{"id":350323,"date":"2020-05-08T10:47:37","date_gmt":"2020-05-08T05:17:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350323"},"modified":"2020-05-08T10:47:37","modified_gmt":"2020-05-08T05:17:37","slug":"taxes-now-make-up-70-per-cent-of-fuel-retail-prices-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/taxes-now-make-up-70-per-cent-of-fuel-retail-prices-2\/","title":{"rendered":"Taxes now make up 70 per cent of fuel retail prices"},"content":{"rendered":"<p>Mumbai \/ New Delhi: Taxes now comprise up to 70% of retail prices of petrol and diesel in the country after Tuesday&#8217;s duty hike by the central government that cut oil companies&#8217; record-high fuel marketing margin by three-fourths.<\/p>\n<p>Central and state governments, starved of revenue due to a nationwide lockdown, are increasingly resorting to fuel tax hikes to capture most gains from a global oil crash that began early March, leaving little benefits to the consumers.<\/p>\n<p>A central excise duty hike of Rs 10 per litre on petrol and Rs 13 per litre on diesel along with an increase in value-added tax by the Delhi government on Tuesday took the share of taxes in retail prices to 70% in the national capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai \/ New Delhi: Taxes now comprise up to 70% of retail prices of petrol and diesel in the country after Tuesday&#8217;s duty hike by the central government that cut oil companies&#8217; record-high fuel marketing margin by three-fourths. Central and state governments, starved of revenue due to a nationwide lockdown, are increasingly resorting to fuel tax hikes to capture most gains from a global oil crash that began early March, leaving little benefits to the consumers. A central excise duty hike of Rs 10 per litre on petrol and Rs 13 per litre on diesel along with an increase in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-350323","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350323"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350323\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}