TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka's Fire Cess Sparks Backlash: Citizens Question 1% Levy on Multi-Storey Buildings

    Karnataka’s Fire Cess Sparks Backlash: Citizens Question 1% Levy on Multi-Storey Buildings

    From Ganga to Kaveri: Modi Revives Chola Legacy in Tamil Nadu

    PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

    Centre Allows Govt Staff 30 Days Leave to Care for Elderly Parents:

    Central Govt Employees Can Now Take 30 Days Earned Leave for Aged Parents’ Care : Jitendra Singh

    PM Narendra Modia

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Successfully Test-Fires Drone-Launched Precision-Guided Missile at Test Range in Andhra Pradesh

    India Successfully Test-Fires Drone-Launched Precision-Guided Missile at Test Range in Andhra Pradesh

    IAF Seeks 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    IAF Pushes For 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    BSF Initiates Drone Warfare Upgradation After Operation Sindoor

    BSF Initiates Biggest-Ever Plan To Upgrade Drone Warfare Ecosystem After Operation Sindoor

    BITS Students Build Kamikaze Drones, Power Indian Army

    Kamikaze Drones from Campus Hostel : This is How Two BITS Students Deliver Combat-Ready Drones to Indian Army

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    India on Alert Amid Strategic Shifts

    Pakistan and Bangladesh Sign Visa-Free Deal for Officials; India on Alert Amid Strategic Shifts

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    India, China Review Border Situation, Gear Up for High-Level Special Representative Talks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka's Fire Cess Sparks Backlash: Citizens Question 1% Levy on Multi-Storey Buildings

    Karnataka’s Fire Cess Sparks Backlash: Citizens Question 1% Levy on Multi-Storey Buildings

    From Ganga to Kaveri: Modi Revives Chola Legacy in Tamil Nadu

    PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

    Centre Allows Govt Staff 30 Days Leave to Care for Elderly Parents:

    Central Govt Employees Can Now Take 30 Days Earned Leave for Aged Parents’ Care : Jitendra Singh

    PM Narendra Modia

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Successfully Test-Fires Drone-Launched Precision-Guided Missile at Test Range in Andhra Pradesh

    India Successfully Test-Fires Drone-Launched Precision-Guided Missile at Test Range in Andhra Pradesh

    IAF Seeks 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    IAF Pushes For 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    BSF Initiates Drone Warfare Upgradation After Operation Sindoor

    BSF Initiates Biggest-Ever Plan To Upgrade Drone Warfare Ecosystem After Operation Sindoor

    BITS Students Build Kamikaze Drones, Power Indian Army

    Kamikaze Drones from Campus Hostel : This is How Two BITS Students Deliver Combat-Ready Drones to Indian Army

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    India on Alert Amid Strategic Shifts

    Pakistan and Bangladesh Sign Visa-Free Deal for Officials; India on Alert Amid Strategic Shifts

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    India, China Review Border Situation, Gear Up for High-Level Special Representative Talks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

What will be the Petrol/Diesel Rates in Delhi, Mumbai and other Parts of the Country if Petroleum Products are Moved under GST?

Subodh Kumar by Subodh Kumar
18 September 2017
in Analysis
gst petrol

Image: Nagpur Today

Share on FacebookShare on X

The way to crush the bourgeoisie is to grind them between the millstones of the taxation and inflation – Vladimir Ilyich Ulyanov alias Lenin. What is the greatest achievement of Prime Minister Narendra Modi Cabinet Vis a Vis “lower middle class”? In the numerous reforms we left one thing unnoticed “Inflation Rate”. Let’s look at the numbers: 

RelatedPosts

The Hidden Cost of The India- US Trade Deal

Busting negative campaign, falsehoods against GST

Remembering Arun Jaitley: Architect of Economic Transformation, Defender of Justice

Load More

Source : https://tradingeconomics.com/india/inflation-cpi

On the other hand the rise in petrol and diesel prices has been making news for the last week or so. Change in fuel price indeed has far reaching effects as its impact ranges from daily budget to macroeconomics like inflation numbers.  

So, is government “undoing” the good work it has done? Let’s find out:

In Mumbai, petrol prices touched Rs 80 a litre while in Delhi; it is over Rs 70 per litre. It was August 2014, when petrol prices breached Rs 70 mark the last time. Back then the crude oil prices was around USD 98 per barrel. But, now the crude oil prices are hovering around USD 50 per barrel.

Why are petrol and diesel so costly?

According to data released by the Indian Oil Corporation for the petrol price build up in Delhi, the fuel costs only Rs 26.65 at the refineries. Dealers get a litre of petrol at Rs 30.70. But, petrol is sold at Rs 70.39 a litre in Delhi. This means Rs 39.41 is charged as tax component and dealer’s commission on every litre of petrol sold in the national capital.

While most of the taxable articles moved under the GST regime, petroleum products are still governed by VAT system. Different states have different rates of VAT applicable on petroleum products.

As per the data available with the Petroleum Planning and Analysis Cell (PPAC), Delhi charges a VAT of 27 per cent on petrol while it is 47.64 per cent in Mumbai, Thane and Navi Mumbai. This explains the difference of about Rs 9 in the petrol prices in the two cities.

What is the solution of this problem?

If petrol is brought under GST, it may cost as little as Rs 38.10 in Delhi at 12 per cent GST rate. In fact, Minister for Petroleum Dharmendra Pradhan has made a statement saying that inclusion of petroleum under GST is the only way for rational pricing.

Under GST, the petrol and diesel prices under the present circumstances will become substantially cheaper.

The GST regime provides for taxation rates of 0, 5, 12, 18 and 28 per cent. Petrol and diesel can’t be expected to be taxed below 12 per cent. At 12 per cent GST, the petrol will be sold at Rs 38.1 in Delhi – almost Rs 32 cheaper than the current rate for one litre of the fuel. At 18 per cent, petrol will be 40.05 a litre in Delhi while at 28 per cent; it will cost Rs 43.44 per litre. If the SUV compensation cess is imposed over and above 28 per cent GST on petrol, it will cost Rs 50.91 in Delhi – still about Rs 20 cheaper than the existing rate. As for diesel, its current price in Delhi is Rs 58.72 per litre. At 12 per cent GST, diesel will sell at Rs 36.65 in the national capital. At 18 per cent GST, diesel will cost Rs 38.61.

At 28 per cent GST, diesel will cost Rs 48.88 in Delhi and if SUV cess is imposed, the customers will have to pay Rs 49.08 for a litre of the fuel – still Rs 9.64 cheaper than the existing rate.

But, bringing petroleum products under the GST involves politics. Under the GST Act, the decision to bring petroleum products under the new taxation regime can only be taken by the GST Council which has heavy representation from states, which are not ready to let go the hen laying golden eggs.

Ahead of the GST launch on July 1, Finance Minister Arun Jaitley had said that the Centre was all for inclusion of petroleum products under the new taxation system and sooner or later the GST Council will have to take a decision on it.

But GST is not a long term solution. Say if GST for fuel is implemented today and the prices are brought down to INR 50 per litre and then oil prices in international market takes a steep raise?

What is the Long term solution?

Two of the very important news in recent past did not get the lime light despite of the strategic importance they carried.

  1. First 2G (Second Generation) Ethanol Bio-refinery in India to be set up at Bathinda (Punjab).
  2. Maruti will make electric cars in Gujarat.

E10, a fuel mixture of 10% anhydrous ethanol and 90% gasoline sometimes called gasohol, can be used in the internal combustion engines of most modern automobiles and light-duty vehicles without need for any modification on the engine or fuel system.

By producing 10% of the 2G ethanol we can certainly reduce consumption by 10% and then electric cars. India is making a record of sorts. It is for the first time the country will see a reform without a lag with the advanced countries. While the advanced world moves towards replacing fossil-fuel vehicles with electric ones, India wants to take a leap. It has set for itself an ambitious target of having only electric cars by 2030. The target is, in fact, more daunting than in many advanced countries. For example, Britain will ban the sale of new petrol and diesel cars 10 years after India, from 2040.

That’s why Union road transport and highways minister Nitin Gadkari spoke of bulldozing his way to the target at the annual convention of the Society of Indian Automobile Manufactures (SIAM).

Tags: DieselgstOilPetrol PricePetroleum Products
Share1106TweetSend
Previous Post

Manish Tewari’s Apology is even more Shocking than his Tweet

Next Post

Col.(R) Rajyavardhan Singh Rathore has Won the Hearts of Indian Athletes with this Pathbreaking Decision

Related Posts

With Stalin Hospitalised, Is DMK Headed for a Family Showdown?
Analysis

Heir vs Heir: Power Struggle Likely to Loom in DMK as Stalin Falls Unwell

22 July 2025

Tamil Nadu Chief Minister and DMK President M.K. Stalin's sudden hospitalisation due to "mild giddiness" has not only raised...

LeT’s Muridke Exit: Bahawalpur the New Hub
Analysis

Pakistan’s Terror Map Shifts as Lashkar-e-Taiba Flees 400 km South from Muridke to Bahawalpur After Op Sindoor

19 July 2025

After decades of hiding behind the Pakistani Army’s protection, Lashkar-e-Taiba is on the run. Rattled by the sheer scale...

Lalu Yadav Family Feud May Derail RJD as Discontent Grows Within
Analysis

Bihar Polls: Lalu Yadav’s Family Feud May Derail RJD’s Plans as Discontent Grows Within

15 July 2025

The Rashtriya Janata Dal, once a dominant force in Bihar politics, appears to be grappling with growing internal discord,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43

Maharashtra targets crypto christians. fake dalit quota scam exposed.

00:04:16
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited