New Delhi: Petrol and diesel costs remained unchanged for the twentieth straight day on Tuesday after the Centre lowered excise tax on gasoline to carry retail charges down from report highs.
The value of petrol in Delhi stands at Rs 103.97 per litre whereas diesel is at Rs 86.67 per litre. In Kolkata, the worth of petrol is presently Rs 104.67 per litre, whereas diesel is Rs 89.79 per litre. A litre of petrol was offered in Chennai for a similar value of Rs 101.40. The value of diesel remained unchanged at Rs 91.43 a litre. Similarly, petrol and diesel charges in Mumbai stayed unchanged at Rs 109.98 and Rs 94.14 per litre.
The whole incidence of taxes on petrol has come right down to 50 per cent and that on diesel to 40 per cent following a discount in excise obligation by the central authorities, and by a barely larger proportion in states which have additionally minimize native gross sales tax or VAT on the gasoline.
On November 1, previous to the obligation cuts, central excise of Rs 32.90 a litre and VAT of 30 per cent in Delhi made up for 54 per cent of the retail promoting value of diesel, based on value build-up of the gasoline obtainable from state-owned gasoline retailers.
Two dozen states and UTs have matched the central authorities’s excise cuts with a VAT discount. And, in these states, the proportion of taxes in retail value will likely be marginally decrease. Delhi has not but lowered the VAT.
The states that prolonged extra VAT advantages embrace Karnataka, Puducherry, Mizoram, Arunachal Pradesh, Manipur, Nagaland, Tripura, Assam, Sikkim, Bihar and Madhya Pradesh.
After obligation modifications, the most costly petrol is offered in Rajasthan at Rs 111.10 per litre (Jaipur), adopted by Mumbai (Rs 109.98) and Andhra Pradesh (Rs 109.05). The gasoline is under Rs 100-a-litre-mark in most BJP-ruled states baring Karnataka (Rs 100.58), Bihar (Rs 105.90), Madhya Pradesh (Rs 107.23) and Ladakh (Rs 102.99).
With PTI Inputs