Economics at your fingertips  

Estimation and Projection of Petroleum Demand and Tax Collection from Petroleum Sector in India

Sacchidananda Mukherjee ()

Journal of Infrastructure Development, 2020, vol. 12, issue 1, 39-68

Abstract: Taxes from the petroleum sector constitute a significant share in indirect tax collection of the union as well as state governments in India. Understanding prospective revenue from petroleum taxes could help governments in better public finance management. The importance of revenue from the petroleum sector has increased after the introduction of Goods and Services Tax (GST) in India, as fiscal autonomy of the governments (both federal and provincial) to augment tax collection through unilateral policy changes has been curtailed with harmonisation of the tax system. Revenue mobilisation from petroleum taxes is dependent on consumption (sales) of petroleum products, and, therefore, understanding consumption of petroleum products is important to understand prospective revenue from the petroleum sector. The objective of this article is to estimate the petroleum consumption function and revenue (tax collection) function. Based on the estimated functions, we project the petroleum demand and tax collection for the period from 2017–18 to 2024–25. JEL Classification: H25, Q41, Q47

Keywords: Petroleum demand; petroleum taxes; petroleum consumption; revenue projections; goods and service tax; econometric models; India (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) (text/html)

Related works:
Working Paper: Estimation and Projection of Petroleum Demand and Tax Collection from Petroleum Sector in India (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1177/0974930620903558

Access Statistics for this article

More articles in Journal of Infrastructure Development from India Development Foundation
Bibliographic data for series maintained by SAGE Publications ().

Page updated 2021-09-04
Handle: RePEc:sae:jouinf:v:12:y:2020:i:1:p:39-68