Tax on Diesel
Tax On Diesel
|Price before Tax||42.72 /Ltr|
|Central Tax||13.83 /Ltr|
|State Tax||9.76 /Ltr|
|Retail Selling Price||66.31 /Ltr|
How will GST effect Diesel Prices?
|TAX ON Diesel||Diesel PRICE|
|55.22% (Current Tax Rate)||66.31 /Ltr|
If Diesel is Taxed on Prevailing GST Rates
Tax Rate on Diesel in India
The Retail Selling Price of Diesel in Delhi on 16 April 2019 is 66.31 Rs./Litre
For Diesel, the Oil Marketing Companies (OMCs) charged a Price of 40.23 Rs./Litre from its Dealers. This price includes the Refinery Transfer Price (RTP - Price paid by the OMCs to Refineries), Marketing Cost, Margin, Freight and Other charges. The Commission paid by the OMCs to its Dealers is fixed at 2.49 Rs./Litre. Hence if the tax on Diesel was NIL the Diesel would cost 42.72 Rs./Litre.
Central Tax (Excise Duty) levied on Diesel is 13.83 Rs./Litre. State Tax (VAT & Local Levies) levied on Diesel is 9.76 Rs./Litre.
Current Tax Rate levied on Diesel is 55.22%, i.e. you pay Rs. 23.59 as tax when you buy one Litre of Diesel which Retails at a Price of 66.31 Rs./Litre in New Delhi.
Chart of Tax on Diesel
Diesel Price Build Up
|Price Charged to Dealers||40.23||Rs/Ltr|
|VAT (including VAT on Dealer Commission)||9.76||Rs/Ltr|
|Retail Selling Price||66.31||Rs/Ltr|
|Tax on Diesel||55.22||%|
Historical Diesel Price Build-Up Trend
Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.
~ Veerappa Moily