Govt raises taxes on petrol and diesel
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Though the government has won the public applause for slashing the petrol prices by Rs40/kg yesterday, but at the same time it has also increased taxes and dealers’ margin on petrol and diesel, reported 24NewsHD TV channel on Monday.
According to the documents, the government has increased the petroleum levy on high-speed diesel by Rs5 per litre. With this, the levy rate on high speed diesel has been hiked from Rs50 to Rs55 per liter.
Though the levy rate on petrol has been maintained at Rs60 per liter while the Oil Marketing Companies’ (OMCs) margin on petrol has been increased by 47 paisas.
The margin on petrol has been fixed at Rs7.41 per litre. The dealer margin has also been increased by 41 paisas, after which the dealer margin on petrol has been fixed at Rs 8.23 per litre.