Monday, July 19, 2021

Govt's excise collections on petrol, diesel jumps 88 pc to Rs 3.35 lakh cr

Excise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 last year to recoup gain arising from international oil prices plunging to multi-year low as pandemic gulped demand. The same on diesel was raised to Rs 31.8 from Rs 15.83 a litre, according to a written reply to a question given by the Minister of State for Petroleum and Natural Gas Rameswar Teli in the Lok Sabha.

from Energy-Industry-Economic Times https://ift.tt/3kCnPPl

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