coastaldigest.com web desk
June 9,2020
With the steep hike in excise duty in the past couple of months, an average consumer of petrol now pays over 275% in taxes to centre and states on a litre of the fuel. The base price of petrol is just about Rs 18. The taxes are close to Rs 50 and the pump price is over Rs 72.
India imports 85% of all its crude oil demand. After a steep hike in excise duty in the past two months despite a hold on daily price revisions by the oil public sector undertakings (PSUs), Indian consumers now pay 275% collectively in excise duty to state and centre.
The central government hiked excise on petrol and diesel by Rs 10 and Rs 13 respectively last month. The excise duty on petrol is taxed around Rs 33-a-litre while the same on diesel it is Rs 32.
The Value-Added Tax (VAT) on both petrol and diesel is Rs 16.44 and Rs 16.26 respectively. Both the taxes together are around Rs 49 while it is sold at petrol pumps at 73-per-litre.
These two taxes cumulatively account for 69% of tax which is higher than anywhere else in the world. The same is taxed at 19% in the US, 47% in Japan, UK 62% and 63% in France. The government does not pass on the benefit of lower crude oil prices to the customer.
It is to be noted that Indian consumers continued to pay Rs 70-a-litre even when crude oil prices hit a paltry US $ 20-a-barrel on April 12.
Former finance minister and Congress leader recently took a jab at the Centre over rising prices stating, “Fuel selling prices raised twice in two days, following tax hikes two weeks ago. This time to benefit oil companies. Government is poor, it needs more taxes. Oil companies are poor, they need better prices. Only the poor and middle class are not poor, so they will pay”.
Comments
Goodman i agree with you,
couple of years ago there was a protest in bangalore opposing the casting of veena malik in dirty picture kannada version. The reasin of protest was not to cast a pakistani actress and replace with india actress but the movie name is dirty picture hahahahah, cant stop laughing
I will go with Kumar and Boom. You people are correct. It is not a public game. We should support for such unbehaviour activity.
The so called BD VHP Etc etc are intolerant except for Sunny Leone
If they call themselves as nationalist, savior of Indian cultural let them demand ban of Sunny Leone films in India and will support them
We are with you. But do it properly
This is definitely a double standard of whoever opposing here.
Because,
First go and stop all type of romantic scenery in your own Kannada film.
Also stop films from any language in Karnataka.
You allow everyone to go to film theatres and watch is happily, with your family, daughters, sons.
For you this is OK to enjoy on the big scree meanwhile when they do it really, you oppose them.
We shall appreciate you if you dare to stop all romantic scene in any film. If you start doing it, we the Muslims will support you and ready to join you.
You need brain to think it and strong heart to dare it.
Well Being a Muslim we never entertain such things.And no Muslim men or Women will go for such things nor we support them.That means we will not Manhandle any one for supporting them.
Let police handle the case.We dont have any rights to pin point others because there are many things which are there to correct within our self.Let us correct them first then will see others.
They will support \PREM CHUMBAN\" but, never \"Kiss of Love\""
LOBY, Just imagine...
If Your own daughters kissing each other in public... Will U like it?
Never ... So dont support such activities which even ANIMALS dont do it openly...
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