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1 min read. Updated: 22 Mar 2020, 12:31 PM IST Agencies In 2014, the excise duty on per litre of petrol and diesel were Rs 9.48 and Rs 3.56 respectively. This has risen to Rs 32 per litre for petrol and Rs 31.83 for diesel (a hike of around 137 per cent). The government on March 14 hiked excise duty on petrol and diesel by Rs 3 per litre each and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. 3 Mar 2021 Press Trust of India March 03, 2021 20:39:12 IST "We estimate excise duty on auto fuels in FY22 (April 2021 to March 2022), if it is not cut,  22 Mar 2021 The central government collected Rs 29279 crore from excise duty on petrol PM | Last Updated: 22nd March 2021 05:37 PM | A+A A-. Petrol. 17 Jan 2021 With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per to March 2021), the government had budgeted ₹ 16.35 lakh crore tax revenue.

Excise duty on petrol in india 2021

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Excise duty on petrol in india 2021

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Excise duty on diesel totals Rs 31.80 and makes up for 39 per cent of the retail selling price of Rs 80.87. Together with state VAT, taxes make up for 55-60 per cent of the price that consumers pay.

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It may be noted that the central government had increased excise duty on petrol by Rs 13 per litre last year. The total excise duty collected on petrol at the moment is almost Rs 33 per litre or 36 per cent of the Rs 90.56 per litre retail price in Delhi. Meanwhile, excise duty on diesel was raised by Rs 16 per litre, taking it to Rs 31.80 per Record excise duty on petrol and diesel helped indirect tax collections rise by more than 59 per cent in the fiscal year ended March 31 (2020-21) when compared to the previous year.

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