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In Mumbai, 2 more hikes to Rs 100/litre for petrol | Mumbai News – Times of India


MUMBAI: Petrol price here will soon cross Rs100 a litre, with two more small hikes. The rate was at an all-time record of Rs99.71 a litre after another hike on Tuesday morning.
What has irked motorists is that the basic cost of fuel is Rs34.33, and in Maharashtra you have to pay taxes/VAT on petrol of Rs65.38 on every litre. VAT on fuel in Maharashtra is one of the highest in the country. If petrol crosses Rs100, protests by political parties across the state are likely.
The tax breakup for petrol on Tuesday showed basic cost as Rs34.33 per litre, while Maharashtra VAT/surcharge was Rs28.06 and Centre’s excise duty was Rs33.64. Dealer commission was Rs3.68 for every litre, oil industry sources said.
Diesel also went to an all-time high of Rs91.57 per litre here. Its basic cost is Rs36.44, VAT/surcharge is Rs19.78, while Central excise duty is Rs32.90 and dealer commission Rs2.45, sources said. Activists said the Centre and state must roll back excise duty and VAT to give relief to consumers.

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