Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Petrol Costs Rs 34 per Litre Before Tax, Dealer Commission in Delhi

On December 19, the retail price of petrol was Rs 70.63 a litre. This included, Rs 17.98 central excise duty, Rs 15.02 state VAT and Rs 3.59 commission of dealer.

PTI

Updated:December 21, 2018, 7:49 PM IST
facebookTwitterskypewhatsapp
Petrol Costs Rs 34 per Litre Before Tax, Dealer Commission in Delhi
Image for representation. (Image: Reuters)
Loading...

New Delhi: Petrol will cost only Rs 34.04 per cent per litre and diesel Rs 38.67/litre without taxes and dealer's commission in the national capital region.

Giving details of the prices of petroleum products as on December 19 in a written reply to the Lok Sabha, Minister of State for Finance Shiv Pratap Shukla said the incidence of taxes and dealers commissions work out to be 96.9 per cent in case of petrol and 60.3 per cent for diesel.

On December 19, the retail price of petrol was Rs 70.63 a litre. This included, Rs 17.98 central excise duty, Rs 15.02 state VAT and Rs 3.59 commission of dealer.

In case of diesel, the retail price was Rs 64.54 (central excise duty of Rs 13.83, state VAT of Rs 9.51 and dealer commission of Rs 2.53).

Prices of petrol and diesel, which are market determined, change on daily basis.

The prices of the fuel varies across the country as states and Union Territories levy their own rate of VAT (value added tax).

In another reply, the minister said the Centre collected excise duty of Rs 73,516.8 crore on petrol and Rs 1.5 lakh crore on diesel during the last financial year.

In first six months of the current fiscal, the collection stands at Rs 25,318.1 crore and Rs 46,548.8 crore for petrol and diesle, respectively.

The government had cut the excise duty on fuel prices in October in order to tackle increasing prices of petrol and diesel.

The estimated loss of revenue to the central government is about Rs 7,000 crore post the reduction in excise duty on October 4 in the remaining part of the fiscal, the minister added.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
ICICI Lombard 1,102.00 -6.26
Reliance 1,295.85 2.65
Axis Bank 781.65 2.46
Indiabulls Hsg 621.55 0.40
Tata Steel 498.00 2.42
Company Price Change %Gain
Reliance 1,295.80 2.63
Indiabulls Hsg 621.75 0.42
Yes Bank 110.05 -1.70
ICICI Lombard 1,102.10 -6.40
Tata Steel 497.60 2.36
Top Gainers
Company Price Change %Gain
JSW Steel 267.05 3.59
BPCL 393.10 3.22
Reliance 1,295.85 2.65
Axis Bank 781.65 2.46
Tata Steel 498.00 2.42
Company Price Change %Gain
Reliance 1,295.80 2.63
NTPC 138.90 2.51
Axis Bank 781.85 2.49
Tata Steel 497.60 2.36
Power Grid Corp 201.55 1.31
Top Losers
Company Price Change %Gain
Yes Bank 110.05 -1.70
Bharti Infratel 269.80 -1.10
Asian Paints 1,363.10 -0.95
IndusInd Bank 1,449.65 -0.81
Tech Mahindra 724.35 -0.54
Company Price Change %Gain
Yes Bank 110.05 -1.70
Asian Paints 1,363.20 -0.96
IndusInd Bank 1,450.05 -0.73
HUL 1,756.35 -0.42
Larsen 1,535.05 -0.41

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results