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Govt collects ₹1.22L crore from excise duty on fuel in H1 FY25

The New Indian Express

|

November 24, 2024

The Central government has collected ₹1.22 lakh crore from excise duties on petroleum products in the first six months of the current financial year, according to the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum.

Govt collects ₹1.22L crore from excise duty on fuel in H1 FY25

This is 48% of the full year collection of ₹2.74 lakh crore in the previous year.

The collection of excise duties on petroleum products have been on a continuous decline since 2020-21, when the central government had collected Rs 3.73 lakh crore from the levy.

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