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What is the breakdown of petrol price in India, and how much of it is taxes?
How do the taxes on petrol in India compare with other countries?
The taxes on petrol in India are among the highest in the world. According to recent data, India's tax on petrol constitutes around 39% of its GDP per capita, which is much higher than most other countries. For example, in neighboring countries like Sri Lanka and Bangladesh, the tax on petrol is around 30% and 23%, respectively.