Home » Modi Govt collected Rs 20 lakh crore in excise: Congress

Modi Govt collected Rs 20 lakh crore in excise: Congress

by Raju Vernekar
0 comment 3 minutes read

IT Correspondent
New Delhi, Jan 25:

The Congress on Sunday slammed the Centre over fuel prices touching an “all-time high” and demanded that the excise duty hike affected by the Modi government during its tenure be immediately rolled back to give relief to the masses.
Addressing media Congress spokesperson Ajay Maken said that petrol prices have reached an all time high of Rs 85.70 per litre and diesel has reached Rs 75.88 a litre. The party’s attack on the government came a day after petrol and diesel prices in the country touched new all-time highs after rates were increased for the fourth time in the week.
“What is more shocking is that during the Congress’ regime when we left power in May 2014, the international crude oil was USD 108 per barrel, but petrol and diesel prices were at Rs 71.51 and Rs 57.28 per litre respectively, which have increased to Rs 85.70 and Rs 75.88 in Delhi today despite the crude oil prices coming down to half of that time,” he said.
The Modi government has earned Rs. 20,00,000 crore in the last six-and-a-half years by increasing the excise duty on petrol and diesel alone, Maken said adding that “The most important question now is where has this more than Rs 20 lakh crore gone ? Has it gone in the pockets of Narendra Modi’s crony capitalist friends? This is what the Congress wants to know from the government”.
The increase in prices took the petrol price in Delhi on Saturday to Rs 85.70 per litre and in Mumbai to Rs 92.28. Diesel rate climbed to Rs 75.88 a litre in the national capital and to Rs 82.66 per litre in Mumbai.
In May 2014 when the BJP assumed power, the excise duty on petrol was Rs 9.20 per litre and on diesel was Rs 3.46 per litre. In the last over six years, the BJP government has increased the excise duty on petrol by an additional Rs 23.78 per litre and on diesel by an additional Rs 28.37 per litre. “If we decrease the excise duty hike affected by the Modi government on petrol and diesel i.e. Rs 23.78 and Rs 28.37, prices will come down to Rs 61.92 (petrol) and Rs 47.51 (diesel),” Maken said.
“As such the Central government must immediately withdraw the central excise duty hike that it has charged in the last over six years and the petrol prices should come down to Rs 61.92 and diesel to Rs 47.51,” he said. An LPG cylinder in the open market costs about Rs 700 whereas without subsidy during the UPA’s governance it was Rs 414. Under the UPA government 12 cylinders were given on subsidy which has now been withdrawn, he added.
In his remarks, Maken asked, “Our jawans’ dearness allowance is being cut, our MSMEs are under pressure from banks to repay loans, under pressure from taxation authorities, there is huge unemployment across the country, farmers are committing suicide, so where the amount collected towards the excise has gone?”

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