The government today said total collection through excise duty on petrol and diesel has been Rs 2,01,935 crore for the first 11 months of FY 2016-17.
The excise levy on petrol earned Rs 64,509 crore and while that on diesel garnered Rs 1,37,426 crore.
Minister of State for Finance Santosh Kumar Gangwar in a written reply to the Lok Sabha said an additional duty of excise of Rs 6 per litre is levied and collected on Motor Spirit (petrol).
He further said an additional duty of excise of Rs 6 per litre is levied on high speed diesel oil.
Source – The Economic Times
Latest posts by The Economic Times (see all)
- Crude futures fall after strong build in U.S. oil products stocks - July 18, 2019
- No power supply to discoms without bank guarantees - July 18, 2019
- Freak weather poses new risk to India’s renewables goals - July 17, 2019