Petrol Prices: How Much Tax Does Government Collect Per Liter? Uncover the True Cost!

• Government reduced excise duty on petrol by 10 rupees, making special excise duty 3 rupees, to support oil companies amid rising crude oil prices.
• The reduction aims to prevent oil companies from increasing petrol and diesel prices, indirectly benefiting common people.
• Crude oil prices surged from $70 to over $107 per barrel, causing oil companies losses of approximately 24 rupees/liter on petrol and 30 rupees/liter on diesel.
• Petrol's final price includes crude oil/refining (45%), central excise duty (25%), state tax (20%), and dealer commission (10%).
• After the reduction, central excise duty on petrol is 11.90 rupees/liter and on diesel is 7.80 rupees/liter; petrol's price nearly doubles from refinery to pump due to taxes.