Excise Duty Collection On Petrol Diesel In Modi Govt 7 Years Rule Is 16.7 Lakh Crore Rupees


Excise Duty on Petrol-Diesel: There has always been a controversy regarding the figure of excise duty collection on petrol and diesel by the Modi government during the tenure of 7 years. But the government told in Parliament that since the Modi government came to power in 2014, in the seven years between 2014-15 to 2020-21, the Modi government has collected a total of Rs 16.7 lakh crore including excise duty and cess on petrol and diesel. . Minister of State for Finance Pankaj Chaudhary gave this information in reply to a question by Kunwar Danish Ali in Lok Sabha.

Pankaj Choudhary said that in 2013-14 (during the tenure of the UPA government), Rs 9.20 per liter of excise duty was charged on unbranded petrol and Rs 3.46 per liter excise duty was charged on diesel. But at present, excise duty is being charged at Rs 27.90 per liter on unbranded petrol and Rs 21.80 per liter on diesel. Danish Ali’s question whether the government has collected Rs 36 lakh crore as excise duty on petrol and diesel in the last seven years, the Minister of State for Finance said, no sir.

However, in the year 2020-21 of the Corona epidemic, the Central Government’s income from excise duty on petrol and diesel has doubled. The government itself has given this information in Parliament. In 2020-21 (from April 2020 to March 2021), the central government has got revenue of Rs 3.72 lakh crore from excise duty on petrol diesel whereas in 2019-20 only Rs 1.78 lakh crore was received as excise duty.

gift on diwali
But amidst all the criticism over the rising prices and inflation of petrol and diesel, the central government cut the excise duty on petrol by Rs 5 per liter and diesel by Rs 10 per liter just a day before Diwali.

read this also

Budget 2022-23: Brainstorming on the budget will start after the end of the winter session, the Finance Minister will hold a pre-budget meeting

Vodafone Idea Share Update: Vodafone Idea reaches 30-month high, returns 450% in 4 months, know why



(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).

About the Author: TEAM BEPINKU.COM

We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.

You May Also Like