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Saturday, September 16, 2017

Petrol is a hazard, but Modi can get 38 rupees a liter petrol, know how?

Petrol is a hazard, but Modi can get 38 rupees a liter petrol, know how?

New Delhi - The Narendra Modi government is getting much criticism due to the rising prices of petrol and diesel. In this matter, Petroleum minister Dharmendra Pradhan has said that the price of petroleum products can be logical only when it is brought under the purview of the goods and services tax (GST), that means everything is in the hands of the Central Government. Tell you that petroleum products are excluded from GST. Petrol can be available at 38 rs per liter.How can petrol and diesel prices be reduced?We do not pay the petrol only, but also pay the equivalent excise duty. In April 2014, the excise duty on petrol was 9.8 per liter. Which has now increased to Rs 21.48. That is, we are paying an additional payment of Rs 21.48 per liter of each liter. Clearly, the amount we pay for petrol and diesel is 55.5% of petrol and 47.3% of the tax. That is, on every liter we are paying almost equivalent to the tax.

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