Petrol Tax in Madhya Pradesh: Different Types of Taxes on Petrol in MP

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What Is the Petrol Tax Levied in Madhya Pradesh?

VAT on petrol in Madhya Pradesh was ₹ 31.55 per litre, the highest in India.

However, after the Central Government announced a reduction in excise duty on petrol, the State Government reduced VAT by 4% and additional cess by ₹ 2 per litre of petrol. This reduction in VAT and excise duty will lower the petrol price by ₹ 7 per litre in Madhya Pradesh.

Take a look at this table below that lists essential components that make up the petrol price in Madhya Pradesh:

Elements	Effective as of 22nd February (₹ per litre)
Price charged to dealers	₹ 48.23 per litre
Excise duty (Levied by the Central Government)	₹27.90 per litre
Average dealer commission	₹ 3.21 per litre
VAT (Levied by the State Government)	₹ 25.51 per litre {(29%(fuel price charged to dealers + excise duty + avg. dealer commission)+₹2.50}
Retail selling price at Punjab	₹ 104.85 per litre

All About Petrol Tax in Madhya Pradesh

What Is the Petrol Tax Levied in Madhya Pradesh?

Who Levies VAT on Petrol in Madhya Pradesh?

What Are the Factors Affecting Petrol Tax in Madhya Pradesh?

1. Price of Crude Oil

2. Excise Duty

3. Sales Tax or VAT

4. Demand and Supply of Fuel

5. Valuation of Indian Rupees Against American Dollars

6. Availability of Refineries

Is Petrol Tax Same in All Places of Madhya Pradesh?

Frequently Asked Questions

✓ How much revenue loss has been estimated by officials of Madhya Pradesh after reducing VAT on petrol?

✓ Does dealers’ commission affect the petrol tax?

Important Articles about Petrol Tax in India

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