Excise mop-up from fuels doubled in FY21

Government collected ₹3.72 lakh crore

November 30, 2021 09:57 pm | Updated 09:57 pm IST - New Delhi

BENGALURU KARNATAKA 16/10/2021 : Diesel prices in Bengaluru touched triple digits for the first time as both petrol and diesel prices were hiked by 35 paise a litre across India, for the second consecutive day, as on Saturday, petrol costs Rs 109.16 per litre, diesel priced at Rs 100 per litre, in Bengaluru on October on 16, 2021. In comparison, petrol prices cost Rs 83.69 per litre while diesel prices cost Rs 74.63 per litre a year ago, in Bengaluru on October 16, 2020. Photo MURALI KUMAR K / The Hindu

BENGALURU KARNATAKA 16/10/2021 : Diesel prices in Bengaluru touched triple digits for the first time as both petrol and diesel prices were hiked by 35 paise a litre across India, for the second consecutive day, as on Saturday, petrol costs Rs 109.16 per litre, diesel priced at Rs 100 per litre, in Bengaluru on October on 16, 2021. In comparison, petrol prices cost Rs 83.69 per litre while diesel prices cost Rs 74.63 per litre a year ago, in Bengaluru on October 16, 2020. Photo MURALI KUMAR K / The Hindu

The central government’s mop-up from excise duty levied on petrol and diesel more than doubled to ₹3.72 lakh crore in the pandemic year 2020-21, out of which States were given less than ₹20,000 crore, according to a reply by the government in the Rajya Sabha on Tuesday.

Minister of State for Finance Pankaj Chaudhary in a written reply to a question stated that collection from levy of central excise duty on petrol and diesel increased from ₹1.78 lakh crore in 2019-20 to ₹3.72 lakh crore in 2020-21.

The increase in the collection was mainly on account of rise in the incidence of taxation on fuels.

Excise duty on petrol was ₹19.98 per litre in 2019 and ₹15.83 on diesel. The government raised excise duty twice last year to ₹32.98 per litre on petrol and to ₹31.83 on diesel. The duty was moderated to ₹32.90 on petrol and ₹31.80 on diesel in the Budget this year. It was cut by ₹5 a litre on petrol and ₹10 on diesel recently.

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