The Ministry of Finance has reduced the infrastructure tax on petrol and diesel. According to a source in the Ministry of Finance, it has been decided to reduce the infrastructure tax on petrol and diesel by Rs 10/10 per liter. The decision has not been made public by the ministry.
India had reduced the tax by Rs 10 as the price of petrol increased in the international market. Nepal has also decided to reduce petrol tax by the same amount after a few days.
The corporation has levied a tax of Rs 63.23 per liter on petrol purchased from Indian Oil Corporation at Rs 117.18 per liter. The government levies a tax of Rs 45.91 on diesel purchased at Rs 134.54. In addition, Rs 39.81 has been charged in the name of transportation fare, administrative expenses of the corporation, insurance expenses, technical loss and seller’s commission.