Due to Corona infection and lockdown, the prices of crude (crude oil) have come to the foothills in the international market, even after the price fall, the general public is not getting the benefit of the fall. The reason for this is that the state governments along with the Center are taking advantage of this situation to fill their treasure. Late on Tuesday, the central government announced a huge increase in special excise duty applicable to petrol by 10 and diesel at Rs 13 per litre. The only reward for the general public is that it will not affect the retail prices of these products. However, just a few hours before this decision of the Center, the Government of Delhi and Punjab had decided to increase VAT rates on petrol and diesel, the burden of which would fall on the people of Delhi and Punjab.

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The fee increase made by the Center will be considered applicable from May 6, 2020. According to the notification issued by the Central Board of Indirect Taxes and Customs, additional excise duty on petrol and diesel is being increased by 8 rupees per liter. Apart from this, special additional excise duty is being increased by Rs. 2 on petrol and Rs. 5 on diesel.

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Regarding this matter, the government hopes that this increase in the entire year will increase the revenue collection by Rs 1,75,000 crore, which will be used in infrastructure development and other development works. The government's plan of revenue collection will be fulfilled only when the sale of petrol and diesel in the country will also be normal. With the lockdown released from March 25, 2020, the sales of these two products have come down by 70 percent. There has never been such a huge increase in outright petrochemical products.

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