Indians pay a bomb for fuel
We are the only country in world where taxes on petrol & diesel are 100% over the cost of refining plus dealer margin. What Indians pay for a litre of petrol is 40% of per capita income per day. For all other nations it is less than 3%.
Is corruption behind this or is it just bad policy making? How can we citizens get this corrected? more
Is corruption behind this or is it just bad policy making? How can we citizens get this corrected? more
Viewed by 1195
View all 32 comments Below 32 comments
Along with the International Price we are paying about 50% additional as tax which is the tradition for past several years. When the International price was low we were paying the same and Now the International prices jumps we are still have to pay the 50% This is the main reason. Just have a look on the Profit earned by the IOC - whooping 50% so the Officials will get the lucrative perks, foreign tours (May be along with family), Lucrative Bonus and perks apart from more Lucrative Postings. more
May 26
State levies taxes also contribute to higher prices of petrol and diesel Around 23% to 30 % of the price of petrol is made up of State levied Value added tax, in the case of diesel VAT varies from 12.5 % to 28.5 %. This tax is collected by state government and any decision to levy it or increase and reduce it is only with the state government. Which is why the price of diesel and petrol vary from state to state. Some states like Maharashtra also apply an higher VAT on petrol and Diesel in Mumbai and its adjoining areas than in the rest of the state. VAT is levied on the price of the fuel hence the state benefits if the fuel prices rises. While the burden on the citizen and the consumer keeps going up. The rationale for high ad valorem VAT by the state is that it will make the people shift to public transportation, reduce consumption of fuel and pollution in the cities. This is the reason that Mumbai has the highest VAT of 39.78 % VAT on petrol while the rest of Maharashtra pays 38.76%. The VAT rates in Maharashtra are the highest of any state. Followed by Madhya Pradesh ( 36.14 %) and Andhra Pradesh (36.06%) . The central government also levies a flat excise duty on petrol and diesel which is approximately Rs 14.70 for petrol. As its a flat rate it does not rise or fall with the price of the global fuel prices. The central and state governments think that taxes on fuels is a milch cow to obtain revenues very easily with least expense. High prices will increase inflation which will increase the expenditure of the governments and will also make RBI to increase the interest rates. It is high time the petroleum products are brought under GST at a reasonable rate. more
May 25
If we stick to our decision, we can get it corrected only in the forth-coming national election. But I am sorry to say that every time, to my great dismay, we forget at that time. Actually, I feel our two national leaders are behaving like a dictator. They are not caring feelings and sentiments of the common man. You are aware that because of this, our generous, well qualified and experienced leaders like Murli Manohar Joshi, Arun Shorie, Yaswant Sinha, Subramanian Swami and so many more were left in isolation. more
May 25
The govt.is collecting and collecting for 2019 only. Not for giving to us. Enjoy when we are being raped goes the saying. more
May 22
MAR Ansari.
The most unfortunate part is that freebies are being declared left and right as part of election manifestos by respective political parties at the expense of tax payer. This is no doubt indulging in royal corruption leave alone Horse Trading to buy/acquire power. Does success in elections at any cost be a means to claim Desh Seva when no one ever spends his/her amassed fortunes for the poor and yet multiply their reserves/ draw hefty perks. The success of any Govt should be evaluated by the prosperity they create through development and fair employment opportunities across all sections of the society but not through tactics of Pay Paul by robbing Peter. When we derive inspiration from others let us see their positive side instead of finding pleasure in their limitations. There is no reason to keep crying at foul play when we are not raising to the occasion to tell the political parties what we expect from them and select the best one of the lot, close to our aspirations beyond cast. creed and favoritism. more
The most unfortunate part is that freebies are being declared left and right as part of election manifestos by respective political parties at the expense of tax payer. This is no doubt indulging in royal corruption leave alone Horse Trading to buy/acquire power. Does success in elections at any cost be a means to claim Desh Seva when no one ever spends his/her amassed fortunes for the poor and yet multiply their reserves/ draw hefty perks. The success of any Govt should be evaluated by the prosperity they create through development and fair employment opportunities across all sections of the society but not through tactics of Pay Paul by robbing Peter. When we derive inspiration from others let us see their positive side instead of finding pleasure in their limitations. There is no reason to keep crying at foul play when we are not raising to the occasion to tell the political parties what we expect from them and select the best one of the lot, close to our aspirations beyond cast. creed and favoritism. more
May 22
Sir, please do the Maths. Imagine you are the Finance Minister. Estimate how much is lost through corruption. We are still getting a very good deal. The Direct Benefit Transfer, E-Bidding, GST, Demonetistation, Benami Transactions law are working their way through the system to cleanse it, As long as we keep out the corrupt opposition parties who hate this cleansing.
There are hundreds of millions of poor (and even middle class!) who are getting dirt cheap food, gas, TV's, laptops, toilets, houses, medical treatment - the list is endless. Neither Europe nor the US has so many freebies being distributed. In Tamil Nadu, even organ transplants are performed at subsidised rates!
World class expressways are already there for us, and more are being every day. When the Goverment brings in world class Bullet trains, the leftists scream and shout. WHile Americans live in houses built of wood, we live in brick and mortar or concrete houses with excellent furniture, A/C - the works. We have the cheapest phone rates in the world. Broadband internet. Satellite TV. Affordable domestic servants. Home delivery. Taxis on call. World class metros. Personal tuitions. Top class universities and schools. Low cost pure organic food. A2 Milk and ghee.
Still we think the Brits are better off? Living in cold houses with grey and cold weather 9 months a year? Tiny houses (in cities). Long waits for NHS services. Declining incomes for those who are not college educated. No one to clean the house. No one to pick farm produce......
As one who lived abroad for a quarter century, I am very glad and lucky to be a citizen of India. A long time back, a Brit said - 'With all thy faults, I love thee, England'. more
There are hundreds of millions of poor (and even middle class!) who are getting dirt cheap food, gas, TV's, laptops, toilets, houses, medical treatment - the list is endless. Neither Europe nor the US has so many freebies being distributed. In Tamil Nadu, even organ transplants are performed at subsidised rates!
World class expressways are already there for us, and more are being every day. When the Goverment brings in world class Bullet trains, the leftists scream and shout. WHile Americans live in houses built of wood, we live in brick and mortar or concrete houses with excellent furniture, A/C - the works. We have the cheapest phone rates in the world. Broadband internet. Satellite TV. Affordable domestic servants. Home delivery. Taxis on call. World class metros. Personal tuitions. Top class universities and schools. Low cost pure organic food. A2 Milk and ghee.
Still we think the Brits are better off? Living in cold houses with grey and cold weather 9 months a year? Tiny houses (in cities). Long waits for NHS services. Declining incomes for those who are not college educated. No one to clean the house. No one to pick farm produce......
As one who lived abroad for a quarter century, I am very glad and lucky to be a citizen of India. A long time back, a Brit said - 'With all thy faults, I love thee, England'. more
May 22
Indians pay a Rocket for Gold and nobody complains. Gold, a useless commodity, costing Rs.30Lakhs per kg. is loved by all, though it wastes foreign exchange crises, like gold. And, Diesel, a useful commodity, driving your vehicals or Trains or power plants, @70 per litre, you hate ?! It is Arabs - opec who are raising prices and you blame government ? Govt, state & central, both get revenue by taxing it, from all people of India, without evasion. more
May 22
baat kuchh palle nahi padi. every body is not buying gold but everybody needs diesel or petrol. more
May 22
