Tax collection on fuel up 459%

Tax collection on fuel up 459%

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years, while the increase in taxes on petrol and diesel has swelled collections by over 459 per cent, Oil Minister Dharmendra Pradhan said on Monday.

New Delhi, March 8

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years, while the increase in taxes on petrol and diesel has swelled collections by over 459 per cent, Oil Minister Dharmendra Pradhan said on Monday.

In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Pradhan said the retail selling price of domestic gas was Rs 410.5 per 14.2-kg cylinder on March 1, 2014. This month, the same cylinder costs Rs 819.

Small price hikes over the past couple of years have eliminated subsidy on cooking gas as well as PDS kerosene.

Pradhan said the price of domestic subsidised LPG has been raised during the last few months. It cost Rs 594 per cylinder in December 2020 and now is priced at Rs 819.

Similarly, kerosene sold to the poor through the public distribution system has risen from Rs 14.96 per litre in March 2014 to Rs 35.35 this month, he said. — PTI

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