Lok Sabha Question No. 1784 (UNSTARRED), answered on 2024-12-05
Subject: Revenue earned from Taxes on Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Smt. Lovely Anand, Shri Dinesh Chandra Yadav

## LOK SABHA UNSTARRED QUESTION NO. 1784 TO BE ANSWERED ON 05 DECEMBER, 2024

## Revenue earned from Taxes on Petroleum Products

†1784  Smt. Lovely Anand: Shri Dinesh Chandra Yadav:

## पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũी

Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a) the total amount of revenue earned by the Government from the additional taxes levied upon petroleum products during the last five financial years and the current year, respectively;
- (b) whether there is any provision to provide any share to the States including Bihar out of the said additional earned revenue;
- (c) if so, the details thereof along with the percentage of share out of the said additional revenue proposed for the States including Bihar; and
- (d) if not, the reasons therefor along with the details thereof?

## ANSWER

## पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũालय मŐ राǛ मंũी ( ŵी सुरे श गोपी )

## MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI SURESH GOPI)

- (a) to (d): The details  of  contribution  of  petroleum  sector  to  exchequer  since  2019-20  are given below:

## (Rs. in Crore)

| Particulars                                                | 2019-20   | 2020-21   | 2021-22   | 2022-23   | 2023-24   | 2024-25 (Apr-Sep 2024) (P)   |
|------------------------------------------------------------|-----------|-----------|-----------|-----------|-----------|------------------------------|
| Exchequer A. Tax/ Duties on Crude oil & Petroleum products |           |           |           |           |           |                              |
| Cess on Crude Oil                                          | 14,789    | 10,676    | 19,214    | 21,445    | 19,580    | 7,769                        |
| Royalty on Crude Oil / Natural Gas                         | 5,602     | 3,590     | 5,639     | 9,822     | 9,286     | 4,675                        |
| Customs Duty                                               | 22,927    | 13,514    | 11,423    | 14,985    | 13,134    | 6,696                        |
| NCCD on Crude Oil                                          | 1,130     | 1,016     | 1,121     | 1,192     | 1,191     | 578                          |
| Excise Duty                                                | 2,23,057  | 3,72,970  | 3,63,305  | 2,87,575  | 2,73,684  | 1,22,507                     |
| Service tax                                                | 17        | 1         | -         | -         | -         | -                            |
| IGST                                                       | 13,099    | 11,594    | 19,726    | 22,236    | 20,930    | 10,364                       |
| CGST                                                       | 6,831     | 6,158     | 10,843    | 13,012    | 12,230    | 5,523                        |

|                                                           | Others                                                    | 88       | 365      | 338      | 59       | 51       | 23       |
|-----------------------------------------------------------|-----------------------------------------------------------|----------|----------|----------|----------|----------|----------|
|                                                           | Sub Total (A)                                             | 2,87,540 | 4,19,884 | 4,31,609 | 3,70,326 | 3,50,086 | 1,58,135 |
|                                                           | B. Dividend to Government/ Income tax etc.                |          |          |          |          |          |          |
|                                                           | Corporate/ Income Tax                                     | 23,134   | 21,909   | 29,219   | 33,292   | 57,493   | 19,053   |
|                                                           | Dividend income to Central Govt.                          | 12,270   | 10,393   | 22,612   | 15,673   | 19,310   | 4,294    |
|                                                           | Dividend distribution tax                                 | 5,462    | -        | -        | -        | -        | -        |
|                                                           | Profit Petroleum on exploration of Oil/ Gas               | 5,909    | 2,883    | 8,862    | 8,776    | 5,505    | 1,837    |
| Sub                                                       | Total (B)                                                 | 46,775   | 35,185   | 60,694   | 57,741   | 82,308   | 25,184   |
| 1. Total Contribution to Central Exchequer (A+B)          | 1. Total Contribution to Central Exchequer (A+B)          | 3,34,315 | 4,55,069 | 4,92,303 | 4,28,067 | 4,32,394 | 1,83,319 |
| 2. Total Contribution to State Exchequer                  | 2. Total Contribution to State Exchequer                  | 2,21,055 | 2,17,650 | 2,82,122 | 3,20,651 | 3,18,762 | 1,55,866 |
| Total Contribution of Petroleum Sector to Exchequer (1+2) | Total Contribution of Petroleum Sector to Exchequer (1+2) | 5,55,370 | 6,72,719 | 7,74,425 | 7,48,718 | 7,51,156 | 3,39,185 |

The above is based on data provided to Petroleum Planning and Analysis Cell (PPAC) by 15 major oil & gas companies. The amount reported by the companies to PPAC is the consolidated amount of all taxes/cess/ duties /GST etc. for crude oil and petroleum products.

(P) - Provisional

Devolution of taxes to the States including Bihar from the divisible pool is based on accepted recommendations of Finance Commission. In addition, following taxes have also been collected by Bihar during the last 5 years:-

(Rs. in crore)

| Particulars                             | 2019-20   | 2020-21   | 2021-22   | 2022-23   | 2023-24 (P)   | 2024-25 (Apr-Sep) (P)   |
|-----------------------------------------|-----------|-----------|-----------|-----------|---------------|-------------------------|
| Sale Tax/VAT on POL products            | 6,238.1   | 5,854.1   | 6,866.9   | 9,848.4   | 9,359.9       | 4,183.5                 |
| Collection of SGST/IGST on POL products | 144.5     | 121.8     | 146.9     | 210.5     | 202.9         | 75.0                    |

(P) - Provisional

Source: PPAC

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