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Tuesday, May 22, 2018

High petrol price in India - blame it on taxes


The NDA Government is blaming crude prices for record high petrol and diesel rates, but the last time petrol crossed 76 per litre, five years ago, it was 40% costlier before taxes

 Fuel prices have shot up now because of very high taxes. Central tax on diesel has increased more than three-fold, and it has doubled in case of petrol. In 2016-17, the Centre earned Rs 2.7 lakh crore from taxes and duties on petroleum products, which is 117% higher than the Rs 1.3 lakh crore it earned in 2014-15, when NDA came to power.

Here's a look at taxes Indians paid on petrol and diesel in 2013 and what they pay now...

Petrol Graphic1


Petrol Graphic2

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