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All About Petrol Tax in Jammu and Kashmir

What Is the Petrol Tax Levied in Jammu and Kashmir?

Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, stated that the Prime Minister of India had gifted citizens a Diwali gift by reducing excise duty on petrol. Following the Central Government’s move, the Administration of Jammu and Kashmir slashed VAT  on petrol by ₹7 per litre.

Take a look at this table mentioned below that illustrates tax rates charged and additional components that make up the petrol price in Jammu and Kashmir:

Elements

Effective as of 21st October 2022 (in ₹ per litre)

Price charged to dealers

₹57.35 per litre

Excise duty (levied by the Central Government)

₹ 19.90 per litre

Average dealer commission

₹5.93 per litre

VAT (levied by the State Government)

₹17.36 per litre {20.87% of fuel price charged to dealers + excise duty + avg. dealer commission)} (an additional employment cess of ₹5 per litre and a reduction of 0.50 per litre is applicable)

Retail selling price of petrol at Jammu and Kashmir

₹100.54 per litre

(Note: The above table serves only as an example to explain the tax breakup for petrol in Jammu and Kashmir, with data taken from reliable and authorised sources as of 21st October 2022 . The actual prices, however, may vary as fuel price, dealer’s commission, cess and other such aspects change periodically.)

Who Levies Petrol Tax in Jammu and Kashmir?

What Are the Factors Affecting Petrol Tax in Jammu and Kashmir?

Is Petrol Tax Same in All Places of Jammu and Kashmir?

Frequently Asked Questions