Tax on Petrol
Tax On Petrol
|Price before Tax||46.61 /Ltr|
|Central Tax||17.98 /Ltr|
|State Tax||17.44 /Ltr|
|Retail Selling Price||82.03 /Ltr|
How will GST effect Petrol Prices?
|TAX ON Petrol||Petrol PRICE|
|75.99% (Current Tax Rate)||82.03 /Ltr|
If Petrol is Taxed on Prevailing GST Rates
Chart of Tax on Petrol
Tax Rate on Petrol in India
The Retail Selling Price of Petrol in Delhi on 8 October 2018 is 82.03 Rs./Litre
For Petrol, the Oil Marketing Companies (OMCs) charged a Price of 42.96 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 3.65 Rs./Litre. Hence if the tax on Petrol was NIL the Petrol would cost 46.61 Rs./Litre.
Central Tax (Excise Duty) levied on Petrol is 17.98 Rs./Litre. State Tax (VAT & Local Levies) levied on Petrol is 17.44 Rs./Litre.
Current Tax Rate levied on Petrol is 75.99%, i.e. you pay Rs. 35.42 as tax when you buy one Litre of Petrol which Retails at a Price of 82.03 Rs./Litre in New Delhi.
Petrol Price Build Up
|C&F (Cost & Freight) Price||$/bbl|
|Average Exchange Rate||Rs/$|
|Price Charged to Dealers||Rs/Ltr|
|VAT (including VAT on Dealer Commission)||Rs/Ltr|
|Retail Selling Price||Rs/Ltr|
|Tax on Petrol||%|
Historical Petrol 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