Business Insight | How much do petrol and diesel contribute to tax revenues?

Petrol price was hiked by 40 paise per litre and diesel by 45 paise, in the fourth consecutive hike in rates after oil PSUs ended an 82-day hiatus in rate revision on June 10. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel price was increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies. In this edition of Business Insight, Moneycontrol's Gaurav Choudhury explains how a disproportionately high amount of tax revenues are coming from just one set of products, both for the Centre and the states.

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