With Oil Soaring, These Cities Boast Of Lowest Fuel Prices


With Oil Soaring, These Cities Boast Of Lowest Fuel Prices

Petrol and diesel prices have broken all records. But they are not uniform across the country. The prices vary due to several factors, the most important being the state value-added tax (VAT). States do not levy the VAT at the same rate which leads to a wide variation in prices.

In India, petrol and diesel prices are dependent on a lot of factors. The actual price of petrol and diesel is way less than what we pay for it at the pumps. For every litre of petrol, a buyer also pays excise duty, state VAT, dealer commission and transportation cost apart from the actual price of petrol.

The final price of petrol and diesel at the pump is: price charged by refineries to dealers + Central government tax (customs duty, excise duty) + state tax (VAT) + dealer commission + inland freight charges. Read More

Leave a Reply

Your email address will not be published.