the excise duty on petrol rose from rs 1948 per litre as on october 5 2018 to rs 2790 a litre as on november 4 2021the centre earned nearly rs 802 lakh crore from taxes on petrol and diesel during the last three fiscal years of which more than rs 371 lakh crore was collected in fy21 alone finance minister nirmala sitharaman informed parliament on tuesday the minister was responding to queries on the hike in excise duty on petrol and diesel during last three years and the details of the revenue earned through various taxes on these fuels the excise duty on petrol rose from rs 1948 per litre as on october 5 2018 to rs 2790 a litre as on november 4 2021 the duty on diesel rose from rs 1533 a litre to rs 2180 during the same period sitharaman said in a written reply in the rajya sabha within this period the excise on petrol fell from rs 1948 per litre as of october 5 2018 to rs 1798 as of july 6 2019 while excise on diesel reduced from rs 1533 to rs 1383 during the same reference period advt the excise duties on petrol and diesel were on a rising trajectory till february 2 2021 to rs 3298 and rs 3183 respectively before falling a tad and then declining further to rs 2790 a litre petrol and rs 2180 diesel as on november 4 2021 the central excise duties including cesses collected from petrol and diesel during the last three years are rs 210282 crore in 201819 rs 219750 crore in 201920 and rs 371908 crore in 202021 sitharaman said just before diwali this year on november 4 the government slashed the excise duties on petrol and diesel by rs 5 and rs 10 a litre respectively this was followed by several states announcing a cut in the value added tax vat on the two fuelsalso readsupply side measures to help contain inflationrbi has projected that headline inflation will peak in q4202122 consumer price indexed cpi inflation is projected at 53 per cent for 202122 51 per cent in q3202122 and 57 per cent in q4 202122 with risks broadly balanced cpi inflation is then expected to ease to 50 per cent in q1202223 and stay at 50 per cent in q2202223see more detailsrbi keeps repo rate unchanged at 4 and fy22 gdp growth rate projection at 95the announcement in this regard follows the threeday review meeting of the sixmember monetary policy committee or the ratesetting panel of rbi headed by governor shaktikanta das which began on mondaysee more details pti published on dec 14 2021 at 0748 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a