Centre Got Rs 94,181 Crore As Excise Duty Levy On Petrol, Diesel In June Quarter

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

The Centre has collected Rs 94,181 crore through excise duty levy on petrol and diesel during the first quarter period of 2021-22. Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 in 2020-21 in order to take advantage of falling international crude prices, which had dipped sharply during the previous fiscal due to the Coronavirus pandemic which had erupted during that year. This information was provided to the Lok Sabha through a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli to a slew of questions on rising petrol and diesel prices, which have crossed the Rs 100 mark in several states across the country. Similarly the excise duty on diesel was also hiked to Rs 31.8 from Rs 15.83 a litre, according to the minister's reply.