The Modi Govt’s devious and unrelenting Taxation of Petrol-Diesel over the last 11 years through its “Cycle
of Loot” is clearly exposed by:-
1. Over the last 11 years, Modi Govt. has collected 43 Lakh Crores by taxing Petrol & Diesel. This comes
to 1,000 Crore every single day sincs Annexure A1 of Petroleum Planning and
Analysis Cell.
2. The price of Petrol on 26th May, 2014 (Congress-UPA) was ₹71.41 per litre, while the price of Diesel
was ₹56.71per litre. Today, Petrol is selling at ₹102.96 per litre and Diesel at ₹90.99 per litre
(Bengaluru). According to the crude oil prices in 2014 (USD 108 per barrel) to the price before the war
in West Asia (USD 70 per barrel), the price of Petrol should be ₹61.60 per litre and Diesel should be
₹56.99 per litre, the rest is SHEER BJP LOOT.
3. From 2014 to 2025, the Modi Govt. imposed an average excise duty of ₹19.70 per litre on Petrol and
₹15.50 per litre on Diesel, forcing ordinary Indians to pay 25% of the Petrol price and 22.1% of the Diesel
price as collection for Modi Govt. turning essential fuel into a tool for profiteering.
4. Excise duty was revised by Modi Govt. 21 times with 12 hikes reflecting a pattern of extracting wealth
from the common man while claiming to “ease prices.”
5.The Modi Govt. has been pocketing nearly ₹1,000 crore every single day (₹982 Cr) from Petroleum
Product Taxes, shamelessly exploiting every litre of fuel consumed by the public.
6. Today, Modi Govt. announced a reduction in excise duty on Petrol from ₹13 per litre to ₹10 per litre and
Diesel from ₹10 per litre to 0. This is nothing but a sleight of hand for benefiting Oil Companies. A
fake narrative is sought to be built, while the impact of this reduction in excise duty would be ₹30,000 Cr
per month or ₹3,60,000 Cr per year. While not a rupee will go to the common man, about 20% of this
benefit will go to the two private Oil Companies; Nayara Energy and Reliance.