Petrol became costlier by Rs 21 in 1 year, exceeding 100 in 19 states – know how much tax the government is charging from you?

New Delhi. Petrol and diesel prices in India are at an all-time high. At present, in 19 states of the country, the price of petrol has crossed 100, while in many cities it has crossed Rs 110. Domestic fuel prices have increased drastically since the beginning of May. If we talk about the rate of petrol and diesel, then in the last 1 year itself, petrol has become costlier by Rs 21 per liter.

80 rupees a liter in July last year
If we talk about last July, on July 21, petrol in Delhi was Rs 80.43 and diesel Rs 81.64 per liter, which has increased to Rs 101.84 per liter of petrol and Rs 89.87 per liter today. That is, in this 1 year, petrol has become costlier by Rs 21.41.

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Petrol crosses 100 in 19 states
The price of petrol has crossed the Rs 100 per liter level in at least 19 states and union territories of the country. In which Maharashtra, Delhi, West Bengal, Tamil Nadu, Andhra Pradesh, Telangana, Rajasthan, Madhya Pradesh, Karnataka, Uttar Pradesh, Haryana, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala, Punjab, Sikkim and Nagaland are included.

This is how the prices of petrol and diesel are decided
The fuel price in India depends on the international crude oil prices, rupee-dollar exchange rate. Apart from this, the central government and states levy various taxes like excise duty and value added tax (VAT) on petrol and diesel. The dealer’s commission and freight charges are also added to the fuel price. It should be noted that petrol and diesel do not come under the purview of Goods and Services Tax (GST).

Know how much tax the government is collecting
7 years ago, about two-thirds of the retail price of petrol was of crude oil. Today almost the same share has become the tax of the Center and the states. The data shows that the central government is charging more tax on petrol than the states. On an average, the state governments are charging a tax of about Rs 20 per liter of petrol, while the central government is charging around Rs 33 per litre. The sales tax or VAT imposed by the state governments on petrol and diesel varies from state to state.

Also read: Petrol-Diesel Price today: No increase in prices today, expected reduction in rates due to cheaper crude oil

Excise duty increased 13 times
Explain that at present, the central government charges a total of Rs 32.98 per liter of petrol in the name of basic excise, surcharge, agri-infra cess and road / infra cess. For diesel, it is Rs 31.83 per liter. So far the government has increased the excise duty 13 times. The last surcharge on petrol and diesel was increased by Rs 13 per liter on petrol and Rs 16 per liter on diesel in May 2020.

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