Where does your petrol bill go?
If you pay around Rs. 38/- for a litre of petrol, about Rs.20/- goes to the state as taxes as the table here would show.
S.No. | Item | Petrol | Diesel |
|---|---|---|---|
1. | Price without customs duty, excise duty and sales tax components | 17.46 | 18.07 |
2. | Customs Duty | 2.12 | 2.29 |
3. | Excise Duty | 12.07 | 3.15 |
4. | Sales Tax | 6.19 | 2.77 |
5. | Retail Selling Price | 37.84 | 26.28 |
This information was given by Mr. Mani Shankar Aiyar, Minister of Petroleum & Natural Gas and Panchayati Raj in a written reply in the Rajya Sabha on 7th December 2004.
That means petrol is not all that expensive, only the state makes it so. Interestingly a litre of petrol costs around 0.53 Dollars in USA that is about 23 Rupees. While half a Dollar is a peanut for an American while forty rupees is quite a lot of money here.
Be wary of a strong drink - It'll make you shoot a tax collector - and miss
Until Tomorrow with more of DDT
Have a Nice Day