Different Types of Taxes on Petrol in Telangana

1. Cess (levied by the State Government).
2. Additional Sales Tax (levied by the State Government).
3. Sales Tax (levied by the State Government).
4. Excise Duty (levied by the Central Government).

Factors that Determine Petrol Rates in Telangana

Some of the factors that determine the prices of petrol in Telangana are given below:

1. Excise Duty:An excise duty will be levied by the Government of India. This fee will be considered when determining petrol rates and will be paid by the consumer.
2. Sales Tax (State): Value Added Tax (VAT) is levied by the Telangana State Government on petrol prices. The dealer's commission and the crude oil rates determine the VAT that will be levied.
3. Demand and Supply:The tax that will be levied will depend on the demand and supply of fuel.
4. Crude Oil Rates:Crude oil prices in the global markets play a role in determining the prices of petrol in Telangana.

Example of How Taxes are Levied on Petrol

Let us consider the price for a litre of petrol to be Rs.109.66. Mentioned in the table below are the different taxes that are levied when petrol prices are determined in Telangana: