Centre admits to earning Rs 33 on every litre of petrol, Rs 32 on diesel
Centre admits to earning Rs 33 on every litre of petrol, Rs 32 on diesel As for whether petrol and diesel prices in India were higher than those in international markets, Thakur said that the government doesn't maintain a record of factors that determine fuel prices abroad Advertisement BusinessToday.In Mar 15, 2021, Updated Mar 15, 2021, 7:35 PM IST Central government has confessed to earning Rs 32.98 on every litre of petrol and Rs 31.83 per litre of diesel in the form of excise duty. In response to a question, Minister of State for Finance Anurag Thakur told the Lok Sabha that the excise duty rates have been calibrated to generate resources for development projects. Responding to a question on tax levied on petrol and diesel from consumers, Thakur also divulged that consumer price inflation has halved in January 2021 as compared to the year-ago period, the same in petrol and diesel has grown substantially during the same period. Thakur told the Lower House that central excise d...