Petrol Price in Belgaum Today: Rs. 75.62 - Rs. 94.55

Last Update: Sat, 10 Apr 2021 07:18:05

Petrol & Diesel Price Today in Belgaum (Karnataka)

Petrol Price Today: ₹75.62 * - ₹94.55 [per litre] (as per IOCL)

Diesel Price Today: ₹68.39 - ₹86.65 [per litre] (as per IOCL)

This Price is effective from 10-04-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Belgaum is 196

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 35.75/litre
Additional: Excise Duty + Road Cess as Charged by Central Government: Rs. 17.98/litre
Commission to Petrol Pump Dealers: Rs. 3.56/litre
Additional:VAT (Varies from State to State): Rs. 18.33/litre
Final Retail Price -(calculation): Rs. 75.62/litre *

Petrol & Diesel Prices (per litre) according to IOCL Petrol Pumps in Belgaum (Karnataka)

Aagam Petroleum
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Adarash Petroleums
Petrol Price: Rs. 94.27 | Diesel Price: Rs. 86.40

Ahilya Kisan Seva Kendra
Petrol Price: Rs. 94.28 | Diesel Price: Rs. 86.41

Aisha Service Center
Petrol Price: Rs. 93.66 | Diesel Price: Rs. 85.84

Anjaneya Petroleums
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Annapoorneshwari Petro Outlet
Petrol Price: Rs. 94.17 | Diesel Price: Rs. 86.31

Anushree Petroleums
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Appaji Petroleums
Petrol Price: Rs. 94.37 | Diesel Price: Rs. 86.49

Appasaheb Petroleum
Petrol Price: Rs. 93.98 | Diesel Price: Rs. 86.13

Arihant Petroleums
Petrol Price: Rs. 93.91 | Diesel Price: Rs. 86.07

Ars Petroleum
Petrol Price: Rs. 94.05 | Diesel Price: Rs. 86.20

Ashok Petrol Stores
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Aski Petroleums
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Associated Petroleum
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Awatade Petroleum
Petrol Price: Rs. 93.93 | Diesel Price: Rs. 86.08

B S Tigadi Petroleum
Petrol Price: Rs. 94.15 | Diesel Price: Rs. 86.29

B.b. Hosamani Sons Petroleum
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

B.p. Godi Petroleums
Petrol Price: Rs. 94.05 | Diesel Price: Rs. 86.20

Bagi Oil Agency
Petrol Price: Rs. 94.00 | Diesel Price: Rs. 86.15

Bajarangbali Petroleums
Petrol Price: Rs. 93.93 | Diesel Price: Rs. 86.08

Banashankari Petroleums
Petrol Price: Rs. 93.86 | Diesel Price: Rs. 86.02

Basavaraj Petroleums
Petrol Price: Rs. 94.10 | Diesel Price: Rs. 86.25

Basaveshwar Petroleum
Petrol Price: Rs. 93.47 | Diesel Price: Rs. 85.66

Basaveshwara Traders
Petrol Price: Rs. 94.28 | Diesel Price: Rs. 86.41

Biradar Petroleum
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

C C Wastrad
Petrol Price: Rs. 93.76 | Diesel Price: Rs. 85.93

Cocoapmc Road Belgaum
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Damodar Petroleums
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Dasanavar Petroleum
Petrol Price: Rs. 94.10 | Diesel Price: Rs. 86.25

Desai Petroleums
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Deshpaik Kisan Seva Kendra
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Deshpande Petroleums
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Deshpande S Kisan Seva Kendra
Petrol Price: Rs. 93.71 | Diesel Price: Rs. 85.88

Dhekolkar Traders
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Dr. Hardikar Seva Dham Society
Petrol Price: Rs. 94.06 | Diesel Price: Rs. 86.20

Dyamanagoudar Petroleum
Petrol Price: Rs. 93.94 | Diesel Price: Rs. 86.10

Eskay Petroleums
Petrol Price: Rs. 93.46 | Diesel Price: Rs. 85.65

G.v.deshnur Co
Petrol Price: Rs. 93.81 | Diesel Price: Rs. 85.98

Gajanan Traders
Petrol Price: Rs. 93.47 | Diesel Price: Rs. 85.67

Ganga Oil Agency
Petrol Price: Rs. 94.17 | Diesel Price: Rs. 86.30

Gangamata Petroleum
Petrol Price: Rs. 94.25 | Diesel Price: Rs. 86.38

Giri Petroleums
Petrol Price: Rs. 93.68 | Diesel Price: Rs. 85.86

Gomatesh Petroleums
Petrol Price: Rs. 93.84 | Diesel Price: Rs. 86.00

Hanumanth Petroleum
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Harshanikit Petroleum
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Hiranyakeshi Coop - Chikodi
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Hulegamma Filling Station
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

J.k.makavi Company
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Jagadishwari Petroleums
Petrol Price: Rs. 93.64 | Diesel Price: Rs. 85.81

Jai Anjaneya Kisan Seva Kendra
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Jai Gomatesh Kisan Seva Kendra
Petrol Price: Rs. 94.26 | Diesel Price: Rs. 86.39

Jinesh Petroleum
Petrol Price: Rs. 94.49 | Diesel Price: Rs. 86.59

Kamannavar Petroleum Ksk
Petrol Price: Rs. 94.03 | Diesel Price: Rs. 86.17

Karale Sons
Petrol Price: Rs. 94.15 | Diesel Price: Rs. 86.29

Khimjibhai Petroleums
Petrol Price: Rs. 93.46 | Diesel Price: Rs. 85.65

Khimjibhai Trades Agencies
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Kotabagi Petro Park
Petrol Price: Rs. 93.76 | Diesel Price: Rs. 85.93

Krishna Agro Services
Petrol Price: Rs. 94.08 | Diesel Price: Rs. 86.22

Kudchi Petroleums
Petrol Price: Rs. 94.49 | Diesel Price: Rs. 86.59

Laxmi Narayan Petroleums
Petrol Price: Rs. 94.15 | Diesel Price: Rs. 86.29

Laxmi Trading Co (n) - Nippani
Petrol Price: Rs. 94.07 | Diesel Price: Rs. 86.22

M.h. Rajput Kisan Seva Kendra
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.96

M.i.k. Petroleums
Petrol Price: Rs. 94.28 | Diesel Price: Rs. 86.41

M.l. Metri Petroleums
Petrol Price: Rs. 94.32 | Diesel Price: Rs. 86.45

Mahant Petroleums
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Mahanta Shivayogi Petroleums
Petrol Price: Rs. 93.88 | Diesel Price: Rs. 86.04

Majagaonkar Petroleums
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Mallaya Kisan Seva Kendra
Petrol Price: Rs. 94.08 | Diesel Price: Rs. 86.22

Mamta Petroleums
Petrol Price: Rs. 94.49 | Diesel Price: Rs. 86.59

Mangal Petroleums
Petrol Price: Rs. 94.07 | Diesel Price: Rs. 86.22

Manikanta Kisan Seva Kendra
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Mannikeri Petroleums
Petrol Price: Rs. 94.25 | Diesel Price: Rs. 86.38

Maruti Petroleum Service
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Mauli Petroleum
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Melwanki Sons
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Mohan Petroleum
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Mohana Petroleums Auto Lpg
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Ms Pattan Petroleum
Petrol Price: Rs. 94.17 | Diesel Price: Rs. 86.30

Mujawar Petroleums
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Murgendra Traders
Petrol Price: Rs. 93.94 | Diesel Price: Rs. 86.10

N.s. Pai Automobiles
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Nidhi Petroleums
Petrol Price: Rs. 94.13 | Diesel Price: Rs. 86.27

Ningaraddi Brothers
Petrol Price: Rs. 93.92 | Diesel Price: Rs. 86.07

Om Madhava Petroleums Ksk
Petrol Price: Rs. 94.40 | Diesel Price: Rs. 86.52

Padmashree Petroleum
Petrol Price: Rs. 94.55 | Diesel Price: Rs. 86.65

Padmavathi Automotives
Petrol Price: Rs. 93.91 | Diesel Price: Rs. 86.07

Pandurang Kisan Seva Kendra
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Paras Petroleum
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Parshwa Petroleums
Petrol Price: Rs. 94.24 | Diesel Price: Rs. 86.37

Parvathi Automobiles
Petrol Price: Rs. 93.78 | Diesel Price: Rs. 85.95

Patil Petro Links
Petrol Price: Rs. 94.20 | Diesel Price: Rs. 86.33

Petroleum Marketers
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Potdar Petroleums
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Praveen B. Pattanshetti
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.96

Preetam Petroleums
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Prem Ganga Petroleums
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Pujari Petroleums
Petrol Price: Rs. 94.08 | Diesel Price: Rs. 86.22

Raj Fuels
Petrol Price: Rs. 94.17 | Diesel Price: Rs. 86.31

Ravi Auto Agencies
Petrol Price: Rs. 93.91 | Diesel Price: Rs. 86.07

Renuka Petroleums
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Renuka Petroleums - Adhoc
Petrol Price: Rs. 93.70 | Diesel Price: Rs. 85.88

Rj Petroleums
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Rock Oil Association
Petrol Price: Rs. 93.70 | Diesel Price: Rs. 85.88

Ronad Petroleum
Petrol Price: Rs. 93.46 | Diesel Price: Rs. 85.65

S S Nemagoudar Petroleum
Petrol Price: Rs. 94.25 | Diesel Price: Rs. 86.38

S.a.gunnagol Fuels
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

S.r. Kalloli
Petrol Price: Rs. 94.55 | Diesel Price: Rs. 86.65

S.r.patil
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

Sachin Petroleums
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Sagar Petroleums
Petrol Price: Rs. 94.24 | Diesel Price: Rs. 86.37

Sagar Petroleums - Adhoc
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Sai Shanti Petro Station
Petrol Price: Rs. 94.24 | Diesel Price: Rs. 86.37

Sangamesh Petrolinks
Petrol Price: Rs. 94.08 | Diesel Price: Rs. 86.22

Sangmeshwar Petrol Pump
Petrol Price: Rs. 94.20 | Diesel Price: Rs. 86.33

Sanyam Petroleums
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Sarojini Gunnagol Fuels
Petrol Price: Rs. 93.95 | Diesel Price: Rs. 86.11

Satish Sugars Limited
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Shadab Petroleum
Petrol Price: Rs. 93.70 | Diesel Price: Rs. 85.88

Shah Petroleum
Petrol Price: Rs. 94.49 | Diesel Price: Rs. 86.59

Shashikant Service Station
Petrol Price: Rs. 93.94 | Diesel Price: Rs. 86.10

Shiva Petroleums
Petrol Price: Rs. 93.76 | Diesel Price: Rs. 85.93

Shiva Prasad Petroleum
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Shivaganga Petroleums
Petrol Price: Rs. 93.86 | Diesel Price: Rs. 86.02

Shivashakti Kisan Seva Kendra
Petrol Price: Rs. 94.24 | Diesel Price: Rs. 86.37

Shivlaxmi Petroleum
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Shree Aroodh Kisan Seva Kendra
Petrol Price: Rs. 93.77 | Diesel Price: Rs. 85.94

Shree Bhagyalaxmi Ksk
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Shree Bhairaveshwar Petrolinks
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Shree Bhavani Petroleums
Petrol Price: Rs. 76.68 | Diesel Price: Rs. 69.23

Shree Dhanalakshmi Petrol Pump
Petrol Price: Rs. 94.06 | Diesel Price: Rs. 86.20

Shree Godavari Petrol Pump
Petrol Price: Rs. 94.32 | Diesel Price: Rs. 86.45

Shree Guruprasad Petroleums
Petrol Price: Rs. 93.82 | Diesel Price: Rs. 85.99

Shree Kadashideswar Petroleum
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Shree Kalmeshwar Petroleums
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Shree Mahalaxmi Petroleums
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Shree Renuka Petroleum
Petrol Price: Rs. 93.81 | Diesel Price: Rs. 85.97

Shree Revansiddeshwar Ksk
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.97

Shree Saundatti Renukadevi
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.96

Shree Sharanabasaveshwar Petroleum
Petrol Price: Rs. 93.90 | Diesel Price: Rs. 86.05

Shree Siddhivinayaka Petroleum
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.96

Shree Somnath Petroleum
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Shree Ujjwal Petroleums
Petrol Price: Rs. 94.06 | Diesel Price: Rs. 86.21

Shri Allamaprabhu Petroleum
Petrol Price: Rs. 94.06 | Diesel Price: Rs. 86.20

Shri Amoghganesh Petroleums
Petrol Price: Rs. 94.27 | Diesel Price: Rs. 86.40

Shri Balabhima Petroleum
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Shri Basavanna Ksk
Petrol Price: Rs. 94.21 | Diesel Price: Rs. 86.34

Shri Dattopant Automobiles
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Shri Dutt Petroleums
Petrol Price: Rs. 93.80 | Diesel Price: Rs. 85.97

Shri Guru Dutt Petroleums
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

Shri Guru Sangameshwar Petroleum
Petrol Price: Rs. 93.87 | Diesel Price: Rs. 86.03

Shri Hiranyakeshi S.s.k.n.
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

Shri Jai Hanuman Petroleums
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Shri Kalika Petroleums
Petrol Price: Rs. 93.88 | Diesel Price: Rs. 86.03

Shri Lakshmidevi Highway S.s
Petrol Price: Rs. 93.95 | Diesel Price: Rs. 86.11

Shri Laxmi Petroleums
Petrol Price: Rs. 77.96 | Diesel Price: Rs. 70.41

Shri Mallikarjun Fuels
Petrol Price: Rs. 94.55 | Diesel Price: Rs. 86.65

Shri Mallikarjun Trading Co.
Petrol Price: Rs. 93.47 | Diesel Price: Rs. 85.66

Shri Mallikarjuna Enterprises
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Shri Mayappa Autolink Services
Petrol Price: Rs. 93.89 | Diesel Price: Rs. 86.05

Shri Mutteshwar Kisan Seva Kendra
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Shri Nandi Petroleums
Petrol Price: Rs. 93.71 | Diesel Price: Rs. 85.89

Shri Parameshwari Petroleum
Petrol Price: Rs. 94.06 | Diesel Price: Rs. 86.20

Shri Rameshwar Petroleums
Petrol Price: Rs. 94.17 | Diesel Price: Rs. 86.31

Shri Sai Anand Petroleums
Petrol Price: Rs. 94.07 | Diesel Price: Rs. 86.22

Shri Shivabhodharang Ksk
Petrol Price: Rs. 94.25 | Diesel Price: Rs. 86.38

Shri Vardhaman Petrol Pump
Petrol Price: Rs. 94.22 | Diesel Price: Rs. 86.35

Shri Varisiddeshwar Petroleum
Petrol Price: Rs. 94.11 | Diesel Price: Rs. 86.25

Shri Vithal Prasada Co (pvt) Ltd.
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Shri Vivekananda Petroleums
Petrol Price: Rs. 93.77 | Diesel Price: Rs. 85.94

Shri. Harikrupa Petroleums
Petrol Price: Rs. 94.23 | Diesel Price: Rs. 86.36

Shrinivas Petroleums
Petrol Price: Rs. 94.25 | Diesel Price: Rs. 86.38

Siddharaj Automobiles
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Siddheshwar Petroleums
Petrol Price: Rs. 93.58 | Diesel Price: Rs. 85.77

Snehajeevi Petroleums
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Spoorthy Petroleums
Petrol Price: Rs. 94.07 | Diesel Price: Rs. 86.22

Sri Annapurneshwari Ksk
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Sri Daneswari Petroleums
Petrol Price: Rs. 94.15 | Diesel Price: Rs. 86.29

Sri Shivayogeshwar Ksk
Petrol Price: Rs. 93.67 | Diesel Price: Rs. 85.85

Sri Venkatesh Petroleums
Petrol Price: Rs. 94.27 | Diesel Price: Rs. 86.40

Standard Services
Petrol Price: Rs. 75.62 | Diesel Price: Rs. 68.39

Sudha Petroleum
Petrol Price: Rs. 93.56 | Diesel Price: Rs. 85.75

Sukrit Petroleums
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Sumangal Petrolieums
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

Swagat Ro M.k. Hubli - Sp
Petrol Price: Rs. 93.57 | Diesel Price: Rs. 85.76

Tapcms Chikkodi
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Tapcms Limited.
Petrol Price: Rs. 94.02 | Diesel Price: Rs. 86.17

Tased Petroleums
Petrol Price: Rs. 93.85 | Diesel Price: Rs. 86.01

Telsang Petroleum
Petrol Price: Rs. 94.36 | Diesel Price: Rs. 86.48

The Krishna S S K N Athani
Petrol Price: Rs. 94.04 | Diesel Price: Rs. 86.18

Utagi Petroleums
Petrol Price: Rs. 94.37 | Diesel Price: Rs. 86.49

Vaibhav Sagar Automobiles
Petrol Price: Rs. 93.54 | Diesel Price: Rs. 85.73

Vasudev Petroleums
Petrol Price: Rs. 94.12 | Diesel Price: Rs. 86.26

Veer Petrolinks
Petrol Price: Rs. 94.20 | Diesel Price: Rs. 86.33

Vijayalaxmi Oil Service Centre
Petrol Price: Rs. 93.66 | Diesel Price: Rs. 85.84

Vyasraj Petrol Pump
Petrol Price: Rs. 93.44 | Diesel Price: Rs. 85.64

Vyasraj Petroleums
Petrol Price: Rs. 89.03 | Diesel Price: Rs. 80.96

Breakup of Petrol Price

The Price of Petrol & Diesel affect almost every Indian directly or indirectly. Such is the importance of these two that any increase or decrease in their price is widely discussed. The prices change every fortnight based on the changes in the price of crude oil and changes in tax rate. While people at large follow pricing of these two commodities, they do not understand the structure of pricing, the components that add up to the final price.

Crude oil is the major raw material for petrol. At present, 75% of India's crude oil needs are met through imports. And thus, international prices of crude oil and foreign exchange rates are the base components in determining the price of petrol at home. Only 25% of India's crude oil requirement is maintained by private sector companies like Reliance Industries, Cairn India Ltd, and public sector counterparts like Oil India, Oil and Natural Gas Corporation (ONGC) among others in this sector.

Barrels of Crude Oil are imported from somewhere in the oil fields of the middle east. The price is calculated in dollars per Barrel. The price in Indian rupees is also dependent on the foreign exchange rates for that fortnight. [ 1 Barrel = 158.987 litre (approx) ].

The Crude Oil is transported to India. Ocean freight and transport charges are now applied to Crude Oil. This Crude oil is now refined to extract Petrol. The Crude Oil is now bought by several Oil Marketing Companies (like IOCL, BPCL, HPCL, Reliance Industries and Essar cater) and then refine Crude Oil to Petrol. Refinery Transfer Price (RTP) is paid by OMCs to Refineries.

This refined Petrol is now sold to Dealers (individuals or businesses that own petrol pumps) by OMCs after adding other expenses & keeping some margin.

The Central Excise Duty is levied by the Central Government (Government of India). This is a fixed amount and not a percentage on the price. The dealer commission is also added to the price after imposition of the Central Excise. The State Governments levy Value Added Tax (VAT) or sales tax on the price arrived at by adding dealer price, central excise duty & dealer commission. The central excise duty, dealer's commission and State Govt's VAT percentage amount are fixed by Govt Fiscal Budget (Revenue & Expenditure)


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