Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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        LATEST NEWS UPDATES | Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray    </title>
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-Hindustan Times

Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.

New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in..."/>
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-Hindustan Times

Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.

New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in..." />
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    <h1 class="cat-box-title">Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray</h1>
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		 Published on</span><span class="text-date"> Sep 23, 2017</span>
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                            <div align="justify">-Hindustan Times<br /><br /><em>Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.<br /><br />New Delhi: </em>Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel.<br /><br />The central government says that because states earn more in taxes on petrol and diesel, they should cut fuel prices. The ruling BJP even sent out tweets with a breakup of the levies on petrol in Delhi, showing that the state earned almost double of what the Centre did from fuel prices.<br /><br />A closer look, however, shows that this is not true.<br /><br />For example, the price breakup of petrol in Delhi and the share of taxes between the Centre and states look like this:<br /><br />&mdash; Cost of per barrel of petrol and freight charges (as on 14 Sept): $65.48/bbl<br /><br />&mdash; Average exchange rate: $/Rs64.08<br /><br />&mdash; Price paid by oil companies to refineries: Rs 26.65/Ltr<br /><br />&mdash; Price charged to dealers (by oil companies): Rs 30.70/Ltr<br /><br />Add to this:<br /><br />&bull; Excise Duty: Rs 21.48/Ltr<br /><br />&bull; Dealer Commission: Rs 3.24/Ltr<br /><br />&bull; VAT (including VAT on dealer commission) applicable for Delhi @ 27%: Rs 14.96/Ltr<br /><br />Retail Selling Price in Delhi &ndash; Rs 70.39/Ltr<br /><br />Now, let&rsquo;s take a look at the share of the Centre and the state of Delhi in the levies on petrol.<br /><br />The excise duty of Rs. 21.48 goes to the Centre. States get the proceeds from VAT and cesses. In the case of Delhi (which does not charge any cess), it amounts to Rs 14.96.<br /><br />In addition to VAT, Delhi would also get 42% of the basic excise duty from the Centre as part of a formula on sharing of taxes between the Centre and states under the 14th finance commission.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html" title="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html">click here</a> to read more.</div>                                                           
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    <br><a href="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html" class="re" target="_blank">Hindustan Times, 22 September, 2017, http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html</a><div class="clear"></div>
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    <h1 class="cat-box-title">Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.<br /><br />New Delhi: </em>Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel.<br /><br />The central government says that because states earn more in taxes on petrol and diesel, they should cut fuel prices. The ruling BJP even sent out tweets with a breakup of the levies on petrol in Delhi, showing that the state earned almost double of what the Centre did from fuel prices.<br /><br />A closer look, however, shows that this is not true.<br /><br />For example, the price breakup of petrol in Delhi and the share of taxes between the Centre and states look like this:<br /><br />&mdash; Cost of per barrel of petrol and freight charges (as on 14 Sept): $65.48/bbl<br /><br />&mdash; Average exchange rate: $/Rs64.08<br /><br />&mdash; Price paid by oil companies to refineries: Rs 26.65/Ltr<br /><br />&mdash; Price charged to dealers (by oil companies): Rs 30.70/Ltr<br /><br />Add to this:<br /><br />&bull; Excise Duty: Rs 21.48/Ltr<br /><br />&bull; Dealer Commission: Rs 3.24/Ltr<br /><br />&bull; VAT (including VAT on dealer commission) applicable for Delhi @ 27%: Rs 14.96/Ltr<br /><br />Retail Selling Price in Delhi &ndash; Rs 70.39/Ltr<br /><br />Now, let&rsquo;s take a look at the share of the Centre and the state of Delhi in the levies on petrol.<br /><br />The excise duty of Rs. 21.48 goes to the Centre. States get the proceeds from VAT and cesses. In the case of Delhi (which does not charge any cess), it amounts to Rs 14.96.<br /><br />In addition to VAT, Delhi would also get 42% of the basic excise duty from the Centre as part of a formula on sharing of taxes between the Centre and states under the 14th finance commission.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html" title="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html">click here</a> to read more.</div>                                                           
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    <br><a href="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html" class="re" target="_blank">Hindustan Times, 22 September, 2017, http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html</a><div class="clear"></div>
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-Hindustan Times

Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.

New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in..." />
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    <h1 class="cat-box-title">Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>Consumers pay more than 100% tax &ndash; central and state levies combined &ndash; on petrol and diesel.<br /><br />New Delhi: </em>Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel.<br /><br />The central government says that because states earn more in taxes on petrol and diesel, they should cut fuel prices. The ruling BJP even sent out tweets with a breakup of the levies on petrol in Delhi, showing that the state earned almost double of what the Centre did from fuel prices.<br /><br />A closer look, however, shows that this is not true.<br /><br />For example, the price breakup of petrol in Delhi and the share of taxes between the Centre and states look like this:<br /><br />&mdash; Cost of per barrel of petrol and freight charges (as on 14 Sept): $65.48/bbl<br /><br />&mdash; Average exchange rate: $/Rs64.08<br /><br />&mdash; Price paid by oil companies to refineries: Rs 26.65/Ltr<br /><br />&mdash; Price charged to dealers (by oil companies): Rs 30.70/Ltr<br /><br />Add to this:<br /><br />&bull; Excise Duty: Rs 21.48/Ltr<br /><br />&bull; Dealer Commission: Rs 3.24/Ltr<br /><br />&bull; VAT (including VAT on dealer commission) applicable for Delhi @ 27%: Rs 14.96/Ltr<br /><br />Retail Selling Price in Delhi &ndash; Rs 70.39/Ltr<br /><br />Now, let&rsquo;s take a look at the share of the Centre and the state of Delhi in the levies on petrol.<br /><br />The excise duty of Rs. 21.48 goes to the Centre. States get the proceeds from VAT and cesses. In the case of Delhi (which does not charge any cess), it amounts to Rs 14.96.<br /><br />In addition to VAT, Delhi would also get 42% of the basic excise duty from the Centre as part of a formula on sharing of taxes between the Centre and states under the 14th finance commission.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html" title="http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html">click here</a> to read more.</div>                                                           
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Home हिन्दी

Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray

Published on Sep 23, 2017   Modified on Sep 23, 2017

-Hindustan Times Consumers pay more than 100% tax – central and state levies combined – on petrol and diesel. New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel. The central government says that because states earn more in taxes on petrol and diesel, they should cut fuel prices. The ruling BJP even sent out tweets with a breakup of the levies on petrol in Delhi, showing that the state earned almost double of what the Centre did from fuel prices. A closer look, however, shows that this is not true. For example, the price breakup of petrol in Delhi and the share of taxes between the Centre and states look like this: — Cost of per barrel of petrol and freight charges (as on 14 Sept): $65.48/bbl — Average exchange rate: $/Rs64.08 — Price paid by oil companies to refineries: Rs 26.65/Ltr — Price charged to dealers (by oil companies): Rs 30.70/Ltr Add to this: • Excise Duty: Rs 21.48/Ltr • Dealer Commission: Rs 3.24/Ltr • VAT (including VAT on dealer commission) applicable for Delhi @ 27%: Rs 14.96/Ltr Retail Selling Price in Delhi – Rs 70.39/Ltr Now, let’s take a look at the share of the Centre and the state of Delhi in the levies on petrol. The excise duty of Rs. 21.48 goes to the Centre. States get the proceeds from VAT and cesses. In the case of Delhi (which does not charge any cess), it amounts to Rs 14.96. In addition to VAT, Delhi would also get 42% of the basic excise duty from the Centre as part of a formula on sharing of taxes between the Centre and states under the 14th finance commission. Please click here to read more.

Hindustan Times, 22 September, 2017, http://www.hindustantimes.com/india-news/why-are-indians-paying-high-oil-prices-blame-messy-centre-state-finances/story-n61K9d25ip10MJtnK2znqM.html

Tagged with: Fuel Inflation Fuel Prices Value Added Tax (VAT) Excise Duty Petrol Diesel

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