The Petrol per litre in Hyderabad is around now Rs 92. It could be the highest in the history of Telangana. It might go up to Rs 95 per litre according to the fuel experts.
People say that it costs around Rs 40 per litre to the state Government and the rest of Rs 50 is in the form of taxes that are collected by the State Government.
In fact is that it helped the Telangana Government to mop up additional revenues. This helped in the financial recovery of the Telangana Government it is reported. The Government has recovered from the losses it was facing due to Corona conditions for last 9 months.
The state government collects 35.20 per cent value-added tax(VAT) on petrol and 27 per cent VAT on diesel, and is among the states collecting the highest VAT on fuel in the country. The state government earns Rs 800 per crore per month on an average through VAT on petrol and diesel.
In 2019-20 fiscal, when there was no lockdown, the government earned Rs 7,720 crore through VAT on fuel till January 2020.
