Saturday, October 1, 2022

BJP govt made Rs 11 lakh crore from oil tax revenue in last 4.5 years

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PW Bureau

The government earns money from the various taxes that are imposed on fuels. Almost half of the fuel price is made up of taxes

New Delhi: The Opposition trained its guns on the Modi government in Lok Sabha and alleged that it has earned Rs 11 lakh crore in oil tax revenue in the last 4.5 years since it has been in power. Congress Leader Mallikarjun Kharge alleged that the money had not been used for development and sought to know where it had gone.

The government earns money from the various taxes that are imposed on fuels. Almost half of the fuel price is made up of taxes. The Centre levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel.

“Have they given it to farmers to empower them? Have they helped the irrigation projects? They did not do anything. Simply they are collecting, they are helping their big corporate friends… companies. That’s why the NPA is growing day by day.”

“They are getting (revenue) from crude oil, diesel and petrol… they got Rs 11 lakh crore in these four and half years. They have collected that much money. Where is that money?” he asked.

Speaking to reporters, he alleged that the NDA only helped “big corporate friends” with the money.

“Have they given it to farmers to empower them? Have they helped the irrigation projects? They did not do anything. Simply they are collecting, they are helping their big corporate friends… companies. That’s why the NPA is growing day by day,” Kharge said.

The NDA government is taking money from Reserve Bank of India to give to corporates, he alleged.

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