uttermost Posted September 10, 2018 Report Posted September 10, 2018 17 minutes ago, HorseTheGurram said: % Hike annadu not price, better see the graph unedcauted ignorant Super ra Quote
uttermost Posted September 10, 2018 Report Posted September 10, 2018 2 hours ago, Kool_SRG said: aa dabbulantha state govt ki ochintey super ga undedhi Quote
Kool_SRG Posted September 10, 2018 Report Posted September 10, 2018 1 minute ago, uttermost said: wow!! is that excise duty figure true? Central govt shouldn't have any business taxing these commodities. where did all that money go? Yes when there was drastic drop of 3-4 rupees on revision excise duty was hiked by Central govt multiple times... It happened multiple times when crude was going down. Quote
batman2 Posted September 10, 2018 Report Posted September 10, 2018 1 minute ago, uttermost said: aa dabbulantha state govt ki ochintey super ga undedhi petroleum tax antha center ki podhu states also claims almost equal amount of tax 17-19% Plz give credit to states too for the hike Quote
nallaberrry Posted September 10, 2018 Report Posted September 10, 2018 25 minutes ago, HorseTheGurram said: % Hike annadu not price, better see the graph unedcauted ignorant Annai.. educated spelling bhale rasav... Super educated annai nuv Quote
Mitron Posted September 10, 2018 Report Posted September 10, 2018 1 minute ago, nallaberrry said: Annai.. educated spelling bhale rasav... Super educated annai nuv Quote
BossIzzWell Posted September 10, 2018 Report Posted September 10, 2018 2 hours ago, boeing747 said: Ani BJP valle cheptunnaru anduke nammudam Quote
karna11 Posted September 10, 2018 Report Posted September 10, 2018 twitter loo vesukuntunnaru gaaaa comments loooo Quote
Kool_SRG Posted September 10, 2018 Report Posted September 10, 2018 1 minute ago, batman2 said: petroleum tax antha center ki podhu states also claims almost equal amount of tax 17-19% Plz give credit to states too for the hike Center penchina central excise tax center kaathaloke pothadi on top it states local tax + VAT vestayi avi state ki potaayi.. Guess once Delhi has increased local tax by 1 rupee or so and Karnataka recently by 2 rupees anukunta for Farm loan waiver very few states increased tax on fuel from their end.. Quote
Kool_SRG Posted September 10, 2018 Report Posted September 10, 2018 Simplified Calculation Chart for Petrol & Diesel Prices in New Delhi - (4th September 2018) Petrol Price * Diesel Price Calculation * International Price of Crude Oil with Ocean Freight (as on 4th September 2018) 79.93 $ or Rs 5700 per Barrel 79.93 $ or Rs 5700 per Barrel 1 Barrel of Crude Oil 159 Litre 159 Litre Crude Oil - Cost per Litre Rs 35.89 per Litre Rs 35.89 per Litre Basic OMC Cost Calculation * Entry Tax, Refinery Processing, OMC Margin, Freight Cost Rs 3.45 per Litre Rs 7.14 per Litre Basic Cost of Fuel after Refining Cost Rs 39.34 per Litre Rs 43.03 per Litre Additional: Excise Duty + Road Cess as Charged by Central Government Rs 19.48 / Litre on Petrol Rs 15.33 / Lit on Diesel Pricing Charged to Dealers before VAT Rs 58.82 per Litre Rs 58.36 per Litre Calculating Dealer Retail Price - Base Location Delhi Commission to Petrol Pump Dealers Rs 3.63 per Litre Rs 2.53 per Litre Fuel Cost Before VAT (rounded off for approximation) Rs 62.45 per Litre Rs 60.89 per Litre Additional:VAT (Varies from State to State - 27% on Petrol & 16.75% on Diesel + 25p as Pollution Cess with Surcharge) Rs 16.86 / Lit on Petrol Rs 10.45 / Litre on Diesel Final Retail Price as on 4th September 2018 -(calculation) Rs 79.31 per Litre Rs 71.34 per Litre * - Prices as on 4th September 2018, approx cost for Basic OMC Cost calculation Quote
Kool_SRG Posted September 10, 2018 Report Posted September 10, 2018 Taxation Scenario on Petrol and Diesel Fuel Do you always Wondered that Despite of Falling International Crude Oil Costs, Petrol and Diesel Prices in India are on higher Side Apart from Crude Oil Rates - There are 2 Important Factors which determine the Fuel Cost - VAT and Excise Duty - which is as below Tax in November 2014 Tax in August 2017 Tax in September 2018 Excise Duty on Petrol Rs 9.20 per Litre Rs 21.48 per Litre Rs 19.48 per Litre Excise Duty on Diesel Rs 3.46 per Litre Rs 17.33 per Litre Rs 15.33 per Litre VAT on Basic Price on Petrol 20% on Basic Price 27% on Basic Price 27% on Basic Price VAT on Basic Price on Diesel 12.5% on Basic Price 16.75% on Diesel + 25p Cess 16.75% on Diesel + 25p Cess Disclaimer :- Excise including Road Cess, Fuel Price Calculation done in Delhi, VAT rates in Delhi. Excise rates Standard Pan India Taxes Paid for Obtaining Fuel Below are Taxes Paid for Obtaining Fuel in Delhi (Scenario is not much different in other cities too - almost similar or even higher taxes charged) Tax Paid for Obtaining Fuel Total Cost of Fuel Petrol in Delhi Rs 36.34 per Litre (45%) Rs 79.31 per Litre Diesel in Delhi Rs 25.78 per Litre (36%) Rs 71.34 per Litre Basis - September 2018 Prices in Delhi It means for Every Litre of Petrol you are filling -- you are paying a steep tax of Rs 36.34 per Litre in Delhi to State and Central Government. Its even higher in Other cities If you are Staying in Mumbai - you are paying highest Taxes on Petrol Prices in India. Reason Mumbai has highest State Level Taxes (VAT with additional Surcharge) and prices in September are close to Rs 86.7 per Litre. The Excise+VAT+Surcharge in Mumbai to almost 39.12% alone in Petrol. Quote
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