Excise Duty On Petrol Was Rs 9.48/Litre, Diesel Rs 3.56 In 2014: Minister
NDTV
Excise duty on petrol and diesel was cut by Rs 13 a litre and Rs 16, respectively, between November 2021 and May 2022, according to a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli.
Excise duty on petrol was Rs 9.48 per litre and Rs 3.56 on diesel when BJP came to power in 2014 before it rose to a record Rs 32.98 and Rs 31.83, respectively, in May 2020, Parliament was informed on Monday.
Excise duty on petrol and diesel was cut by Rs 13 a litre and Rs 16, respectively, between November 2021 and May 2022, according to a written reply by Minister of State for Petroleum and Natural Gas Rameswar Teli.
The Union government earned Rs 1.72 lakh crore from the petroleum sector in duties and taxes in the 2014-15 fiscal, which rose to over Rs 4.92 lakh crore in 2021-22, he said.
The contribution of the sector to the states rose from Rs 1.6 lakh crore to Rs 2.82 lakh crore.
