In the current pricing policy, the price of diesel in India consists of

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Q: 99 (CAPF/2013)
In the current pricing policy, the price of diesel in India consists of

question_subject: 

Polity

question_exam: 

CAPF

stats: 

0,60,71,71,31,13,16

keywords: 

{'diesel': [1, 0, 0, 1], 'current pricing policy': [0, 0, 0, 1], 'fuel component': [0, 0, 0, 1], 'customs duty': [0, 0, 0, 1], 'india': [8, 1, 7, 13], 'excise duty': [0, 0, 0, 1]}

The correct answer is option 1: Fuel component + Customs duty + Excise duty + Sales VAT + Dealer`s commission.

This means that the price of diesel in India is determined by several components.

- The fuel component represents the actual cost of the diesel fuel. It is influenced by global crude oil prices and transportation costs among other factors.

- Customs duty is a tax imposed on imported diesel.

- Excise duty is a tax imposed by the government on the production and sale of diesel within the country.

- Sales VAT (Value Added Tax) is a percentage of the selling price that is imposed by the state government. It varies from state to state.

- Dealer`s commission represents the profit margin that the fuel dealer adds to the price of diesel.

It is important to note that these components may vary over time as they are subject to changes in government policies, international fuel prices, and regional tax rates. It`s also worth mentioning that this explanation is specific to the current pricing policy and can be subject to change in the future.

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