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What is the breakdown of petrol price in India, and how much of it is taxes?
That's a lot! What are the different types of taxes on petrol in India?
There are mainly two types of taxes on petrol in India. The first is the central excise duty, which is a tax levied by the central government. The second is the state VAT (Value Added Tax) levied by individual states. Additionally, some states also charge an additional cess on petrol prices.