With the steep hike in excise duty in the past two months, an average consumer of petrol now pays over 275% in taxes to centre and states on a litre of the fuel. It was 107% in February. The base price of petrol is just about Rs 18. The taxes are close to Rs 50 and the pump price is over Rs 72.
On diesel, the cumulative taxes by Centre and states, makes a consumer pay over 255%. The base price of diesel is about Rs 18.50 a litre. The pump price is over Rs 70 a litre.
On petrol, the exice duty levied is at close to Rs 33 a litre, while on diesel it is around Rs 32 per litre. The VAT is levied at over Rs 16 on petrol and diesel. Together, both taxes are over Rs 49 while the pump price of petrol is an average Rs 72 a litre.
