India vs Pakistan Petrol-Diesel Price
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New Delhi: There has been no change in the price of petrol and diesel in India for more than a year. But once again there has been a huge increase in the price of petrol and diesel in the neighboring country of Pakistan. The government of Pakistan has increased the price of petrol by Rs 19.95 in one stroke. Now the price of petrol has reached Rs 272.95 per liter there. Similarly, the price of diesel has also been increased by Rs 19.90 to Rs 273.40 per litre. Despite this increase, the price of petrol and diesel in Pakistan is still less than in India. Petrol costs around Rs 100 in many cities of India. Petrol price in Delhi is Rs 96.72 while diesel price is Rs 89.62.
One rupee of India is equal to 3.48 rupees of Pakistan. According to this, the price of petrol in India is 336.82 Pakistani rupees and the price of diesel is 312.09 Pakistani rupees per liter. Strict conditions have been imposed in the IMF to give loan to Pakistan which is facing economic crisis. These include the increase in the price of petrol and diesel. Oil marketing companies in India last changed the price of petrol and diesel in April last year. In May, the Center had cut excise duty on petrol and diesel.tax on petrol
One rupee of India is equal to 3.48 rupees of Pakistan. According to this, the price of petrol in India is 336.82 Pakistani rupees and the price of diesel is 312.09 Pakistani rupees per liter. Strict conditions have been imposed in the IMF to give loan to Pakistan which is facing economic crisis. These include the increase in the price of petrol and diesel. Oil marketing companies in India last changed the price of petrol and diesel in April last year. In May, the Center had cut excise duty on petrol and diesel.
tax on petrol
Petrol price in Delhi is Rs 96.32. In this, the base price is Rs 57.15 on which 20 paise freight charge is levied. Thus the dealer gets it for Rs.57.35. Then Rs 19.90 excise duty, Rs 3.76 dealer commission and Rs 15.71 VAT is charged on this. This VAT also includes VAT on dealer’s commission. Experts say that oil marketing companies are making a profit of Rs 10 on every litre. In such a situation, there is scope for tax reduction. But right now there is a risk of slowdown in the global economy. It can also have an impact on the domestic economy. In such a situation, there is no possibility of reduction in excise duty at present.
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