Tax collection on petrol and diesel increased 459 percent, LPG price doubled in 7 years
Oil minister Dharmendra Pradhan said, government gets Rs 32.90 per litre on petrol, and 31.80 per litre on diesel as tax. In 2018 excise duty on petrol per litre was Rs 17.98 and Rs 13.83 for diesel per litre.
Excise duty collection from petrol,diesel, ATF, natural gas and crude oil has increased from Rs 2.37 lakh crore in 2016-17 to Rs 3.01 lakh during April-January 2020-21.
The BJP lead government had raised excise duty on petrol and diesel on nine occasions between November 2014 and January 2016 to take advantage of lower global oil prices. In those 15 months, the excise duty on petrol was hiked by Rs 11.77 per litre and that on diesel by Rs 13.47 per litre. In contrast, there was no cut in excise duty on both the fuels. This was followed by another hike in petrol(Rs 10) and diesel(Rs 13) in May 2020.
Today petrol costs Rs 97.57 and diesel costs 88.60 in Mumbai.
Cost of cylinder was Rs 594 in December, now it costs Rs 819.
Tax collection on the two fuels was Rs 52,537 crore in 2013, and rose to Rs 2.13 lakh crore in 2019-20.