Excise duty collections jump 48% this fiscal on record hike in fuel taxes

Excise duty collection has jumped 48% in the current fiscal due to a record increase in taxes on petrol and diesel. Excise duty collection during April-November 2020 stood at ₹1.96 lakh crore, up from ₹1.33 lakh crore during the year-ago period, official data showed. Over 10 million tonnes less diesel was sold during April-November 2020 as against the previous year.