Taxes on petrol and diesel in India is about 66% of their pump rates, which is the fifth highest after the United Kingdom, Italy, France and Germany, an EY India’s report said.
Taxes on auto fuels in Spain, Japan, Canada and the US are; however, lower than India, the consultancy firm said in its latest edition of Economy Watch.
“According to our estimate, the share of petroleum taxes in India in the case of petrol and diesel accounted for 66.4% and 65.8% respectively in June 2020. These rates indicate the average share for the month in Delhi which is taken as representative of the Indian situation,” it said on Thursday.
