ODISHA GOVERNMENT STALLS ALL TRAINS TO PURI  EAST COAST RAILWAYS ISSUES ADVISORY ON PURI BASED TRAINS  PURI BOUND TRAINS WILL TERMINATE AT BHUBANESWAR  ODISHA CONFIRMED 1819 COVID POSITIVE  96 NEW COVID 19 CASES DETECTED TODAY  ALL 96 NEWS CASESES FROM QUARANTINE CENTERS  

VAT Hike On Fuel

Odisha Government has hiked the VAT rate on petrol and diesel with effect from Midnight today.

While VATon Petrol is hiked from 26% to 32% with effect from 17 May 2020 increasing Rs.3.11 per litre, the VAT rate on diesel is increased from 26% to 28% w.e.f 17 May 2020 increasing Rs.1.03 per litre.

The retail sale price of petrol at Bhubaneswar will be Rs.71.69 per litre on 17 May. 


The retail sale price of diesel at Bhubaneswar will be Rs.67.73 per litre on 17 May.

Government  of India have increased cess and special excise duty of Rs.10.00 per litre on petrol and Rs.13.00 per litre of diesel w.e.f 06 May 2020.

Thus, Government of India is collecting total tax of Rs.32.98 per litre of petrol and Rs.31.83 per litre of diesel, whereas Government of Odisha will collect VAT of Rs.16.60 per litre of petrol and Rs.14.34 per litre of diesel after present revision from 17 May 2020.

In the mean time, Governments of Assam, Nagaland, Maharastra, Karnataka, Rajasthan, Haryana, Tamilnadu and Delhi have increased VAT/Sales Tax on petrol and diesel during March/April/May 2020.


The retail sale price of petrol at Bhopal (MP) is Rs.77.58 per litre, at Mumbai (Maharashtra) is Rs.76.31 per litre, at Kolkata (WB) is Rs.73.30 per litre, at Hydrabad (Telengana) is Rs 73.97 per litre, at Visakhapatnam (AP) is Rs.73.55 per litre , at Chennai (Tamil Nadu) is Rs.75.54 per litre, at Bangalore (Karnataka) is Rs.73.55 per litre, at Jaipur (Rajasthan) Rs.76.70 per litre, at Patna (Bihar) is Rs 74.25 per litre & at Guwahati (Assam) is Rs.77.46 per litre.

Thus the retail sale price of petrol at Bhubaneswar will be less than most other cities in India as on 17.05.2020.

Similarly
The retail sale price of diesel at Bhopal (MP) is Rs.68.29 per litre, at Mumbai (Maharashtra) is Rs.66.21 per litre, at Hyderabad (Telengana) is Rs 67.82 per litre, at Visakhapatnam (AP) is Rs.67.49 per litre, at Chennai (Tamil Nadu) is Rs.68.22 per litre, at Delhi is Rs.69.39 per litre, at Jaipur (Rajasthan) Rs.69.82 per litre & at Guwahati (Assam) is Rs.70.50 per litre.

Thus the retail sale price of diesel at Bhubaneswar will be less than or at par with other cities in India as on 17 May.

The last revision of VAT rate on petrol & diesel was made on 05 January 2016 raising from 23% to 26% .

The collection of additional revenue would be utilized for delivery of services in health, education and other social sectors


eXTReMe Tracker
Powered by Catalyst IT Solutions Pvt. Ltd.