Petrol

Uttar Pradesh Chief Minister Yogi Adityanath declared on July 29 that the state's VAT on fuel and diesel is the lowest in the country and that there will be no increases in the near future. At his official house, the Chief Minister discussed the current condition of tax collection in the state with officials from the state Tax Department. Finance… read-more

Government imposed taxes on petrol and ATF exports of Rs 6 per litre and diesel exports of Rs 13 per litre on July 1. Government also imposed an additional tax of Rs 23,230 per tonne on locally produced crude oil to offset windfall benefits flowing to producers from high international oil prices. The export tax follows oil refiners, notably the private sector, who profit enormously from exporting fuel to international markets. 

Tamil Nadu BJP president K Annamalai has been booked for leading a protest which witnessed a footfall of 5,000, demanding the state government to reduce the petrol and diesel prices, on May 31. Annamalai stated that the central government has reduced the fuel prices and asked the state governments to do the same. He alleged that DMK promised to reduce fuel prices in their manifesto.

Amar Patnaik, Rajya Sabha MP and BJD leader retaliated at the Centre after it urged states to decrease VAT on petrol and diesel. During the lockdown, the Centre had dramatically increased excise tax, imposed extra excise duty, and had large revenue from cess, which was not shared with states. Odisha government will review its own resource base to determine whether additional VAT reductions are conceivable without jeopardising people's welfare… read-more

Union finance minister Nirmala Sitharaman said on May 21 that the Centre has chosen to decrease the national excise duty on petrol by ₹8 per litre and diesel by ₹6 per litre. The measure would lower the price of petrol by ₹9.5 per litre and diesel by ₹7 per litre. "It will have a revenue implication of around ₹1 lakh crore per year for the government," finance minister said.