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The information in this article was last updated on 21st October 2022.
As on 21st October 2022, the price of petroleum per litre is ₹104.46 in Kerala. Earlier the Central government had announced a cut of ₹ 5 per litre on central excise duty on petrol, urging states to do the same last year. However, the Kerala government refused to lower the petrol tax. On that note, let’s look at the petrol tax in Kerala.
Although the Centre slashed excise duty on petrol recently, the Kerala State Government has no plans to cut down on sales tax, most likely because it hadn’t hiked fuel tax in the last 6 years. Regardless, the petrol price tax split up in Kerala has been shown below -
|
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 |
₹3.66 per litre |
|
VAT (Levied by the State Government) |
₹24.93 per litre {30.8% of (fuel price charged to dealers + excise duty + avg. dealer commission)} |
|
Retail selling price at Kerala |
₹105.84 per litre |
There are 2 components of the petrol tax in Kerala. The Central Government of India imposes a central excise duty while the state government charges sales tax, additional sales tax and cess. The combination of these taxes regulates petrol price and tax in Kerala. This price is set every day at 6 am.
Here are some factors that affect the petrol price in Kerala. They are -
Price of crude oil affects the price of petrol in Kerala and in India. Demand and supply and international politics are some of the factors that affect the price of crude oil.
The Indian Central Government levies this duty which a consumer pays.
Oil Marketing Companies distribute petrol. Consequently, they ask the price to dealers. This cost paid by dealers is then passed to consumers, impacting the petrol price.
Oil Marketing Companies pay a sum such as a commission to petrol pump owners. This also plays a part in petroleum price in Kerala.
Every state levies a sales tax, Kerala is no different, as the cess and revenue create an income source for the government.
Yes, the petrol tax is the same in all places in Kerala. However, individuals may observe different petrol prices across petrol pumps due to varying dealer’s commissions applicable besides tax.
In conclusion, that was all about the petrol tax in Kerala. However, petrol prices are not going to be slashed anytime soon as per the government diktat.
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