In comparison, the amount was 34% of the total
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Excise revenue from petroleum products contributed to 52% of collections in 2013-14, and went up to almost 69% during 2015-16. This happened because the government increased levies on
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In 2015-16, government collected Rs 1.99 lakh crore revenue from petroleum products, and from at Rs 21,000 crore sin goods (mainly tobacco products).
The CAG report highlighted how exemptions are making the government lose money. More than Rs 2 lakh crore of revenue was foregone because of exemptions, which CAG said need to be rationalised.
(Image source: Telangana Today)