New Delhi: The government obtained Rs 3.4 lakh crore in the financial year 2020-21 from the duty of the Central Excise and Cess on Petroleum Products, Petroleum Minister HardeeP Puri told Lok Sabha on Monday, adding that he used most of the money to provide a vaccine And assistance to the poor through PM Garib Kalyan Yojana, where free rations were given to 80 crore recipients during April-November in 2020 and May-June this year.
“Excise / chess collected (by the central government) from gasoline is Rs 1,01,598 Crore and from Diesel is Rs 2,33,296 Crore during the financial year 2020-21 (which ended on March 31 this year),” Puri said in a written reply for question.
Also read the high price of fuel: Madhya Pradesh The highest tax levy on gasoline, Rajasthan fuel prices continued to remain high, oil minister HardeeP Singh Puri said on Monday that Madhya Pradesh collected the highest sales tax in the country, while Rajasthan had the highest tax on diesel.
In a written reply on the question at Lok Sabha, the new oil minister was appointed to the minister said high taxes collected by countries on gasoline and diesel had caused burst into this important fuel price.
Madhya Pradesh collects the highest sales tax or VAT on gasoline in the country, while Rajasthan has the highest tax on diesel, said Puri.
Taxes, both central and state, are up to 55% of the retail price of gasoline and 50% diesel.
While the central government collects a fixed excise task of Rs 32.90 / liter on gasoline and 31.80 / liter on diesel, countries charge VAT VAT rates that produce taxes per liter up when prices fall, and go down when prices fall.
‘The big part of RS 3.4L CR Petroleum Cess is used for VAX free, poor’
