The Centre has collected Rs 94,181 crore by means of excise obligation levy on petrol and diesel in the course of the first quarter interval of 2021-22.
Excise obligation on petrol was hiked from Rs 19.98 per litre to Rs 32.9 in 2020-21 as a way to benefit from falling worldwide crude costs, which had dipped sharply in the course of the earlier fiscal because of the Coronavirus pandemic which had erupted throughout that 12 months.
This data was supplied to the Lok Sabha by means of a written reply by Minister of State for Petroleum and Pure Gasoline Rameswar Teli to a slew of questions on rising petrol and diesel costs, which have crossed the Rs 100 mark in a number of states throughout the nation.
Equally the excise obligation on diesel was additionally hiked to Rs 31.eight from Rs 15.83 a litre, in accordance with the minister’s reply.
This led to excise collections on petrol and diesel leaping to Rs 3.35 lakh crore in 2020-21 (April 2020 to March 2021), from Rs 1.78 lakh crore a 12 months again, he stated.
Collections would have been greater however for gasoline gross sales falling on account of lockdown and different restrictions imposed to curb the unfold of the coronavirus pandemic, which muted financial exercise and stalled mobility, the minister additional added within the reply.