Excise Duty On Petrol And Diesel Hiked By 88% And 209% In Six Years

Excise responsibility on petrol and diesel have gone up significantly within the final six years

Central excise responsibility on petrol has nearly doubled and gone up by 88 per cent within the final six years whereas excise responsibility on diesel has gone up by thrice and witnessed a 209 per cent hike throughout the identical interval, as gasoline costs throughout the nation have crossed Rs 100 per litre.

As on July 1, 2021, central excise responsibility on petrol is Rs 32.90 per litre inclusive of cess, whereas on July 1, 2015 it was Rs 17.46 per litre on petrol together with cess, based on official information. This exhibits that excise responsibility has nearly doubled on petrol in six years between July 2015 and July 2021 and witnessed 88 per cent improve.

Excise responsibility on diesel has gone up by a humungous 209 per cent throughout the identical interval, as it's Rs 31.80 per litre together with cess as on July 1, 2021 whereas it was Rs 10.26 per litre together with cess as on July 1, 2015.

Petrol costs within the 4 metro cities of Delhi, Mumbai, Chennai and Kolkata have crossed greater than Rs 100 per litre whereas diesel costs within the 4 metros are within the neighborhood of Rs 90 to Rs 98 per litre.

In a number of cities throughout the nation, particularly in Rajasthan and Madhya Pradesh, petrol costs have crossed the Rs 100 per litre mark.