Total tax on petrol down to 50%, diesel to 40% after duty cuts
The Hindu
Retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices
The total incidence of taxes on petrol has come down to 50% and that on diesel to 40% following a reduction in excise duty by the Central Government, and by a slightly higher proportion in States that have also cut local sales tax or VAT on the fuel.
The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices. The basic oil price is the prevailing international benchmark rate plus freight.
On November 1, prior to the duty cuts, central excise of ₹32.90 a litre and VAT of 30% in Delhi made up for 54% of the retail selling price of diesel, according to price build-up of the fuel available from State-owned fuel retailers.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.