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The lower VAT on ATF will be applicable in Mumbai, Pune and Raigad districts. A total 19 States/UTs that have rationalised VAT rates in the last 1.5 years.

Maharashtra govt cuts VAT on aviation fuel

The lower VAT on ATF will be applicable in Mumbai, Pune and Raigad districts. A total 19 States/UTs that have rationalised VAT rates in the last 1.5 years.

In a move to give a big relief to domestic carriers, the Maharashtra government has announced a reduction in the value added tax levied on aviation turbine fuel (ATF) to 18 per cent from 25 per cent.&nbsp;
The new rate will be applicable in Mumbai, Pune and Raigad districts, deputy chief minister Devendra Fadnavis announced in his budget speech. Maharashtra levies 4 per cent VAT on ATF in districts except Mumbai and Pune. According to reports, the new rate could help in reducing fuel expenses for airlines as they rework their fueling uplift plans but it is not expected to add to many new flights as both Mumbai and Pune airports are constrained for slots. Fuel costs account for 30-40 per cent of the airlines' expenses.&nbsp;The issue of reduction in Value-Added Tax (VAT) on ATF was taken up with states/Union Territories levying high VATs on ATF and many of them reduced the tax on aviation fuel in the last many months.
To ensure financial viability in the sector, Union aviation minister, Jyotiraditya Scindia has been asking states to cut VAT on ATF.&nbsp;
"In a scenario of high fuel prices, this step will prove to be a catalyst in our efforts to ramp up air connectivity. With this, Maharashtra joins the league of total 19 States/UTs that have rationalised VAT rates in the last 1.5 years. Alongside enhanced connectivity for Mumbai, Pune &amp; Raigad, this will also make travel more affordable, and boost growth", said Scindia in a tweet.&nbsp;

Following the Union government's decision to provide relief from high petrol and diesel prices, some Opposition-ruled states have followed suit.
Rajasthan, Maharashtra, and Kerala announced a cut in Value Added Tax, or VAT on fuel after the Narendra Modi administration's decision to reduce excise duty on petrol and diesel.
The Shiv Sena-NCP-Congress coalition government in Maharashtra reduced VAT by Rs 2.08 per litre on petrol, and Rs 1.44 per litre on diesel.
The Congress government in Rajasthan announced slashing of VAT by Rs 2.48 per litre on petrol, and Rs 1.16 per litre on diesel.
Meanwhile, the Left government in Kerala had announced a price cut just hours after the Union government's declaration on May 21. Kerala reduced tax by Rs 2.41 per litre on petrol, and Rs 1.36 per litre on diesel.
Union finance minister Nirmala Sitharaman had put the onus on states after announcing the excise duty relief. The move came as retail inflation hit an 8-year high in India.

Petrol, diesel prices: 3 states reduce VAT after Modi govt's excise cut - Maharashtra, Rajasthan, Kerala

Petrol, diesel prices: Rajasthan, Maharashtra, and Kerala announced a cut in Value Added Tax, or VAT on fuel after the Narendra Modi administration's decision to reduce excise duty.

Following the Union government's decision to provide relief from high petrol and diesel prices, some Opposition-ruled states have followed suit.
Rajasthan, Maharashtra, and Kerala announced a cut in Value Added Tax, or VAT on fuel after the Narendra Modi administration's decision to reduce excise duty on petrol and diesel.
The Shiv Sena-NCP-Congress coalition government in Maharashtra reduced VAT by Rs 2.08 per litre on petrol, and Rs 1.44 per litre on diesel.
ALSO WATCH | <a href="https://www.editorji.com/business-news/economy/govt-s-mega-attack-on-inflation-food-fuel-farm-big-cut-in-prices-1653151783595" target="_blank">Govt's mega attack on inflation: food, fuel, farm big cut in prices</a>
The Congress government in Rajasthan announced slashing of VAT by Rs 2.48 per litre on petrol, and Rs 1.16 per litre on diesel.
Meanwhile, the Left government in Kerala had announced a price cut just hours after the Union government's declaration on May 21. Kerala reduced tax by Rs 2.41 per litre on petrol, and Rs 1.36 per litre on diesel.
Union finance minister Nirmala Sitharaman had put the onus on states after announcing the excise duty relief. The move came as retail inflation hit an 8-year high in India.

Better late than never, heaving a sigh of relief fuel consumers of Delhi got a present from CM Kejriwal on the first day of December as the state govt decided to finally cut VAT on petrol by Rs 8/litre. This reduction though a relief has been long awaited since the excise cut by the central govt. The downward revision on taxes however is still short compared to the Rs 12 cut done by neighbours Haryana & Uttar Pradesh. The Centre had announced a reduction of Rs 5 per litre in the excise duty on petrol and a Rs 10 per litre on diesel in the first week of November, after fuel prices touched a record high. Since then, opposition parties in Delhi have been urging the state government to cut VAT on petrol at their end as well.Even the Delhi Petrol dealers association had written a letter to Chief Minister Arvind Kejriwal asking to cut taxes as fuel in Delhi had become expensive by more than ₹9 in petrol than neighbouring states of Haryana and Uttar Pradesh.Since 2014, the VAT on fuel has increased six times in the national capital. The last time, Delhi government hiked the VAT was on July 31, 2020 on both the fuel products.

Delhi Petrol Price | Petrol gets cheaper: Delhi Government finally cuts VAT tax on fuel 

Delhi Govt finally gives in and cuts VAT on Petrol almost a month after the excise cut by the Central Govt. 

Petrol finally gets cheaper in Delhi

Over the past month fuel in Delhi has become&nbsp;expensive by more than&nbsp;₹9 in petrol than neighbouring states of Haryana and Uttar Pradesh

Better late than never, heaving a sigh of relief fuel consumers of Delhi got a present from CM Kejriwal&nbsp;on the first day of December as the state govt decided to finally cut VAT on petrol by Rs 8/litre.
This reduction though a relief has been long awaited since the excise cut by the central govt. The downward revision on taxes however is still short compared to the Rs 12 cut done by neighbours Haryana&nbsp;&amp; Uttar&nbsp;Pradesh.&nbsp; The Centre had announced a reduction of Rs 5 per litre in the excise duty on petrol and a Rs 10 per litre on diesel in the first week of November, after fuel prices touched a record high.&nbsp;Since then, opposition parties in Delhi have been urging the state government to cut VAT on petrol at their end as well. Even the&nbsp;Delhi Petrol dealers association had written a letter to Chief Minister Arvind Kejriwal asking to cut taxes as fuel in Delhi had become expensive by more than&nbsp;₹9 in petrol than neighbouring states of Haryana and Uttar Pradesh. Since 2014, the VAT on fuel has increased six times in the national capital. The last time, Delhi government hiked the VAT was on July 31, 2020 on both the fuel products.

Rewind to&nbsp;July&nbsp;2011&nbsp;,&nbsp;a year when crude prices soared to $113 in the international market and yet&nbsp;you were only paying Rs 68/litre&nbsp;at the petrol pump so as we fast forward a decade to 2021 and&nbsp;look at the pump price of Rs 108 in Mumbai&nbsp;when the global crude headline reads on $75/bbl.&nbsp;The first and possibly the only question&nbsp;that remains is-:&nbsp;&nbsp;Why is my petrol bill so high?&nbsp;&nbsp;
The price you pay at the petrol pump depends on 4 things and not just the price of oil in the global markets. The final cost of fuel depends on&nbsp;&nbsp;

Global crude prices&nbsp;
Exchange rate, the value of the rupee&nbsp;
Excise duty charged by the government.
Value Added Tax levied by the state government.&nbsp;

So&nbsp;who is to blame right now?&nbsp;We evaluate all four &lsquo;villains&rsquo; as the blame game begins!&nbsp;&nbsp;&nbsp;Candidate&nbsp;#1: Crude prices&nbsp;&nbsp;
Global crude prices&nbsp;have seen erratic moves almost, mirroring major tantrums by a spoilt child. From the lows of&nbsp;$11 to the highs of $76 the range of the price moves has been dizzying. But at $76 it is still&nbsp;way below the over $100 mark record high so it still leaves one puzzled on the price at the pump. Infact even at $11 a&nbsp;bbl&nbsp;we were still paying Rs 75 for a&nbsp;litre&nbsp;at the petrol pump.&nbsp;So&nbsp;well&nbsp;it becomes obvious that the petrol price blame game has to shift away from the global crude prices that have been nowhere close to record high unlike domestic fuel prices.&nbsp;&nbsp;&nbsp;Candidate #2:&nbsp; Rupee value vs dollar&nbsp;&nbsp;The focus then shifts to the currency, as it&nbsp;import&nbsp;over 80% of crude needs if the&nbsp;value of the rupee keeps&nbsp;falling&nbsp;we would pay more rupees for every dollar we were spending on oil even if the price of crude stayed the same. This has been a silent villain for the petrol bill for the govt who paid Rs 44 per dollar a decade ago when crude was the same price vs now when the rupee stands at Rs 75 per dollar.&nbsp;&nbsp;&nbsp;So&nbsp;India spends close to $90 billion a year importing oil;&nbsp;in 2011 that cost&nbsp;the ex&mdash;chequer&nbsp;(at the rate of Rs 44/$) Rs 3.76 lakh crore.&nbsp;&nbsp;If the import&nbsp;quantity&nbsp;stays the same the&nbsp;equal,&nbsp;the same bill of $90 billion&nbsp;now means the payout balloons to&nbsp;Rs 6.79 lakh crore merely coz each rupee now fetches you much lower amount of dollars.&nbsp;&nbsp;&nbsp;&nbsp;Candidate #3: Taxes, states &amp;&nbsp;centre&nbsp;&nbsp;&nbsp;If one asks for a detailed bill from the petrol or just checks the website of India&rsquo;s largest fuel retailed Indian Oil Corporation&nbsp;you would see the maximum pressure on the bill is below the cost of fuel and actually rests with the taxes, by the state and central government.&nbsp;Nearly 60% of your bill&nbsp;is&nbsp;merely taxes, so the cost of petrol is about RS 40/litre&nbsp;and the rest Rs 60 is merely taxes and duties.&nbsp;&nbsp;&nbsp;Culprit&nbsp;#1 Excise Duty: The excise duty collected by the government has risen sharply in the last year&nbsp;in May last&nbsp;year, the central excise duty on petrol was increased from Rs 22.98 per&nbsp;litre&nbsp;to Rs 32.98 per&nbsp;litre. Despite a much lower demand for fuel in the pandemic the governments&rsquo;&nbsp;excise duty&nbsp;kitty,&nbsp;&nbsp;collected&nbsp;mostly from petrol and diesel, jumped almost 63% to Rs 3.89 lakh crore in the last financial year&nbsp;which has given the purse holders for the government great relief&nbsp;but has had the opposite reaction for consumers.&nbsp;&nbsp;&nbsp;Culprit #2: Value Added&nbsp;Tax(VAT): Levied by the state governments&nbsp;this differs from state to state. For&nbsp;example&nbsp;in&nbsp;Delhi is around&nbsp;23% adding onto the excise duty already imposed by the state.&nbsp;The collection of&nbsp;VATor&nbsp;rates have largely been stable over the last 10 years but adds significantly to the petrol bill.&nbsp;&nbsp;&nbsp;So&nbsp;what next? Will my petrol bill never reduce again?&nbsp;&nbsp;With a hike in prices almost every alternate day from the start of May any significant reduction seems unlikely except the double trouble villain of tax is tackled. The only plausible&nbsp;solution to reduce the&nbsp;b&rsquo;oil&rsquo;ing&nbsp;burden of tax is to bring petrol, diesel under GST, which has support not just from the Finance Ministry but also from the Central banker. The RBI worried about inflation impact has repeatedly&nbsp;signaled the need for a uniform tax on petrol.&nbsp;Which would be the only way remove the 60% tax hit on the petrol bill.&nbsp;&nbsp;&nbsp;Why the delay in inclusion for petrol in GST?&nbsp;&nbsp;Simply speaking the states don&rsquo;t want to kill the chicken that lays the golden egg. Petroleum products contribute a significant amount of revenue to the states. For instance, VAT on petroleum products is as high as 40% in Maharashtra, adding&nbsp;over Rs 25,000 crore per year.&nbsp;Bringing petroleum under GST takes away that control as the Centre is the one in charge of fixing the rate of GST.&nbsp;&nbsp;&nbsp;&nbsp;

Petrol Pain Explained| Blame game, who is the real culprit for high prices & will rates ever come down?

Petrol Pain Explained | The price blame game, who is the real culprit for b'oil'ing&nbsp;fuel prices&nbsp;&amp; will rates every come down?&nbsp;&nbsp;

Petrol Pain Explained

Rewind to&nbsp;July&nbsp;2011,&nbsp;a year when crude prices soared to $113 in the international market and yet&nbsp;you were only paying Rs 68/litre&nbsp;at the petrol pump so as we fast forward a decade to 2021 and&nbsp;look at the pump price of Rs 108 in Mumbai&nbsp;when the global crude headline reads on $75/bbl.&nbsp;The first and possibly the only question&nbsp;that remains is-:&nbsp; &nbsp; Why is my petrol bill so high?&nbsp;&nbsp;
The price you pay at the petrol pump depends on 4 things and not just the price of oil in the global markets. The final cost of fuel depends on&nbsp;&nbsp;
Global crude prices&nbsp; Exchange rate, the value of the rupee&nbsp; Excise duty charged by the government. Value Added Tax levied by the state government.&nbsp; So&nbsp;who is to blame right now?&nbsp;We evaluate all four &lsquo;villains&rsquo; as the blame game begins!&nbsp;&nbsp; &nbsp; Candidate&nbsp;#1: Crude prices&nbsp;&nbsp;
Global crude prices&nbsp;have seen erratic moves almost, mirroring major tantrums by a spoilt child. From the lows of&nbsp;$11 to the highs of $76 the range of the price moves has been dizzying. But at $76 it is still&nbsp;way below the over $100 mark record high so it still leaves one puzzled on the price at the pump. In fact&nbsp;even at $11 a&nbsp;bbl&nbsp;we were still paying Rs 75 for a&nbsp;litre&nbsp;at the petrol pump.&nbsp;So&nbsp;well&nbsp;it becomes obvious that the petrol price blame game has to shift away from the global crude prices that have been nowhere close to record high unlike domestic fuel prices.&nbsp;&nbsp; &nbsp; Candidate #2:&nbsp; Rupee value vs dollar&nbsp; &nbsp; The focus then shifts to the currency, as it&nbsp;import&nbsp;over 80% of crude needs if the&nbsp;value of the rupee keeps&nbsp;falling&nbsp;we would pay more rupees for every dollar we were spending on oil even if the price of crude stayed the same. This has been a silent villain for the petrol bill for the govt who paid Rs 44 per dollar a decade ago when crude was the same price vs now when the rupee stands at Rs 75 per dollar.&nbsp;&nbsp; &nbsp; So&nbsp;India spends close to $90 billion a year importing oil;&nbsp;in 2011 that cost&nbsp;the exchequer&nbsp;(at the rate of Rs 44/$) Rs 3.76 lakh crore.&nbsp;&nbsp; If the import&nbsp;quantity&nbsp;stays the same the&nbsp;equal,&nbsp;the same bill of $90 billion&nbsp;now means the payout balloons to&nbsp;Rs 6.79 lakh crore merely coz each rupee now fetches you a much lower amount of dollars.&nbsp;&nbsp; &nbsp; &nbsp; Candidate #3: Taxes, states &amp;&nbsp;centre&nbsp;&nbsp; &nbsp; If one asks for a detailed bill from the petrol or just checks the website of India&rsquo;s largest fuel retailer Indian Oil Corporation&nbsp;you would see the maximum pressure on the bill is below the cost of fuel and actually rests with the taxes, by the state and central government.&nbsp;Nearly 60% of your bill merely taxes, so the cost of petrol is about RS 40/litre&nbsp;and the rest Rs 60 is merely taxes and duties.&nbsp;&nbsp; &nbsp; Culprit&nbsp;#1 Excise Duty: The excise duty collected by the government has risen sharply in the last year&nbsp;in May last&nbsp;year, the central excise duty on petrol was increased from Rs 22.98 per&nbsp;litre&nbsp;to Rs 32.98 per&nbsp;litre. Despite much lower demand for fuel in the pandemic the governments&rsquo;&nbsp;excise duty&nbsp;kitty,&nbsp;&nbsp;collected&nbsp;mostly from petrol and diesel, jumped almost 63% to Rs 3.89 lakh crore in the last financial year&nbsp;which has given the purse holders for the government great relief&nbsp;but has had the opposite reaction for consumers.&nbsp;&nbsp; &nbsp; Culprit #2: Value Added&nbsp;Tax(VAT): Levied by the state governments&nbsp;this differs from state to state. For&nbsp;example&nbsp;in&nbsp;Delhi is around&nbsp;23% adding onto the excise duty already imposed by the state.&nbsp;The collection of&nbsp;VATor&nbsp;rates have largely been stable over the last 10 years but adds significantly to the petrol bill.&nbsp;&nbsp; &nbsp; So&nbsp;what next? Will my petrol bill never reduce again?&nbsp; &nbsp; With a hike in prices, almost every alternate day from the start of May any significant reduction seems unlikely except the double trouble villain of tax is tackled. The only plausible&nbsp;solution to reduce the&nbsp;b&rsquo;oil&rsquo;ing&nbsp;burden of tax is to bring petrol, diesel under GST, which has support not just from the Finance Ministry but also from the Central banker. The RBI worried about inflation impact has repeatedly&nbsp;signalled the need for a uniform tax on petrol.&nbsp;This would be the only way to remove the 60% tax hit on the petrol bill.&nbsp;&nbsp; &nbsp; Why the delay in inclusion for petrol in GST?&nbsp; &nbsp; Simply speaking the states don&rsquo;t want to kill the chicken that lays the golden egg. Petroleum products contribute a significant amount of revenue to the states. For instance, VAT on petroleum products is as high as 40% in Maharashtra, adding&nbsp;over Rs 25,000 crore per year.&nbsp;Bringing petroleum under GST takes away that control as the Centre is the one in charge of fixing the rate of GST.&nbsp;&nbsp; &nbsp; &nbsp;

Petrol prices stand at record high across the nation with hikes almost every alternate day since the start of May.&nbsp;

Rewind to&nbsp;July&nbsp;2011,&nbsp;a year when crude prices soared to $113 in the international market and yet&nbsp;you were only paying Rs 68/litre&nbsp;at the petrol pump so as we fast forward a decade to 2021 and&nbsp;look at the pump price of Rs 108 in Mumbai&nbsp;when the global crude headline reads on $75/bbl.&nbsp;The first and possibly the only question&nbsp;that remains is-:&nbsp; &nbsp; Why is my petrol bill so high?&nbsp;&nbsp;
The price you pay at the petrol pump depends on 4 things and not just the price of oil in the global markets. The final cost of fuel depends on&nbsp;&nbsp;
<ul>
<li>Global crude prices&nbsp;</li>
<li>Exchange rate, the value of the rupee&nbsp;</li>
<li>Excise duty charged by the government.</li>
<li>Value Added Tax levied by the state government.&nbsp;</li>
</ul>
So&nbsp;who is to blame right now?&nbsp;We evaluate all four &lsquo;villains&rsquo; as the blame game begins!&nbsp;&nbsp; &nbsp; Candidate&nbsp;#1: Crude prices&nbsp;&nbsp;
Global crude prices&nbsp;have seen erratic moves almost, mirroring major tantrums by a spoilt child. From the lows of&nbsp;$11 to the highs of $76 the range of the price moves has been dizzying. But at $76 it is still&nbsp;way below the over $100 mark record high so it still leaves one puzzled on the price at the pump. In fact&nbsp;even at $11 a&nbsp;bbl&nbsp;we were still paying Rs 75 for a&nbsp;litre&nbsp;at the petrol pump.&nbsp;So&nbsp;well&nbsp;it becomes obvious that the petrol price blame game has to shift away from the global crude prices that have been nowhere close to record high unlike domestic fuel prices.&nbsp;&nbsp; &nbsp; Candidate #2:&nbsp; Rupee value vs dollar&nbsp; &nbsp; The focus then shifts to the currency, as it&nbsp;import&nbsp;over 80% of crude needs if the&nbsp;value of the rupee keeps&nbsp;falling&nbsp;we would pay more rupees for every dollar we were spending on oil even if the price of crude stayed the same. This has been a silent villain for the petrol bill for the govt who paid Rs 44 per dollar a decade ago when crude was the same price vs now when the rupee stands at Rs 75 per dollar.&nbsp;&nbsp; &nbsp; So&nbsp;India spends close to $90 billion a year importing oil;&nbsp;in 2011 that cost&nbsp;the exchequer&nbsp;(at the rate of Rs 44/$) Rs 3.76 lakh crore.&nbsp;&nbsp; If the import&nbsp;quantity&nbsp;stays the same the&nbsp;equal,&nbsp;the same bill of $90 billion&nbsp;now means the payout balloons to&nbsp;Rs 6.79 lakh crore merely coz each rupee now fetches you a much lower amount of dollars.&nbsp;&nbsp; &nbsp; &nbsp; Candidate #3: Taxes, states &amp;&nbsp;centre&nbsp;&nbsp; &nbsp; If one asks for a detailed bill from the petrol or just checks the website of India&rsquo;s largest fuel retailer Indian Oil Corporation&nbsp;you would see the maximum pressure on the bill is below the cost of fuel and actually rests with the taxes, by the state and central government.&nbsp;Nearly 60% of your bill merely taxes, so the cost of petrol is about RS 40/litre&nbsp;and the rest Rs 60 is merely taxes and duties.&nbsp;&nbsp; &nbsp; Culprit&nbsp;#1 Excise Duty: The excise duty collected by the government has risen sharply in the last year&nbsp;in May last&nbsp;year, the central excise duty on petrol was increased from Rs 22.98 per&nbsp;litre&nbsp;to Rs 32.98 per&nbsp;litre. Despite much lower demand for fuel in the pandemic the governments&rsquo;&nbsp;excise duty&nbsp;kitty,&nbsp;&nbsp;collected&nbsp;mostly from petrol and diesel, jumped almost 63% to Rs 3.89 lakh crore in the last financial year&nbsp;which has given the purse holders for the government great relief&nbsp;but has had the opposite reaction for consumers.&nbsp;&nbsp; &nbsp; Culprit #2: Value Added&nbsp;Tax(VAT): Levied by the state governments&nbsp;this differs from state to state. For&nbsp;example&nbsp;in&nbsp;Delhi is around&nbsp;23% adding onto the excise duty already imposed by the state.&nbsp;The collection of&nbsp;VATor&nbsp;rates have largely been stable over the last 10 years but adds significantly to the petrol bill.&nbsp;&nbsp; &nbsp; So&nbsp;what next? Will my petrol bill never reduce again?&nbsp; &nbsp; With a hike in prices, almost every alternate day from the start of May any significant reduction seems unlikely except the double trouble villain of tax is tackled. The only plausible&nbsp;solution to reduce the&nbsp;b&rsquo;oil&rsquo;ing&nbsp;burden of tax is to bring petrol, diesel under GST, which has support not just from the Finance Ministry but also from the Central banker. The RBI worried about inflation impact has repeatedly&nbsp;signalled the need for a uniform tax on petrol.&nbsp;This would be the only way to remove the 60% tax hit on the petrol bill.&nbsp;&nbsp; &nbsp; Why the delay in inclusion for petrol in GST?&nbsp; &nbsp; Simply speaking the states don&rsquo;t want to kill the chicken that lays the golden egg. Petroleum products contribute a significant amount of revenue to the states. For instance, VAT on petroleum products is as high as 40% in Maharashtra, adding&nbsp;over Rs 25,000 crore per year.&nbsp;Bringing petroleum under GST takes away that control as the Centre is the one in charge of fixing the rate of GST.&nbsp;&nbsp; &nbsp; &nbsp;

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