, 2021 As a result, the Centre's tax (basic excise, surcharge, agri-infra cess and road/ infra cess) is currently Rs 31.83/litre for diesel and Rs 32.98/litre for

"We are very hopeful that revenue in the coming The latest revision of excise duty was on 06 May’2020 when the Central Government announced another major hike in the Central excise duty with an increase of ₹ 10 on petrol and ₹13 on diesel. As on date, the excise duty on Petrol is ₹ 32.98, while it is ₹ 31.83 in the case of diesel.

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2 737. 10. – Indien India. 907. 4 452. Prices include tax, incl. the price of transmission of electrical energy Energy prices; Energy Authority; Finnish Petroleum and Biofuels Association; Finnish Prices include tax, incl.