India now has the highest taxes on fuel in the world!
India now has the highest taxes on fuel in the world! That means every litre of petrol in Delhi that currently retails at Rs 71.26 includes taxes of Rs 49.42 while for every litre of diesel at Rs 69.39 it is Rs 48.09. Taxes now comprise over 69 per cent of the pump price of the two fuels May 07, 2020, 07:26 IST India now has the highest taxes on fuel in the world!New Delhi: This after the steepest ever hike in excise duty by Rs 13 per litre on diesel and Rs 10 per litre on petrol on Tuesday night, repo. On Monday, the government had also increased road cess on petrol and diesel by Rs 8 per litre. Further, additional excise duty was also hiked by Rs 2 per litre (on petrol) and Rs 5 per litre (diesel). Also on Tuesday, the state government in Delhi hiked value added tax which goes to its own kitty by Rs 7.1 per litre on diesel and Rs 1.6 per litre on petrol. That means every litre of petrol in Delhi that currently retails at Rs 71.26 includes taxes of Rs 49.42 while for every litr