Saturday, 6 February 2016

Fall of crude price by 75%, not passed on to consumers.

Retail consumers pay more tax on petrol and diesel than its actual price. 

Of the price you pay for a litre of petrol, 57 percent goes to the government as tax. Of the Rs 44 per litre of diesel, 55 percent is tax. 

If the excise duties on diesel had not been increased these two years, diesel would have cost Rs.32 per litre today, other factors remaining the same. 


We observe despite 75% fall in crude over one year, consumer is hardly benifitted. this was due to fact lot of taxes raised by GOI and state govt.

do you feel it justified .

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