Desiel and petrol are now at a record high in India. There are many factors currently influencing the price of your fuel. Early this year we moved from a lower bs4 grade fuel to bs6 grade with is more costlier since it requires further purification. It’s a good step towards pollution control. This move has increased fuel rate by one to two rupees. Which counts for a reason .
Our low exchange rate has added to make us pay more for the imported commodity, we import 70 per cent of petroleum.
If you are wondering who can do something about your fuel rates this might answer your question.
Cost l after refining is 38rs and 41 rs for diesel.
After adding the excise cess and excise duty and VAT charged to dealers and commission 61 rs for petrol and 59 for diesel
After adding state VAT and pollution cess and dealer commission petrol is 78 rs and diesel is 70 rs
Yes, the government has a room of about 38 per cent of tax on our petrol. The tax quite marginally depends on the government set taxes. Which likely won’t change much since it’s largely dependent on these taxes to run the country.