LPG price double in 7 years, tax collection on petrol-diesel jumps 459%: Oil Minister Dharmendra Pradhan

LPG price double in 7 years, tax collection on petrol-diesel jumps 459%: Oil Minister Dharmendra Pradhan

Oil Minister Dharmendra Pradhan said on Monday that taxes on petrol and diesel has swelled collections by over 459%. This comes at a time when there has been a sharp increase in prices of domestic cooking gas, LPG.

Answering questions on rising fuel prices, Oil Minister Dharmendra Pradhan in Lok Sabha said that 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.

Pradhan further stated that the price of domestic subsidised LPG has been raised during the last few months from Rs 594 per cylinder in December 2020 to Rs 819 now.

Giving the example of kerosene, Oil Minister said that kerosene sold through the public distribution system (PDS) has risen from Rs 14.96 per litre in March 2014 to Rs 35.35 this month.

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

The rates, which vary from state to state depending on local sales tax (VAT), are currently at Rs 91.17 a litre for petrol and Rs 81.47 for diesel in Delhi.

Petrol and diesel prices to are at an all-time high across the country.

News Source: DNA India

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