New Delhi, September 7: Petrol and diesel prices continue to rise across the country causing endless trouble for consumers. A litre of petrol costs Rs 87.39 per litre in Mumbai and Rs 79.99 per litre in Delhi. A litre of diesel on the other hand in Mumbai is being sold at Rs 76.51, and it is priced at Rs 72.07 a litre in Delhi. However, dealers are charged only Rs 39.21 for a litre petrol. According to a report published in Economic Times, The Indian Oil Corporation, one of the largest oil retailers charges Rs 39.21 a litre to dealers excluding Value Added Tax (VAT) and excise.
According to the report, the excise duty charged on normal petrol is Rs 19.48 while on branded petrol, it is Rs 20.66 and Rs 15.33 are charges as excise duty for regular high-speed diesel and for branded high-speed diesel it is Rs 17.69. Whereas, Value Added Tax (VAT) varies from state to state. The Maharashtra government levies the highest percentage of VAT on Petrol and diesel at 39.12 percent and 24.78 percent respectively in Mumbai, Thane and Navi Mumbai. The rest of the state is charged 38.11 percent for petrol and 21.89 for diesel. Madhya Pradesh levies 35.78 percent VAT on Petrol, while Andhra Pradesh levies 35.77 percent VAT.
Here is the state-wise list of VAT charged on petrol and diesel
States | VAT Charged on Petrol | VAT Charged on Diesel |
Andhra Pradesh | 35.77% | 28.08% |
Arunachal Pradesh | 20.00% | 12.50% |
Assam | 30.90% | 22.79% |
Bihar | 24.71% | 18.34% |
Chattisgarh | 26.87% | 25.74% |
Delhi | 27.00% | 17.24% |
Goa | 16.66% | 18.88% |
Gujarat | 25.45% | 25.55% |
Haryana | 26.25% | 17.22% |
Himachal Pradesh | 24.43% | 14.38% |
Jammu & Kashmir | 27.36% | 17.02% |
Jharkhand | 25.72% | 23.21% |
Karnataka | 30.28% | 20.23% |
Kerala | 30.37% | 23.81% |
Madhya Pradesh | 35.78% | 23.22% |
Maharashtra – Mumbai, Thane & Navi Mumbai | 39.12% | 24.78% |
Maharashtra (Rest of State) | 38.11% | 21.89% |
Manipur | 23.67% | 13.97% |
Meghalaya | 22.44% | 13.77% |
Mizoram | 18.88% | 11.54% |
Nagaland | 23.21% | 13.60% |
Odisha | 24.62% | 25.04% |
Punjab | 35.12% | 16.74% |
Rajasthan | 30.80% | 24.09% |
Sikkim | 27.87% | 15.71% |
Tamil Nadu | 32.16% | 24.08% |
Telangana | 33.31% | 26.01% |
Tripura | 23.15% | 16.18% |
Uttarakhand | 27.15% | 16.82% |
Uttar Pradesh | 26.90% | 16.84% |
West Bengal | 25.25% | 17.54% |
Union Territories | ||
Andaman & Nicobar Islands | 6.00% | 6.00% |
Chandigarh | 19.76% | 11.42% |
Dadra & Nagar Haveli | 20.00% | 15.00% |
Daman & Diu | 20.00% | 15.00% |
Lakshadweep | - | - |
Puducherry | 21.15% | 17.15% |
One litre of petrol is comparatively cheaper in our neighbouring countries. In Pakistan petrol is charged at INR 57.83, while in Sri Lanka it is INR 64.12. In Bangladesh one litre of petrol costs INR 73.06, whereas Nepal charges INR 68.30.
Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed “external factors” for the rise in domestic prices of petrol and diesel but said the increase is temporary. To protest against the spiralling fuel prices, Congress and Left parties have decided to hold a Bharat Bandh (nationwide shutdown. Both the parties have decided to hold a nationwide strike against the Modi government over the steep rise in petrol and diesel prices. The Congress called the steep increase in fuel prices a 'fuel loot'.
(The above story first appeared on LatestLY on Sep 07, 2018 06:47 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).