The statutory burden of a tax does not describe that, among the

producer and consumer, who will really bear the tax:

This one is the most important rule of tax incidence which says that, the
laws of tax do not deal with the specific party who actually bears the
burden of the tax. The statutory incidence (the burden of a tax borne by
the party that sends the check to the government) of a tax is determined
by that party who ultimately pays the tax to the government. For
example, the statutory incidence of a tax paid by producers of octane is
only on those octane producers. When a tax is imposed on producers in a
competitive market, producers raise prices to some extent to offset this
tax burden, and the producers’ income doesn’t fall by the full amount of
the tax. When a tax is imposed on consumers in a competitive market,
the consumers are not willing to pay as much for the taxed good, so
prices will fall, offsetting to some extent the statutory tax burden on
consumers.

Let’s assume,
Bangladesh government
imposed a 50 Paisa per
gallon tax on octane, to be
paid by the producers. In
panel (a) of Figure 1, the
Fig: 1
vertical axis shows the price
(BDT) per gallon of octane, and the horizontal axis shows billions of
gallons of octane. As we know that, in a competitive market, the supply
curve is determined by the firm’s marginal cost: the producer will sell
any units for which the market price is at or above its marginal cost of
producing that unit. In Figure 1, the market is initially in equilibrium at
point A: at the market price of BDT 1.50 (P1), producers will supply 100
billion gallons (Q1) of octane. Producers are willing to supply 100
billion gallons at BDT 1.50 per gallon because BDT 1.50 is the
producers’ marginal cost of producing that quantity of octane. Panel (b)
of Figure 1 shows the effects of imposing a tax of 50 Paisa per gallon of
octane. For these producers, this is equivalent to a 50 Paisa per gallon
increase in marginal cost. Because we find that firms must pay both their
original marginal cost and the 50 Paisa tax, they now require a price that
is 50 Paisa higher to produce each quantity. For supplying the initial
equilibrium quantity of 100 billion gallons after the tax is imposed, for
example, firms would now require a price of P 2 = BDT 2.00 (50 Paisa
higher than the initial BDT 1.50 equilibrium price, at point B). At the
initial equilibrium price of BDT 1.50, there is now excess demand for
octane. Consumers literally want the old amount of octane (100 billion
gallons) at BDT 1.50, but with the new tax, producers are willing to
supply only 80 billion gallons (point C). At BDT 1.50, there is a
shortage of Q1- Q2=20 billion gallons. Prices will continue to rise until
the market arrives at a new equilibrium (point D) with a market price of
BDT 1.80 (P3) and a quantity of 90 billion gallons (Q3). The market
price is now 30 Paisa higher than it was before the tax was imposed.
Hence, consumer tax burden and producer tax burden be:

Consumer tax burden = P3–P1+0 = 1.80 –1.50 = 0.30 (BDT)

Producer tax burden = P1–P3+0.50 = 1.50 – 1.80 + 0.50 = 0.20 (BDT)

Although, the producer has to pay tax to the government, higher portion
of that tax comes from the consumer.