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No disinvestment, no worry! Rs 1.4 lakh crore earned from taxes on petrol, diesel


No disinvestment, no worry! Rs 1.4 lakh crore earned from taxes on petrol, diesel
A Crisil research report says higher excise duty, which rose by Rs 13 to Rs 32.98 per litre in 2020, and with value added tax, the government is expected to earn incremental revenue of Rs 1.4 lakh crore during the current fiscal
PB Jayakumar | January 21, 2021 | Updated 19:21 IST
Value added tax on petrol comes around Rs 19.32 per litre
Coronavirus pandemic and slump in crude oil prices spoiled government s plan to raise Rs 2.1 lakh crore in FY21 through disinvestment. The government had planned to sell stake in public sector units such as Air India and BPCL to meet the target. However, government has compensated this shortfall with an incremental revenue of Rs 1.4 lakh crore from higher taxes on petrol and diesel. ....

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