Deepak Shenoy demands cut in excise duty on fuel – check how taxes contribute to cost at the pump

Overall, taxes – including customs duty, excise duty and VAT – form a significant part of the retail price of fuel in India. For petrol, around 55-60% of the retail price is made up of taxes. This also includes:

• Custom duty: 2.5% basic customs duty, Rs 1.40 per litre, special additional duty of Rs 11 per litre, and additional customs duty of Rs 2.50 per litre, plus a cess of Rs 5 per liter for infrastructure development.

• central excise duty: Basic excise duty of Rs 1.40 per litre, special additional excise duty of Rs 11 per litre, agriculture infrastructure and development cess (AIDC) of Rs 2.50 per litre, and additional excise duty (roads and infrastructure cess) of Rs 5 per litre.