With effect from 25th June, 2011, the Central Government has reduced basic customs duties on crude from 5% to Nil, on petrol and diesel from 7.5% to 2.5% and on other petroleum products from 10% to 5%.  Similarly, the basic excise duty on diesel has been reduced to Nil from Rs. 2 per litre.

The custom and excise duties realized from petroleum crude and products during the last three years are as under:

Revenue realized from Petroleum crude and products

(Rs. In crore)

2008-09 2009-10 2010-11
Customs duty 11174 7755 26281
Central excise duty 59383 64012 76546

More Under Excise Duty

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