Vat On Petrol

Petrol, diesel prices at record high: Two tables show how government taxes have made fuel costlier nationwide

Brace yourself. Taxes on petrol work out to 86 percent of the cost while taxes on diesel work out to 59 percent of the cost, all in the capital.

Petrol, diesel at record high: Rejig taxes to keep fuel rates low but do not arm twist oil companies on pricing

The gains the government made by hiking taxes when prices were low must be paid back to the consumer.

Petrol, diesel at record high: With crude oil prices expected to rise over six months, can this govt resolve the fuel crisis?

Fuel costs the most in financial capital Mumbai. Petrol retails at Rs 84.99 and diesel sells at Rs 72.76, according to Indian Oil data.

Petrol, Diesel prices at record high: Narendra Modi’s lucky crude oil charm is gone; welcome to the real economy

With the NDA government trapped in a fiscal mess, it won’t be able to significantly lower excise duties on fuel. Clearly PM Modi is running out of luck.

Petrol, diesel hike: Centre, states must reduce excise duty, VAT on fuel, says Sachin Pilot

Pilot alleged that the BJP government had burdened people by levying more taxes on petrol products.

Petrol, diesel prices at record high: Here’s why there no easy escape for the Narendra Modi govt from the crude scare

For the Modi government, on the economic front, the real joker in the pack has always been crude oil prices.

Petrol, diesel prices see steep rise on higher excise duty, VAT rates; oil ministry seeks cut in levies in Budget

BJP-led NDA govt had raised excise duty on petrol, diesel nine times between Nov 2014 and Jan 2016 to shore up finances as global oil prices fell

Maharashtra govt's VAT hike on petrol: No efficiency in reducing expenses but spending binge continues

Despite successful attempts to shore up revenues, there has not been a single revenue-surplus budget in half a decade