Suppose if the petrol price per litre is Rs 51.90, here the break-up of cost calculated by the government:·
Basic Price = Rs 21.93 ·
Excise duty = Rs 14.35 ·
Education Tax = Rs 0.43 ·
Dealer commission = Rs 1.05 ·
VAT = Rs 5.5 ·
Crude Oil Custom duty = Rs 1.1 ·
Petrol Custom = Rs 1.54 ·
Transportation Charge = Rs 6.00 ·
Total price = Rs 51.90
So for a Rs 22 litre petrol at pumps, consumers in India pay Rs 28 tax extra.
Friday, August 29, 2008
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1 comment:
wow. thats a great statistics. I am sure very few economist in India knew this.Thanks for enlighting us. Keep it up buddy
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