The Centre has collected Rs 94,181 crore via excise obligation levy on petrol and diesel through 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 in an effort to make the most of falling worldwide crude costs, which had dipped sharply through the earlier fiscal as a result of Coronavirus pandemic which had erupted throughout that 12 months.
This info was supplied to the Lok Sabha via a written reply by Minister of State for Petroleum and Natural Gas 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.
Similarly the excise obligation on diesel was additionally hiked to Rs 31.8 from Rs 15.83 a litre, based on 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 mentioned.
Collections would have been larger however for gas gross sales falling as a result 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.