Bring Petrol and Diesel under GST sign now

As on June 16, 2017, global price for crude oil was 47 USD, which is 3,050 INR.

1 barrel of crude oil = 159 liters.

Thus, crude oil, per liter = 19.18 INR.

Entry Tax, Refinery Processing, Landing Cost and Operational Costs with Margins per liter = 5.65 INR.

Margin, Transportation, Freight Cost per liter = 2.68 INR.

After refining, the basic cost of fuel, per liter = 27.51 INR.

Now, Excise Duty imposed by the Center @ 21.48 per liter – YES, JUST the duty.

Pre-VAT, petroleum dealers buy each liter of petrol at Rs 48.99.

Dealers get a commission of Rs 2.57 per liter.

Tamil Nadu government imposes 34% VAT on this price, bringing petrol costs to Rs 68.02! State governments all over India have VAT in this zone, give or take a few percentages.

In other words, a liter of petrol which ended up costing Rs 27.51 per liter post-refinement becomes Rs 68, once all taxes are added!

NOW, UNDERSTAND?

If they are brought under GST, even assuming a maximum tax percentage of 28%, the prices would DROP BY HALF!

MEANING, RS 35 PER LITER!

Is it not unfair that whatever benefits the common man is excluded, whatever benefits the government is included in the GST?

 

Sign The Petition

Sign with Facebook
OR

If you already have an account please sign in, otherwise register an account for free then sign the petition filling the fields below.
Email and the password will be your account data, you will be able to sign other petitions after logging in.

Privacy in the search engines? You can use a nickname:

Attention, the email address you supply must be valid in order to validate the signature, otherwise it will be deleted.

I confirm registration and I agree to Usage and Limitations of Services

I confirm that I have read the Privacy Policy

I agree to the Personal Data Processing

Shoutbox

Who signed this petition saw these petitions too:

Sign The Petition

Sign with Facebook
OR

If you already have an account please sign in

Comment

I confirm registration and I agree to Usage and Limitations of Services

I confirm that I have read the Privacy Policy

I agree to the Personal Data Processing

Goal
9 / 10000000

Latest Signatures

Information

Raghu SankaranBy:
Politics and GovernmentIn:
Petition target:
Government of India, Indian Prime Minister, Mr Narendra Modi

Petition community:
Community

Tags

bjp, government of india, lok sabha, narendra modi, rajya sabha

Share

Invite friends from your address book

Embed Codes

direct link

link for html

link for forum without title

link for forum with title

Widgets