NEW DELHI : To shore up revenues during the lockdown, the government has hiked excise duties on petrol and diesel with effect from today. Since crude oil rates have lost by over 60% from its this year's peak, the excise duty hike would not lead to a hike in retail selling price of the two automobile fuels.
Excise duty has been increased by a record ₹ 10 per litre on petrol and ₹ 13 per litre on diesel. The government hopes to garner ₹ 1.6 lakh crore additional revenue with the hike. With this, the total incidence of excise duty on petrol has risen to ₹ 32.98 per litre and that on diesel to ₹ 31.83.
Petrol costs ₹ 71.26 a litre in Delhi and a litre of diesel comes for ₹ 69.39.
Base Price: ₹ 17.96 per litre
Freight: ₹ 0.32 per litre
Price charged to dealers (excluding Excise Duty and VAT): ₹ 18.28 per litre
Excise Duty: ₹ 32.98 (includes basic excise duty of ₹ 2.98, Special Additional Excise Duty of ₹ 12 and Additional Excise Duty for road and infrastructure cess of ₹ 18)
Average dealer commission: ₹ 3.56 per litre
VAT (including VAT on Dealer Commission): ₹ 16.44
Retail Selling Price at Delhi: ₹ 71.26
(The price includes basic customs duty of 2.5%, additional customs duty of ₹ 2.98 per litre and additional customs duty of ₹ 10.)
Base Price: ₹ 18.49 per litre
Freight: ₹ 0.29 per litre
Price charged to dealers (excluding Excise Duty and VAT): ₹ 18.78 per litre
Excise Duty: ₹ 31.83 per litre (Basic excise duty of ₹ 4.83, Special Additional Excise Duty of ₹ 9 and Additional Excise Duty for Road and infrastructure Cess ₹ 18)
Average dealer commission: ₹ 2.52 per litre
VAT (including VAT on Dealer Commission): ₹ 16.26 per litre
Retail Selling Price in Delhi: ₹ 69.39 per litre
(The selling price also includes Basic Customs Duty of 2.5%, Additional Customs Duty (CVD) of ₹ 4.84 per litre and Additional Customs Duty of ₹ 10.)