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Contribution to Central and State Exchequer

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Contribution of Petroleum Sector to Exchequer

(Rs. Crore)
  Particulars 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 H1-2022-23 (P)
1. Contribution to Central Exchequer
  A. Tax/ Duties on Crude oil & Petroleum products
  Cess on Crude Oil 15,869 15,409 13,082 14,514 17,741 14,789 10,676 19,214 10,213
  Royalty on Crude Oil / Natural Gas 3,858 4,885 4,649 4,747 6,062 5,602 3,590 5,639 4,886
  Customs Duty 4,125 6,763 8,799 11,171 16,035 22,927 13,514 11,423 6,426
  NCCD on Crude Oil 822 857 926 968 1,180 1,130 1,016 1,121 584
  Excise Duty 99,068 178,477 242,691 229,716 214,369 223,057 372,970 363,305 134,025
  Service tax 2,181 2,837 2,956 1,228 340 17 0 - -
  IGST       9,211 16,479 13,099 11,594 19,726 11,518
  CGST       4,488 7,437 6,831 6,158 10,843 6,801
  Others 101 125 122 125 204 88 365 338 19
  Sub Total(A) 126025 209354 273225 276168 279847 287540 419884 431609 174471
                     
  B. Dividend to Government/ Income tax etc.
  Corporate/ Income Tax 23921 25505 32511 33599 38561 23134 21909 29219 11932
  Dividend income to Central Govt. 9197 10217 17501 14575 15525 12270 10393 22612 5069
  Dividend distribution tax 3500 4590 6197 5981 6415 5462 0 0 0
  Profit Petroleum on exploration of Oil/ Gas 9422 4630 5742 5839 7694 5909 2883 8862 5584
  Sub Total(B) 46040 44943 61950 59994 68194 46775 35185 60694 22584
Total Contribution to Central Exchequer(A+B) 172065 254297 335175 336163 348041 334315 455069 492303 197055
                     
  2. Contribution to State Exchequer
  A. Tax/ Duties on Crude &Petroleum products
  Royalty on Crude Oil / Natural Gas 14159 7932 11942 9370 13371 11882 7179 13526 10512
  Sales Tax/ VAT on POL Products 137157 142807 166414 185850 201265 200493 202937 256248 142092
  SGST/UTGST       4974 7961 7345 6121 11017 6892
  Octroi, Duties Incl. Electricity Duty 3838 2753 3524 1663 685 716 706 827 409
  Entry Tax / Others 5372 6622 7706 4745 4114 405 329 354 206
  Sub Total (A) 160526 160114 189587 206601 227396 220841 217271 281972 160112
                     
  B. Dividend to Government/ Direct tax etc.
  Dividend Income to State Govt. 28 95 183 262 195 215 379 151 130
  Sub Total (B) 28 95 183 262 195 215 379 151 130
Total Contribution to State Exchequer(A+B) 160554 160209 189770 206863 227591 221056 217650 282122 160242
Total Contribution of Petroleum Sector to Exchequer (1+2) 332620 414506 524945 543026 575632 555370 672719 774425 357296
(P) Provisional
Notes:
1. As per details provided by 16 major oil & gas companies.
2. Profit petroleum on exploration of Oil/ Natural Gas as provided by MOP&NG.
3. Figures for the previous periods have been regrouped wherever necessary.
Table Posted: (07-12-2022)
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