Lok Sabha Question No. 4681 (UNSTARRED), answered on 2019-07-22
Subject: Price of Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: K. Muraleedharan, Chandeshwar Prasad, P. Velusamy

## LOK SABHA UNSTARRED QUESTION NO. 4681 TO BE ANSWERED ON 22 ND  JULY, 2019

## Price of Petroleum Products

4681.   SHRI K. MURALEEDHARAN: SHRI CHANDESHWAR PRASAD: SHRI VELUSAMY P.:

## पेट्रोलियम और प्राक ृ लिक गैस मंत्री

## Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

(a)  whether  the  use  of  petrol/diesel  is  increasing  world  wide  including  in  India,  if  so,  the details of cost/increase in the cost of petroleum products/crude oil in domestic/ international market along with the import cost in India during the last three years and the current year, year-wise and petrol/ diesel-wise;

- (b)  whether the Government has taken/ proposes to take any steps to control the increased price of the petroleum products and if so, the details thereof;
- (c)  whether  the  petroleum  marketing  companies  are  incurring  losses  on  sale  of  petroleum products in the country and if so, the details thereof, company-wise; and

(d)  whether  the  Government  has  any  scheme  to  mitigate  the  effect  of  costlier  petroleum products on the common man and inflation and if so, the details thereof?

## ANSWER

## पेट्रोलियम और प्राक ृ लिक गैस मंत्री (श्री धमेन्द्र प्रधान)

## MINISTER OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

- (a) The  consumption  of  petrol  and  diesel  in  India  during  the  last  three  years  and  the current year are given as follows:

Figure in MMT

| Details   |   2016-17 |   2017-18 |   2018-19 (P) |   2019-20 (Apr-June) |
|-----------|-----------|-----------|---------------|----------------------|
| MS        |      23.8 |      26.2 |          28.3 |                  7.8 |
| HSD       |      76   |      81.1 |          83.5 |                 22.5 |

The prices of Indian basket of crude oil, petrol and diesel are available on the website of Petroleum Planning and Analysis Cell (PPAC) i.e. www.ppac.org.in and the prices of  domestic  LPG  and  PDS  Kerosene  since  2016-17  are  available  on  the  website  of IOCL i.e. www.iocl.com.

The details of quantity and value of petrol, diesel and crude oil imported during the last three years and the current year are given below:

|           | 2016-17       | 2016-17       | 2016-17    | 2017-18       | 2017-18       | 2017-18    | 2018-19 (P)   | 2018-19 (P)   | 2018-19 (P)   | 2019-20 (April- May) (P)   | 2019-20 (April- May) (P)   | 2019-20 (April- May) (P)   |
|-----------|---------------|---------------|------------|---------------|---------------|------------|---------------|---------------|---------------|----------------------------|----------------------------|----------------------------|
|           | Qty           | Value         | Value      | Qty           | Value         | Value      | Qty           | Value         | Value         | Q ty                       | Value                      | Value                      |
| Product   | Million tonne | US$ (Billion) | ` (Crores) | Million tonne | US$ (Billion) | ` (Crores) | Million tonne | US$ (Billion) | ` (Crores)    | Million tonne              | US$ (Billion)              | ` (Crores)                 |
| Petrol    | 0.5           | 0.2           | 1617       | 0.2           | 0.1           | 581        | 0.7           | 0.4           | 3132          | 0.2                        | 0.2                        | 1215                       |
| Diesel    | 1.0           | 0.4           | 2959       | 1.4           | 0.7           | 4269       | 0.6           | 0.4           | 2483          | 0.3                        | 0.2                        | 1522                       |
| Crude Oil | 213.93        | 70.20         | 470159     | 220.43        | 87.80         | 566450     | 226.64        | 111.96        | 783427        | 38.85                      | 19.51                      | 135791                     |

Source :PPAC, (P) : Provisional

- (b) to (d) Prices  of  petrol  and  diesel  have  been  made  market-determined  by  the  Government with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with international product prices and other market conditions. The prices of petroleum products are linked to the price of respective products in the international market.  The  Government  continues  to  modulate  the  effective  price  to  consumer  for Subsidized Domestic LPG and retail selling price of PDS Kerosene.

The details of profit earned by PSU OMCs from all activities during the last three years are given as under:-

(

x-x-x-x

| Companies   | 2016-17   | 2017-18   | 2018-19   |
|-------------|-----------|-----------|-----------|
| IOCL        | 19,106    | 21,346    | 16,894    |
| HPCL        | 6,209     | 6,357     | 6,029     |
| BPCL        | 8,039     | 7,919     | 7,132     |

Crore)

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