Taxes on petroleum products changed

December 1, 2020 - ByAdmin

Tax on petroleum products changed, levy on petrol reduced by Rs 1.32 per liter.

Petroleum Levy

The government changed the taxes on petroleum products, petroleum levy on diesel reduced by Rs 2.43 per liter and petrol by Rs 1.32 per liter. The reduction in levy implemented from today.

According to sources, the levy on high speed diesel reduced from Rs 30 to Rs 27.57 per liter, while the levy on petrol reduced from Rs 30 to Rs 28.68 per liter.

Change of Sales tax on petroleum products

Sales tax on high speed diesel increased by 58 paise per liter. Sales tax on diesel increased from Rs 14.74 to Rs 15.32. Sales tax on petrol will remain at Rs 14.63.

Coronavirus and the oil market: The effects thus far and what to expect next — CoronaVirus & Oil Market

Freight margin on petroleum products

Freight margin on diesel reduced by 22 paise per liter, freight on diesel reduced from 97 paise to 75 paise per liter, freight margin on petrol reduced by 4 paise per liter, freight on petrol reduced from 3 rupees 48 paise to 3 rupees 44 paise.

Source