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| PARLIAMENT
QUESTIONS AND ANSWERS ON PETROLEUM SECTOR |
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GOVERNMENT OF
INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO 2505
TO
BE ANSWERED ON 08.12.2006
INCREASE IN
REVENUE AFTER PETROLEUM PRICE HIKE
2505.
SMT. SANGEETA
KUMARI SINGH DEO
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Will the Minister of
FINANCE be pleased to state:-
(a) Whether revenue proceeds of the Union
Government and the State Governments get
augmented as a result of increase in
petroleum prices ;
(b) If so, the quantum of increase in
revenue receipts of the Union and State
Governments as a result thereof during
each of the last two years; and
(c) The quantum of such increase at Centre
level and at State level during the said
period ?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF
FINANCE (SHRI S.S.PALANIMANICKAM)
(a), (b) & (c): Revenue collection
from petroleum products by States is not
maintained by the Ministry of Finance.
With effect from 1.3.2005, excise duty on
petrol and diesel is a combination of ad
valorem and specific rates as under :
Petrol : 8% + Rs.13 per litre
Diesel : 8% + Rs.3.25 per litre
Excise duty collections from petrol and
diesel, separately for the ad-valorem and
specific components of the duty, are not
available. Therefore, it is not possible
to indicate the quantitative impact of
price change on revenue collection.
Customs and excise duties collection from
the petroleum products during the
financial years 2004-05 and 2005-06
(provisional) was Rs.56395 crore and
Rs.63144 crore respectively.
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