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PETROL EXCISE COLLECTION
India eyes more FDI, speed up divestment, asset monetisation as economy faces external risks- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikes
- RBI dividend provides fiscal buffer, but inflation risks loom large: Kanika Pasricha, Union Bank
- ‘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...25 May, 2026, 08.41 AM IST
- 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...18 May, 2026, 12.53 PM IST
- West Asia crisis: Govt to assess impact of recent tax concessions on its indirect tax revenuesIran war: The review will factor in revenue implications from duty relief measures announced to cushion industries from supply disruptions,...02 Apr, 2026, 08.23 PM IST
- 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.22 May, 2022, 05.02 PM IST
- Govt earned over Rs 8 lakh cr from taxes on petrol, diesel in last 3 fiscals: FM SitharamanThe excise duties on petrol and diesel were on a rising trajectory till February 2, 2021, to Rs 32.98 and Rs 31.83 respectively, before fal...14 Dec, 2021, 07.16 PM IST
- 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 ...30 Nov, 2021, 03.53 PM IST
- 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...31 Oct, 2021, 11.49 AM IST
- Excise duty rates on petrol, diesel calibrated to generate resources for infrastructure development: FinMinIn a written reply to a question in the Rajya Sabha, the minister said petrol price had gone up by Rs 3.83 a litre in May, Rs 4.58 in June ...20 Jul, 2021, 06.37 PM IST
- 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 ...20 Jul, 2021, 09.50 AM IST
- 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 ...13 Apr, 2021, 04.25 PM IST
- 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...22 Mar, 2021, 05.20 PM IST
- 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...17 Jan, 2021, 02.03 PM IST
- 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 ...29 Jul, 2016, 06.11 PM IST
- 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.11 May, 2016, 05.47 PM IST
- 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.09 Nov, 2015, 06.10 PM IST
- 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...07 Nov, 2015, 01.47 PM IST
- 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...08 May, 2015, 06.49 PM IST
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