Press Information Bureau

Government of India

Ministry of Petroleum & Natural Gas

08-December-2011 18:26 IST

The Minister of State Petroleum and Natural Gas Shri R.P.N. Sing informed in the Lok Sabha in a written reply today that the revenue collected for the financial year 2011-12 (upto September, 2011) is about 8806 crore (provisional) from Additional Excise Duty (AED) on Petrol and Disel. The amount collected from AED during the year 2009-10 and 2010-11 is 16591 crore and 16979 crore, respectively. He added that the Ministry of Finance has informed that currently an AED at the rate of 2 per liter is chargeable on Petrol and Diesel. This levy has been imposed on Petrol vide Finance Act, 1998 and on Diesel vide Finance Act, 1999. The Minister also said that the price of Diesel and Petrol (inclusive of AED) at Delhi is 40.91/litre and 65.64/litre respectively.

***

RCJ/RKS

Additional excise duty on petrol and diesel remains a statutory levy, included in retail fuel prices and central revenue reporting. An additional excise duty is chargeable on petrol and diesel under the finance enactments, is included in published retail prices, and generates material excise revenue reported by the Ministry, with the levy specified on a per litre basis and reflected in consumer prices and fiscal receipts.