HomeNews News Govt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16 Govt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16

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Govt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16

Govt made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16

Thursday, March 16, 2017, 9:29 AM
The massive jump in excise duty on petrol and high speed diesel helped government mop up nearly 40% of its indirect tax kitty from the two auto fuels in 2015-16, compared to 34% in previous financial year. Study by CAG showed that Union excise duty collection shot up almost 70% from Rs 1.69 lakh crore during 2013-14 to Rs 2.87 lakh crore in 2015-16.
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