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HomeNewsBusinessCentre Bought Rs 94,181 Crore As Excise Obligation Levy On Petrol, Diesel...

Centre Bought Rs 94,181 Crore As Excise Obligation Levy On Petrol, Diesel In June Quarter


Centre has obtained file collections by excise obligation levy on petrol and diesel

The Centre has collected Rs 94,181 crore by excise obligation levy on petrol and diesel through the first quarter interval of 2021-22.

Excise obligation on petrol was hiked from Rs 19.98 per litre to Rs 32.9 in 2020-21 with a view to make the most of falling worldwide crude costs, which had dipped sharply through the earlier fiscal as a result of Coronavirus pandemic which had erupted throughout that yr.

This info was supplied to the Lok Sabha by a written reply by Minister of State for Petroleum and Pure Gasoline Rameswar Teli to a slew of questions on rising petrol and diesel costs, which have crossed the Rs 100 mark in a number of states throughout the nation.

Equally the excise obligation on diesel was additionally hiked to Rs 31.8 from Rs 15.83 a litre, in line with the minister’s reply.

This led to excise collections on petrol and diesel leaping to Rs 3.35 lakh crore in 2020-21 (April 2020 to March 2021), from Rs 1.78 lakh crore a yr again, he mentioned.

Collections would have been greater however for gas gross sales falling on account of lockdown and different restrictions imposed to curb the unfold of the coronavirus pandemic, which muted financial exercise and stalled mobility, the minister additional added within the reply.

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