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Highest VAT on petrol in MP, diesel in Rajasthan, says Hardeep Singh Puri


Highest VAT on petrol in MP, diesel in Rajasthan, says Hardeep Singh Puri
Madhya Pradesh levies Rs 31.55 a litre VAT on petrol - the highest in the country, while Rajasthan charges Rs 21.82 a litre on diesel, according to Puri s reply
Union Oil Minister Hardeep Singh Puri
PTI
Updated Jul 27, 2021, 8:24 AM IST
Madhya Pradesh levies the highest sales tax or VAT on petrol in the country, while Rajasthan has the highest tax on diesel, Oil Minister Hardeep Singh Puri told the Lok Sabha on Monday. Heavily taxed petrol and diesel rates have shot to their highest prices this month. Taxes, both central and state, make up for 55 per cent of the retail price of petrol and 50 per cent of diesel rates. ....

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Hardeep Puri: Big part of petroleum cess used for free vaccine, poor and various developmental schemes: Hardeep Puri


Synopsis
The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused to acknowledge the role played by higher prices of petrol and diesel in fuelling inflationary pressure on the economy.
PTI
The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused to acknowledge the role played by higher prices of petrol and diesel in fuelling inflationary pressure on the economy.
Replying to a question on impact of rising fuel prices on country s economic recovery from the Covid-19 pandemic in the Lok Sabha, minister of petroleum and natural gas Hardeep Singh Puri said that revenue generated by taxation (on petroleum products) is used in various developmental schemes of the Government like Pradhan Mantri Gram Sadak Yojana (PMGSY), Prad ....

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