Excise duty on petrol increased from Rs 19.98 to Rs 32.90. At the same time, the excise duty on diesel increased from Rs 15.83 to Rs 31.80.
3.35 lakh crore excise duty collection.
The rate of petrol has crossed Rs 100 in 17 states of the country. The biggest reason for the rise in price is that the tax charged on it is very high. It was informed in the Lok Sabha today that in the financial year 2020-21, there has been a jump of 88 percent in the tax collected by the Central Government on petrol and diesel and the amount stood at 3.35 lakh crore.
Excise duty on petrol increased from Rs 19.98 to Rs 32.90. At the same time, the excise duty on diesel increased from Rs 15.83 to Rs 31.80. This information has been given by Petroleum State Minister Rameshwar Teli in writing in the Lok Sabha. In fact, after the arrival of Corona in 2020, there was a global lockdown, due to which there was a huge drop in demand and the price of crude oil reached the lowest level in many years. In such a situation, the government maintained the level of petrol and diesel by increasing the tax.
Excise duty collection in the entire financial year 3.35 lakh crore
The excise duty collection in the entire financial year (2020-21) stood at Rs 3.35 lakh crore while the excise duty collection in the financial year 2019-20 was Rs 1.78 lakh crore. It has grown by 88 per cent on a yearly basis. The excise duty collection in 2018-19 stood at Rs 2.13 lakh crore.
1 lakh crore recovered so far in the first quarter of the current financial year
Newly appointed Minister of State for Finance Pankaj Chaudhary said that between the first quarter of the current financial year i.e. April-June, all petroleum products, in addition to petrol-diesel, ATF, natural gas and crude oil, have so far been excised Rs 1.01 lakh crore. Duty has been recovered. The total excise duty collection in the financial year 2020-21 was Rs 3.89 lakh crore.
Petrol crosses 100 in 17 states
In 17 states of the country, the price of petrol has gone up to Rs 100 per liter or above. These states are Rajasthan, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Telangana, Ladakh, Jammu and Kashmir, Odisha, Tamil Nadu, Bihar, Kerala, Punjab, Sikkim, Puducherry, Delhi and West Bengal. Bhopal was the first capital of any state, where the price of petrol had crossed Rs 100.
Petrol became costlier 9 times in July
So far in July, the price of petrol has been increased 9 times. Whereas, diesel has become 5 times more expensive and once cheaper. Prior to this, in the months of June and May also, the price of petrol and diesel was increased 16-16 times. The most expensive petrol and diesel across the country is being found in Ganganagar in Rajasthan and Anuppur in Madhya Pradesh.
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