- Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre
- Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.
Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international
oil prices.Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.
Elements
| Petrol(₹/Litre)
| Diesel(₹/Litre)
|
|
|
|
Base Price
| 28.18
| 31.74
|
Freight Etc.
| 0.32
| 0.29
|
Price charged to dealers
| 28.5
| 32.03
|
Additional Excise duty
| 22.98
| 18.83
|
Additional Dealer commission
| 3.54
| 2.49
|
Additional VAT (including VAT on dealer commission)
| 14.85
| 9.23
|
Retail Selling Price
| 69.87
| 62.58
|
*Price Breakup in Delhi as of March 14 2020
Additionally, road cess on petrol was raised by Rs 1 per litre each on petrol and diesel to ₹10.
The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices. ANZ KJ
