TAXES ON PETROL-DIESEL IN INDIA PAKISTAN PETROL RATE JUST-45.26/LTR

Crude Oil prices has reduced significantly from around $100/barrel to $50/barrel ,But petrol and diesel Prices in India has not been reduced in proportion to fall in international prices.This is due to higher Taxes charged by Center and State Governments .Collection of Taxes on petrol and diesel is easiest and recovery rates is also 100% ,so all govt prefer to charges this. If we calculate all the taxes in price of diesel/petrol then taxes % comes near to 50-61%. Rates varies from state to state. Highest petrol and diesel rates are in Bhopal whereas  lowest  petrol rates are in Panjim(Goa) and Diesel in Port Blair.

You will be surprise to Know that in Pakistan ,Petrol Rates is 45.26/Liter and Diesel is sold at 52.64 per liter. 

Taxes on Petrol/Diesel and CNG :The present Customs and Central Excise duties on petrol and diesel are as under:

Petroleum product	Customs Duty		Central Excise Duty
	BCD	ACD
Petrol(unbranded)	2.5%	Rs.6 per litre	Rs.21.48 per litre [Rs.9.48 BED + Rs.6 SAED + Rs.6AED]
Petrol(branded)	2.5%	Rs.6 per litre	Rs.22.66 per litre [Rs.10.66 BED + Rs.6 SAED + Rs.6 AED]
Diesel(unbranded)	2.5%	Rs.6 per litre	Rs.17.33 per litre [Rs.11.33 BED + Rs.6 AED]
Diesel (branded)	2.5%	Rs.6 per litre	Rs.19.69 per litre [Rs.13.69 BED + Rs.6 AED]

BCD - Basic Customs Duty [levied under the Customs Tariff Act]

ACD - Additional Duty of Customs [levied under section 103 of the Finance (No.2) Act, 1998(Petrol) and section 116 of the Finance Act, 1999 (Diesel)], commonly known as Road Cess.

BED – Basic Excise Duty [levied under the Central Excise Tariff Act]

SAED – Special Additional Excise Duty [levied under section 147 of the Finance Act, 2002]

AED – Additional duty of Excise [levied under section 111 of the Finance (No.2) Act, 1998(Petrol) and section 133 of the Finance Act, 1999 (Diesel)], commonly known as Road Cess.

City Name	Petrol/ltr	Diesel/Ltr
Delhi	71.14	59.02
Kolkata	73.66	61.27
Mumbai	77.46	64.89
Chennai	74.43	62.48
Agartala	66.38	56.98
Aizwal	66.62	56.41
Ambala	70.62	58.85
Bangalore	76.28	63.16
Bhopal	78.47	66.61
Bhubhaneswar	71.34	64.40
Chandigarh	71.71	60.03
Dehradun	74.68	61.78
Gandhinagar	73.19	65.73
Gangtok	73.44	60.54
Guwahati	73.84	62.27
Hyderabad	75.91	64.34
Imphal	69.14	57.47
Itanagar	66.94	56.70
Jaipur	73.69	63.28
Jammu	73.17	60.31
Jullunder	76.53	59.28
Kohima	69.27	57.54
Lucknow	73.06	59.90
Panjim	60.41	61.76
Patna	73.65	62.61
Pondicherry	66.93	59.62
Port Blair	61.27	55.42
Raipur	72.03	64.53
Ranchi	71.94	62.55
Shillong	70.00	58.76
Shimla	72.15	59.43
Srinagar	75.92	62.51
Trivandrum	75.44	64.50

Compressed Natural Gas (CNG) attracts a concessional rate of 5% Basic Customs Duty (BCD) and 14% Basic Excise Duty (BED).

The comparison of Retail Selling Price of Petrol and Diesel, as on 01.03.2017, with neighbouring countries is as under:-

Country	Petrol(Rs./Ltr.)	Diesel(Rs./Ltr.)
India (Delhi)	71.14	59.02
Pakistan	45.26	52.64
Bangladesh	72.56	54.85
Sri Lanka	51.69	41.97
Nepal	64.23	49.04

Government has no such proposal under consideration at present to reduce the taxes on the petrol and diesel.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Read more: http://www.simpletaxindia.net/2017/03/taxes-and-duties-in-petrol-diesel-in-india.html#ixzz4b5bBFgtU