Amid the uproar over high petrol and diesel prices even as the international crude oil prices have remained much lower due to high excise duty, the government has told the Parliament that the price of one litre of petrol is only Rs 34 a litre before tax and dealer commission.
Minister of State for Finance Shiv Pratap Shukla gave details of prices of petroleum products in a written reply to the Lok Sabha, in which he said that incidence of taxes and dealers commissions work out to be 96.9% in case of petrol and 60.3% for diesel, news agency PTI reported.
According to his reply, petrol will cost only Rs 34.04 per litre and diesel only Rs 38.67 per litre without any tax and dealer’s commission. Read More
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