A
fuel nozzle hangs attached to an Airbus SAS A319 aircraft. Jet fuel
costs is priced at Rs 52.42 a litre, whereas petrol costs Rs 58.91 per
litre in Delhi. (Getty Images photo)
NEW
DELHI: Perhaps for the first time, petrol in India costs more than jet
fuel (ATF) used in aeroplanes, as the government has levied a record
excise duty on the fuel used in two-wheelers and cars. A litre of petrol
in Delhi costs Rs 58.91 per litre.
On the other hand, aviation turbine fuel (ATF), is a heavier fraction in the distillation process, is priced at Rs 52.42 a litre. Traditionally, petrol would cost less than ATF. However, four consecutive excise duty hikes in three months have reversed this. After four duty hikes totalling Rs 7.75 per litre, petrol now attracts highest ever excise rate of Rs 16.95 per litre.
According to data available from petroleum ministry, excise duty on petrol was Rs 10.53 per litre in April 2002 when the fuel was first deregulated or freed. This rose to Rs 14.59 by May 2005 by when government control was back in place. Excise duty on petrol touched its peak of Rs 14.78 in March 2008 before it was slashed to Rs 9.48 in 2012.
On the other hand, aviation turbine fuel (ATF), is a heavier fraction in the distillation process, is priced at Rs 52.42 a litre. Traditionally, petrol would cost less than ATF. However, four consecutive excise duty hikes in three months have reversed this. After four duty hikes totalling Rs 7.75 per litre, petrol now attracts highest ever excise rate of Rs 16.95 per litre.
According to data available from petroleum ministry, excise duty on petrol was Rs 10.53 per litre in April 2002 when the fuel was first deregulated or freed. This rose to Rs 14.59 by May 2005 by when government control was back in place. Excise duty on petrol touched its peak of Rs 14.78 in March 2008 before it was slashed to Rs 9.48 in 2012.
