Details of the tax structure and pricing breakdown for petrol and high-speed diesel have come to light, revealing that consumers are paying over Rs100 per liter in levies, taxes, and distribution margins on both fuels.
Official documents show a substantial portion of the retail fuel price is made up of government-imposed charges and industry margins in addition to the base import cost.
According to official documents, consumers are paying a total of Rs118.76 per liter in levies, taxes and margins on petrol, while Rs110.65 per liter is being charged on high-speed diesel.
The documents show that the base cost of one liter of petrol is Rs178.77, while the government has fixed the retail price at Rs297.53 per liter.
The final price includes Rs70.36 in petroleum levy, Rs5 as Climate Support Levy, Rs19.33 in customs duty, Rs6.86 as Inland Freight Equalisation Margin (IFEM), Rs7.87 as the oil marketing companies’ margin, and Rs8.64 as the dealers’ margin.
Similarly, the base cost of one liter of high-speed diesel is Rs198.85, while the government has set its retail price at Rs309.50 per liter.
According to the documents, a total of Rs110.65 per liter is being collected on high-speed diesel in the form of levies, taxes and various margins.
