Thiruvananthapuram: In the last financial year, the centre amassed twice as much in taxes raised on petrol, diesel and cooking gas compared to the share received by states. The total of fuel tax for 2020 - 21 amounted to Rs 6.71 lakh crores, of which, the centre sliced away Rs 4.54 lakh cr, meaning the states together received just Rs 2.17 crores. In the year 2019-20, the centre took Rs 3.34 lakh crores in fuel taxes and states had received Rs 2.21 lakh crores. The information was divulged by Deputy Minister for Petroleum and Natural Gas, Rameshan Thelli, in his response to a query raised in Lok Sabha.
Public sector oil companies registered a profit eight times over compared to the last financial year. Their net profits figure at : IOC(21,836), BPCL(19,042) and HPCL(10,664). Gross profits raked up by oil companies amounted to a whopping Rs 51,542 crores last year as against Rs. 6633 in 2019-20 and Rs 30,055 crores in the pre-pandemic year of 2018-19.
