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Diesel fuel pc5/31/2023 ![]() ![]() ![]() In cases that have cut VAT, the incidence will be even lower.īasic price, which includes the cost of oil plus freight, varies between Rs 52.01 a litre in Chennai to Rs 59.89 in Ladakh. This, after the Rs 10 a litre cut in excise duty, has come down to 40 per cent in Delhi. Similarly, on diesel, the central excise duty of Rs 31.80 per litre and 16.75 per cent of VAT plus air ambience charges of Rs 250 per kilolitre, brought the total incidence of taxation in Delhi to 48 per cent. And, in those states, the percentage of taxes in retail price will be marginally lower. Two dozen states and UTs have matched the central government's excise cuts with a VAT reduction. This, after the Rs 5 per litre reduction in excise duty, has come down to 50 per cent in Delhi.
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