Latest posts by Sahil Mishra (see all)
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I am not aware of how much petroleum products the private players sell in Indian market but as the Governments keep the prices higher the realization for these private players is more. I am aware that taxes levied on these products are also very high by Central as well as respective State Governments. But if there is duty back or tax benefit provision provided to these private players as incentive, then the actions of the Governments are much easier to explain. May be thorough investigation is required
2014-2021
Total contribution to the Exchequer – Rs 20.56 lakh crore
Total Oil Bonds Interest Paid – Rs 67,698 crore
Total Oil Bonds Principal Paid – Rs 3,500 crore
Total payment towards oil Bonds – Rs 71,198 crore
(Interest+Principal)
Amount diverted – Rs 19.85 lakh crore
% of total contribution spent towards oil bonds – 3.46%