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DIESEL EXCISE COLLECTION
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risksIndia's government is set to accelerate reforms, focusing on attracting foreign investment and divesting assets. This strategy aims to main...- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikesPetrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient ...
- RBI dividend provides fiscal buffer, but inflation risks loom large: Kanika Pasricha, Union BankThe Reserve Bank of India's dividend payout provides a small fiscal buffer. However, government finances face pressure from fuel excise cut...
- ‘Why are petrol, diesel prices rising despite OMCs’ super profits?’ Congress MP Manish Tewari slams fourth hike"Why @HardeepSPuri Why ? State Run Oil Marketing Companies ( OMC's) made whopping profits in FY 2025 -26 . The Three OMC's made a cumulativ...
- SBI Report: No direct impact of oil price hike on India's fiscal situationFuel prices have risen by Rs 3 per litre. This move aims to reduce losses for oil companies. SBI's research report Ecowrap suggests that th...
- Fuel duty cut to cost exchequer Rs 7,000 crore in two weeks: CBIC chiefThe Centre has reduced excise duty on petrol and diesel. This move is expected to cost the government around Rs 7,000 crore in revenue over...
- FM Nirmala Sitharaman rebuts Opposition flak on excise duty cuts, says move does not impact state sharing of taxesTaking to Twitter, Sitharaman said she is sharing some useful facts on levies on petrol and diesel for the benefit of all.
- Govt's excise mop-up from petrol, diesel doubles to Rs 3.7 lakh cr in FY21; states get Rs 20,000 crMinister of State for Finance Pankaj Chaudhary in a written reply to a question stated that collection from levy of central excise duty on ...
- Petrol price cut by Rs 6.07, diesel by Rs 11.75 per litre in DelhiPetrol will cost Rs 103.97 per litre in Delhi against Rs 110.04 per litre, according to a price notification of state-owned fuel retailers.
- Excise collection 79% more than pre-Covid levels: Delhi GovtThe incremental collection of Rs 42,931 crore in the first six months of the fiscal year 2021-22 (April 2021 to March 2022) is four times t...
- Govt's excise collections on petrol, diesel jump 88% to Rs 3.35 lakh croreExcise duty on petrol was hiked from Rs 19.98 per litre to Rs 32.9 last year to recoup gain arising from international oil prices plunging ...
- Decision on excise duty cut on petrol, diesel when time comes: CBIC chairmanPetrol prices crossed Rs 100-mark in some places in Rajasthan, Maharashtra and Madhya Pradesh in February as international oil soared. But ...
- Central govt's tax collection on petrol, diesel jumps 300% in six yearsCentral 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 fue...
- Excise duty collection jump 48 per cent this fiscal on record hike in taxes on petrol, dieselThis despite the fact that over 10 million tonnes less diesel - the most used fuel in the country - was sold during the eight months period...
- Petrol, diesel excise hikes fetched Rs 70k crore in FY16: GovernmentSantosh Kumar Gangwar said the collections from additional duty of excise on petrol stood at Rs 17,217 crore and that of high speed diesel ...
- Indirect tax collections jump 42 percent in AprilIndirect tax collections jumped 42 per cent in April on sharp rise in excise collections owing to increased duty on petrol and diesel.
- Duty hike effect: Taxes have now exceeded actual cost of production of petrolWith excise duty being hiked five times in a year, taxes and duties have now exceeded the actual cost of production of petrol.
- No hike in petrol, diesel prices despite higher excise dutyThe increase in excise duty on the fuels is likely to yield an additional revenue of about Rs 3,200 crore to the government during the rest...
- Petrol, diesel contribute Rs 30k-cr additional excise in April-AugustFour hikes in excise duty on petrol and diesel between November 2014 and January 2015 have generated an additional revenue of Rs 30,000 cro...
- Excise collection on petrol, diesel up 50% at Rs 74,465 croreExcise duty collection on petrol and diesel jumped over 50 per cent in 2014-15 to Rs 74,465 crore as the government on multiple occasions r...
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