New Delhi: Everyone is troubled by the ever-increasing prices of petrol and diesel. There is an increasing demand from the government to reduce tax and cess on oil. But do you know that the government is earning billions of rupees from petroleum products. After the fire in petrol prices, diesel has also hit a century now. In Jaisalmer, Rajasthan, the price of diesel has crossed the 100 mark.
Central government’s earnings increased by more than 56%
The general public is troubled by the rising oil prices. But this is only one side of the coin, the other side is related to the earning of the government which is getting bumper. Now through RTI, it has come to the notice that during the Corona period, the income of the central government has increased by more than 56% due to customs and excise duty on petroleum products.
46 thousand crores earned as customs duty on import
The government earned about Rs 2.88 lakh crore from indirect tax. In 2020-21, custom duty of Rs 37 thousand 806 crore was collected on the import of petroleum products. On the other hand, Central Excise Duty earned 4.13 lakh crore and 46 thousand crore has been earned as customs duty on import of petroleum products.
Demand to reduce tax and cess intensified
2.42 lakh crore has been recovered as excise duty on manufacturing of petroleum products. This information has come from RTI at a time when there are continuous demonstrations in different parts of the country regarding rising oil prices. The demand for reducing tax and cess on petrol and diesel on the government has intensified.