Survey says 69% people want reduction in excise duty on petrol and diesel

Majority of the citizens want excise duty on petrol and diesel reduced by 20 per cent or by 6 or more.This will reduce the price of petrol to 78 per litre and diesel to 68 per litre in Delhi and similarly across other states in India.
By : PTI
| Updated on: 07 Jan 2021, 17:13 PM
Representational photo (MINT_PRINT)
Representational photo (MINT_PRINT)
Representational photo (MINT_PRINT)
Representational photo

A survey has said that 69 per cent respondents want the government to cut excise duty on petrol and diesel to bring down the fuel prices that have touched record highs.

As central excise is one of the two major components of the prices of fuel, moderation in the duty will provide succour to people who are facing the heat of economic slowdown and income disruption due to the Covid-19 pandemic, according to the survey conducted by Local Circles, a community social media platform. 

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"The aggregate percentage of responses from 69 per cent citizens want the government to reduce excise duty on petrol and diesel. Of which, the majority of citizens want the prices to be reduced by 20 per cent or by 6 or more for both petrol and diesel," it said. 

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(Also read | Indian Oil says rise in fuel sales in 2020 shows signs of economic recovery)

If done, it will reduce the price of petrol to 78 per litre and diesel to 68 per litre in Delhi and similarly across India where the impact to the citizens is even higher, it said, adding, Delhi has one of the lowest prices of diesel and petrol in the country.

The survey had 9,326 responses from citizens residing in 201 districts of India. Of this 71 per cent respondents were men while 29 per cent respondents were women. 

Petrol price on Thursday scaled to an all-time high of 84.20 per litre in the national capital after state-owned fuel retailers hiked rates for the second day in a row.

Petrol price on Thursday was hiked by 23 paise per litre and diesel by 26 paise a litre, according to a price notification from oil marketing companies. In Delhi, petrol now costs 84.20 per litre and diesel is priced at 74.38. In Mumbai, petrol comes for 90.83 a litre and diesel for 81.07.

Of the 84 per litre that commoners pay at the pump, the actual value of the petrol is only 26 while the rest are taxes, duty and dealer's commission, the survey said.

(Also read | India's fuel demand climbs for third straight month in November)

The central government charges 32.98 (125 per cent of the base price) as excise and the Delhi government levies 19 (72 per cent of the base price) per litre on petrol Value-added Tax (VAT), it said, adding, similar levies in commission and taxes are applied on diesel.

First Published Date: 07 Jan 2021, 17:13 PM IST
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