The government collected tax to the tune of Rs3.35 lakh cr from petrol and diesel in the year ending March 31. The performance comes after when excise duty was hiked on petrol at Rs 32.9 per litre and diesel at Rs31.8 per litre.
Earlier, excise was at Rs19.98 per litre on petrol and Rs15.83 per litre on diesel.
The Minister of State for Petroleum and Natural Gas Rameswar Teli gave the information in Lok Sabha.
According to the minister, the excise collection on petrol and diesel jumped to Rs3.35 lakh in fiscal 2020-21 compared to Rs1.78 lakh cr in the previous year.
This would be a whopping 88% yoy rise in excise collection from petrol and diesel in FY21.
In fiscal 2018-19, the excise collection on petrol and diesel stood at Rs2.13 lakh cr.
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