Petrol and diesel is the cheapest in this part of the country
More than half of the price of petrol and diesel is taxed by the central and state governments. As a result, there is a difference between prices of petrol and diesel in Mumbai and Delhi, while there is one area in the country where taxes of states are surprising.
Petrol and diesel prices are making new records every day across the country. If petrol prices are going up to Rs 90 per liter in the financial capital Mumbai, then the petrol has broken the petrol price by Rs 80 per liter in Delhi. In such a case, there is an area of the country where even today the price of petrol and diesel is at half the rate from other parts of the country. Yes, yes, the price of petrol and diesel in this part of India is equal to those neighboring countries and the people here are not being hit by inflation.
More than half of the price of petrol and diesel is taxed by the central and state governments. This is because the petrol in Mumbai is going to be worth Rs. 90 per liter and it is selling at 80 rupees in Delhi.
Read this: On the good days of the finished crude oil prices, the government is not afraid to give the daily pricing formula
Learn Mathematics of Petrol and Diesel
Actually the actual price of petrol and diesel is on which the oil companies in the country provide oil to the pump dealers. Talking about Friday, the country's largest oil firm Indian Oil Corp sell petrol pumps at a rate of Rs 39.21 per liter. This price does not include VAT and excise duty, and on the same sale, the common man is paying 80 rupees in Delhi for one liters of petrol on petrol pump, then in Mumbai, the consumer is paying about Rs 90.
Read this: Learn why the rupee is falling against the dollar, why the RBI and the government are helpless?
VAT and excise
19.48 rupees on the actual cost of gasoline is added as excise duty. On the diesel, excise duty of Rs 15.33 is added. This duty becomes part of the revenue from the Central Government tax. In addition, VAT is charged at different rates in each state. In Maharashtra, where VAT is charged 39.12 per cent of the actual price of petrol, the VAT in Delhi is 27 per cent on petrol price.
state
Andra Pradesh
Assam
Gujarat
Jammu and Kashmir
Madhya Pradesh
Maharashtra
Uttar Pradesh
Bihar
Andaman Nicobar
VAT on petrol (%) 35.77 30.90 25.45 27.36 35.78 39.12 26.90 24.71 6
VAT on diesel (%) 28.08 22.79 25.55 17.02 23.22 24.78 16.84 18.34 6
Significantly, while the highest VAT rate is 39.12 per cent in the country, only 6 per cent VAT is charged in Andaman Nicobar. Petrol price is 68.90 per liter on Friday due to the Central excise duty of only 6 per cent in Andaman Nicobar and Rs 19.48 per cent. At Andaman Nicobar, diesel is priced at Rs 15.33 with 6% VAT with central excise, which is the price of one liter diesel at 67.47 per liter on Friday. Therefore, it is clear that due to just 6% VAT, petrol and diesel in the Union Territory is sold to other consumers of the country at a price of around Rs.20 / - per liter.
Petrol and diesel prices are making new records every day across the country. If petrol prices are going up to Rs 90 per liter in the financial capital Mumbai, then the petrol has broken the petrol price by Rs 80 per liter in Delhi. In such a case, there is an area of the country where even today the price of petrol and diesel is at half the rate from other parts of the country. Yes, yes, the price of petrol and diesel in this part of India is equal to those neighboring countries and the people here are not being hit by inflation.
More than half of the price of petrol and diesel is taxed by the central and state governments. This is because the petrol in Mumbai is going to be worth Rs. 90 per liter and it is selling at 80 rupees in Delhi.
Read this: On the good days of the finished crude oil prices, the government is not afraid to give the daily pricing formula
Learn Mathematics of Petrol and Diesel
Actually the actual price of petrol and diesel is on which the oil companies in the country provide oil to the pump dealers. Talking about Friday, the country's largest oil firm Indian Oil Corp sell petrol pumps at a rate of Rs 39.21 per liter. This price does not include VAT and excise duty, and on the same sale, the common man is paying 80 rupees in Delhi for one liters of petrol on petrol pump, then in Mumbai, the consumer is paying about Rs 90.
Read this: Learn why the rupee is falling against the dollar, why the RBI and the government are helpless?
VAT and excise
19.48 rupees on the actual cost of gasoline is added as excise duty. On the diesel, excise duty of Rs 15.33 is added. This duty becomes part of the revenue from the Central Government tax. In addition, VAT is charged at different rates in each state. In Maharashtra, where VAT is charged 39.12 per cent of the actual price of petrol, the VAT in Delhi is 27 per cent on petrol price.
state
Andra Pradesh
Assam
Gujarat
Jammu and Kashmir
Madhya Pradesh
Maharashtra
Uttar Pradesh
Bihar
Andaman Nicobar
VAT on petrol (%) 35.77 30.90 25.45 27.36 35.78 39.12 26.90 24.71 6
VAT on diesel (%) 28.08 22.79 25.55 17.02 23.22 24.78 16.84 18.34 6
Significantly, while the highest VAT rate is 39.12 per cent in the country, only 6 per cent VAT is charged in Andaman Nicobar. Petrol price is 68.90 per liter on Friday due to the Central excise duty of only 6 per cent in Andaman Nicobar and Rs 19.48 per cent. At Andaman Nicobar, diesel is priced at Rs 15.33 with 6% VAT with central excise, which is the price of one liter diesel at 67.47 per liter on Friday. Therefore, it is clear that due to just 6% VAT, petrol and diesel in the Union Territory is sold to other consumers of the country at a price of around Rs.20 / - per liter.
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