The country’s petroleum sector contributed Rs 3.41 trillion to the exchequer in the first half of the current financial year, down 4.6% on year, according to the latest data released by the Petroleum Planning and Analysis Cell. Of this, the sector contributed Rs 1.85 trillion to the centre and Rs 1.56 lakh crore to the states.
The amounts paid includes excise duty, customs duty, royalty rates on crude oil, corporate/income tax, service tax, cess on crude oil, and such other cess and surcharges on petroleum products.
