Diesel <>Petrol

Why not levy 25% green tax on diesel cars, Supreme Court asks - The Times of India: "Justifying harsher levy for diesel cars, Salve said in his application, "The market share of diesel cars is more than 50% of sales. This is because of the growing differential between petrol and diesel. The emission norms for diesel cars legally allow higher limits for NOx and particulate matters as compared to petrol cars."

The former solicitor general, while advocating imposition of 25% of cost of all new diesel cars as green tax, suggested levy of an environmental compensation charge on existing personal vehicles -- ranging from 2% (petrol) to 4% (diesel) of the vehicle's cost every year.

For old cars, the levy would be collected annually by the insurance companies along with the premium amount, he suggested, and said the insurance companies must ensure that the vehicle had valid pollution under control certificate at the time of annual renewal of policy.

If Salve's suggestions are to be implemented, then a person purchasing a diesel car costing Rs 6 lakh would pay a green tax of Rs 1.5 lakh. If the cost of an SUV is Rs 16 lakh, then the buyer would have to pay Rs 4 lakh extra."

'via Blog this'