Government's treasure is increasing by Petrol-Diesel tax | Jagran Business- Watch Video

Publish Date: 15 Mar, 2023 |

The Center collected about Rs 8.02 lakh crore in taxes on petrol and diesel over the course of the previous three fiscal years, of which more than Rs 3.71 lakh crore was collected in just FY21. The minister was responding to inquiries regarding the increase in gasoline and diesel excise duty during the previous three years and the specifics of the money collected from various taxes on these fuels. 

The excise duty on petrol rose from Rs 19.48 per litre as on October 5, 2018 to Rs 27.90 a litre as on November 4, 2021. The duty on diesel rose from Rs 15.33 a litre to Rs 21.80 during the same period. 

Until February 2, 2021, when they reached Rs. 32.98 and Rs. 31.83 for petrol and Rs. 21.80 for diesel, respectively, the excise charges on these fuels were on the rise. Nevertheless, as of November 4, 2021, they had further decreased to Rs. 27.90 for petrol and Rs. 21.80 for diesel.


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