Petrol Tax in Punjab: Different Types of Taxes Applicable on Petrol

What Is the Petrol Tax Levied in Punjab?

 

Total tax on petrol in Punjab is the sum of the VAT or sales tax and excise duty. Post the Central Government’s call to slash excise duty on petrol, the Punjab State Government also reduced VAT from 27.27% to 15.15% (13.77%+10% surcharge).

The table below shows all the tax components and other parameters involved in the retailing price of petrol.

Elements

Effective as of 27th Jan (in ₹ per litre)

Price charged to dealers

₹48.23 per litre

Excise duty (Levied by the Central Government)

₹27.90 per litre

Average dealer commission

₹5 per litre

VAT (Levied by the State Government)

₹12.14 per litre{15.15% of (fuel price charged to dealers + excise duty + avg. dealer commission)}

Retail selling price at Punjab

₹93.27 per litre

(Note: The above table serves as an example to explain the petrol tax breakup, with data taken from reliable and authorised sources, as of 27th Jan 2022. The actual prices, however, may vary as fuel price, dealer’s commission, cess and other such aspects change periodically. Check the latest petrol price in Punjab).

Who Levies Petrol Tax in Punjab?

What Are the Factors Affecting Tax on Petrol in Punjab?

Is the Petrol Tax Same in All Places in Punjab?

Frequently Asked Questions