Central government’s tax collection on petrol, diesel jumps 300% in 6 years

Central government’s tax collections on petrol and diesel have jumped over 300 per cent in the last six years as excise duty on the two fuels was hiked, the Lok Sabha was informed on Monday.

The central government collected ₹29,279 crore from excise duty on petrol and ₹42,881 crore on diesel in 2014-15 — the first year of office of the Modi government.

The collections on petrol and diesel rose to ₹2.94 lakh crore in the first 10 months of the current fiscal (2020-21), according to information furnished by Minister of State Anurag Singh Thakur in a written reply to a question in the Lok Sabha.