The Narendra Modi government seems to have raked in profits during the pandemic as it has collected Rs 2,94,482 crore in excise duty during April-January of the current fiscal, an increase of 68.7 per cent over the same period last year amidst plummeting global crude prices.
During the six years of the BJP-led government, data showed that the central government’s tax collections from petrol and diesel have jumped over 300 per as excise duty on the two fuel was hiked.
Excise duty collection during April-January of 2020-21 was Rs 2,94,482 crore, up from Rs 1,74,528 crore mopped up a year ago.
As the pandemic spread and global crude oil prices dropped, the Modi government hiked the duties to shore up its revenues.
