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Govt earned over Rs 8 lakh cr from taxes on petrol, diesel in last 3 fiscals: FM Sitharaman

by Akshat Mathur 16 Dec 2021

Over the past three years, the center received about $ 8.02 tax on gasoline and diesel, which collected more than 3.71 Karishi was collected in FY 2001, the finance minister reported Tuesday. The Minister responded to questions to walk in the task of Makus in gasoline and diesel over the past three years and turnover details derived from different taxes on this fuel. Makus's task rose in gasoline from Rs 19.48 on October 5, 2018 to 27.95 liters on November 4, 2021. Rupee 15.33 diesel responsibility increased by 21.80 rupees.

Posted in Regia Sabah. During this period, intensive gasoline dropped from 19.48 rupees per liter from October 5, 2018 to 17.98 pounds from July 6, 2019; While relief to diesel dropped from 15.33 rupees to Rs 13.83. Makus's tasks in gasoline and diesel in a ascending pad until February 2, 2021 to 32.98 rupees and rupees arrested before bullet and then to 27.90 liters (gasoline) and 21.80 rupees (diesel) on November 4, 2021.

Indirect taxes, including taxes on petrol and diesel over the past three years, are: € 2.10.282 billion in 2018-2019. Sitharaman said Rs 2.19.750 in 2019-20 and Rs 3.71.908 in 2020-21. Before Diwali on November 4th, the government cut taxes on gasoline and diesel by 5 rupees and 5 rupees per liter, respectively. As a result, several states announced a VAT reduction for both types of fuel.

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