With base price at just Rs 18, Indians now pay 275% in taxes to govt on every litre of petrol!

coastaldigest.com web desk
June 9, 2020

With the steep hike in excise duty in the past couple of months, an average consumer of petrol now pays over 275% in taxes to centre and states on a litre of the fuel.  The base price of petrol is just about Rs 18. The taxes are close to Rs 50 and the pump price is over Rs 72.

India imports 85% of all its crude oil demand.  After a steep hike in excise duty in the past two months despite a hold on daily price revisions by the oil public sector undertakings (PSUs), Indian consumers now pay 275% collectively in excise duty to state and centre. 

The central government hiked excise on petrol and diesel by Rs 10 and Rs 13 respectively last month. The excise duty on petrol is taxed around Rs 33-a-litre while the same on diesel it is Rs 32.

The Value-Added Tax (VAT) on both petrol and diesel is Rs 16.44 and Rs 16.26 respectively. Both the taxes together are around Rs 49 while it is sold at petrol pumps at 73-per-litre.

These two taxes cumulatively account for 69% of tax which is higher than anywhere else in the world. The same is taxed at 19% in the US, 47% in Japan, UK 62% and 63% in France. The government does not pass on the benefit of lower crude oil prices to the customer.

It is to be noted that Indian consumers continued to pay Rs 70-a-litre even when crude oil prices hit a paltry US $ 20-a-barrel on April 12.

Former finance minister and Congress leader recently took a jab at the Centre over rising prices stating, “Fuel selling prices raised twice in two days, following tax hikes two weeks ago. This time to benefit oil companies. Government is poor, it needs more taxes. Oil companies are poor, they need better prices. Only the poor and middle class are not poor, so they will pay”.

Comments

Lovely indian
 - 
Wednesday, 10 Jun 2020

Acche din for modi bakth....lets enjoy

 

you need only ram mandir and NRC

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News Network
September 18,2020

Kalaburgi, Sept 18: An assistant executive engineer of Gulbarga Electricity Supply Company Limited (Gescom) was washed away in a stream while trying to cross the stream in a car between Vaijapura-Bammanalli villages of Aland taluk on Thursday evening.

He has been identified as Siddarama Danappa Avate, the assistant executive engineer of Afzalpur.

The stream is overflowing because of the incessant rains lashing for the past two days.

Rajashekhar Basavaraj Kumbar, another person who accompanied the engineer in the car, swam to safety. The search operation is going on by the police from Afzalpur-Dhudani side.

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News Network
September 24,2020

ocklinesudhakar-death.jpg

Bengaluru, Sept 24: Popular Kannada comedian Rockline Sudhakar, who was also a supporting actor, passed away due to cardiac arrest during the shooting for a film on Thursday.

Filmmaker Suni, took to his Twitter page to announce the unfortunate passing away of the comedian.

He has worked in over 200 movies including 'Vaastu Prakara', 'Ayyo Rama', 'Topiwala' and 'Mukunda Murar'.

Sudhakar, who made a memorable debut in the ace Director Yogaraj Bhat’s ‘Pancharangi’, was on the sets of the film ‘Sugar Less’, produced by Pushkara Mallikarjunaiah. The senior actor had recently recovered from Covid-19.

Sudhakar entered the world of Kannada entertainment when he started working as the driver to film producer Rockline Venkatesh. His debut was in a side role in Malashree’s film Belli Modagalu in 1992.

Sudhakar was later pulled into the world of production by Rockline Venkatesh. When Venkatesh started Rockline Productions, he tapped Sudhakar to be the production controller. Sudhakar worked as the production controller for 36 films produced by Rockline Productions including Aayudha, Agni IPS, Himapaati and Rasika, thereby gaining the moniker Rockline Sudhakar. “He was a trusted associate of Rockline Venkatesh. If anyone wanted to get in touch with Venkatesh, they would have had to first meet Sudhakar,” KFCC President Jairaj recounted.

Rockline Sudhakar has acted in over 200 movies in his career.

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coastaldigest.com news network
September 26,2020

murder.jpg

Mangaluru, Sep 26: A half decomposed body of a woman was found at a house at Belleri, near Konaje on the outskirts of the city.

The deceased has been identified as Kusuma (50). It is suspected that she was murdered three days ago. Her body was found lying on the floor today.

She used to stay alone at her home. Police are of the suspicion that the woman might have been raped before getting killed. 

A case has been registered at Konaje police station and investigations are on.

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