Central and state taxes now make up 70% of the price paid at a petrol pump at a time when even the society's affluent sections have faced a drop in earnings.
Petrol and Diesel prices have risen by nearly 25% in the last year even though crude oil prices have fallen marginally. This is because taxes have seen a steep rise. Central and state taxes now make up 70% of the price paid at a petrol pump at a time when even the society's affluent sections have faced a drop in earnings.