Excise duty on Petrol and Diesel hiked by 88% and 209% in 6 years

By: Shree1news, 25 JUL 2021

Central excise duty on petrol has almost doubled and gone up by 88 per cent within the last six years whereas excise duty on diesel has gone up by 3 times and witnessed a 209 per cent hike throughout the same period, as fuel prices throughout the country have crossed ₹ 100 per litre.

As on July 1, 2021, central excise duty on petrol is ₹ 32.90 per litre inclusive of cess, whereas on July 1, 2015 it was ₹ 17.46 per litre on petrol including cess, according to official data. This shows that excise duty has nearly doubled on petrol in six years between July 2015 and July 2021 and witnessed 88 per cent increase.

Excise duty on diesel has gone up by a humungous 209 per cent during the same period, as it is ₹ 31.80 per litre including cess as on July 1, 2021 whereas it was ₹ 10.26 per litre including cess as on July 1, 2015.

Petrol prices in the 4 metro cities of Delhi, Mumbai, Chennai and Kolkata have crossed more than ₹ 100 per litre whereas diesel prices in the 4 metros are in the vicinity of ₹ 90 to ₹ 98 per litre.

Source:A-N

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