Lok Sabha Question No. 190 (UNSTARRED), answered on 2019-02-04
Subject: Price of Crude Oil
Ministry: PETROLEUM AND NATURAL GAS
Asked by: PARAYAMPARANBIL KUTTAPPAN BIJU

## LOK SABHA UNSTARRED QUESTION NO. 190 TO BE ANSWERED ON 4 TH  FEBRUARY, 2019

## Price of Crude Oil

190. DR. P.K. BIJU:

## पेट्रोलियम और प्राक ृ लिक गैस मंत्री

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

- (a) whether price of crude oil in international market has declined to the lowest level of last 13 months during November-December, 2018 and if so, the details thereof, date-wise;
- (b) whether the Government has not extended full benefits of decline in crude oil prices to public while selling petrol and diesel in retail and if so, the details thereof and the reasons therefor; and
- (c) the prices of petrol and diesel in Kerala and Tamil Nadu during the month of November and December, 2018, till date, date-wise?

## ANSWER

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

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

- (a) The  average  monthly  prices  of  Indian  basket  of  crude  oil  in  the  international market since January, 2018 is given in Annexure-I.
- (b) 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  OMCs  have  not  only  increased  but  also  decreased  the  prices accordingly.

The prices of petroleum products are linked to the prices of respective products in the  international  market.    Oil  Marketing  Companies  take  a  decision  on  retail selling  price  after  considering  various  aspects  including  international  product prices, exchange rate, tax structure, inland freight and other cost elements.

- (c) The prices of petrol and diesel in Chennai (Tamil Nadu) and Thiruvananthapuram (Kerala) from November 1, 2018 to January 22, 2019 are given in Annexure-II.

## Annexure-I

## Annexure  referred  to  in  reply  to  part  (a)  of  Lok  Sabha  Unstarred  Question  No.  190 asked by Dr. P.K. Biju to be answered on 4 th February, 2019 regarding 'Price of Crude Oil'.

| Month                          |   Indian basket of crude oil ($/bbl) |
|--------------------------------|--------------------------------------|
| January-2018                   |                                67.06 |
| February-2018                  |                                63.54 |
| March-2018                     |                                63.8  |
| April-2018                     |                                69.22 |
| May-2018                       |                                75.25 |
| June-2018                      |                                73.83 |
| July-2018                      |                                73.47 |
| August-2018                    |                                72.53 |
| September-2018                 |                                77.88 |
| October-2018                   |                                80.08 |
| November-2018                  |                                65.4  |
| December-2018                  |                                57.77 |
| January-2019 (till 25.01.2019) |                                58.91 |

Note:The Indian basket of crude oil represents a derived basket comprising of sour grade (Oman & Dubai average) and sweet grade (Brent Dated) of crude oil processed in Indian refineries.

Annexure-II

## Annexure  referred  to  in  reply  to  part  (c)  of  Lok  Sabha  Unstarred  Question  No.  190 asked by Dr. P.K. Biju to be answered on 4 th February, 2019 regarding 'Price of Crude Oil'.

(in ` /litre)

|           | Chennai (Tamil Nadu)   | Chennai (Tamil Nadu)   | Thiruvananthapuram (Kerala)   | Thiruvananthapuram (Kerala)   |
|-----------|------------------------|------------------------|-------------------------------|-------------------------------|
| Date      | Petrol                 | Diesel                 | Petrol                        | Diesel                        |
| 1-Nov-18  | 82.46                  | 78.00                  | 82.65                         | 78.98                         |
| 2-Nov-18  | 82.26                  | 77.85                  | 82.57                         | 78.94                         |
| 3-Nov-18  | 82.06                  | 77.73                  | 82.37                         | 78.82                         |
| 4-Nov-18  | 81.84                  | 77.55                  | 82.16                         | 78.64                         |
| 5-Nov-18  | 81.61                  | 77.34                  | 81.93                         | 78.43                         |
| 6-Nov-18  | 81.46                  | 77.24                  | 81.79                         | 78.34                         |
| 7-Nov-18  | 81.46                  | 77.24                  | 81.79                         | 78.34                         |
| 8-Nov-18  | 81.24                  | 77.05                  | 81.57                         | 78.15                         |
| 9-Nov-18  | 81.08                  | 76.89                  | 81.42                         | 77.99                         |
| 10-Nov-18 | 80.90                  | 76.72                  | 81.24                         | 77.82                         |
| 11-Nov-18 | 80.73                  | 76.59                  | 81.08                         | 77.69                         |
| 12-Nov-18 | 80.56                  | 76.43                  | 80.91                         | 77.53                         |
| 13-Nov-18 | 80.42                  | 76.30                  | 80.77                         | 77.41                         |
| 14-Nov-18 | 80.42                  | 76.30                  | 80.77                         | 77.41                         |
| 15-Nov-18 | 80.26                  | 76.19                  | 80.62                         | 77.30                         |
| 16-Nov-18 | 80.07                  | 76.02                  | 80.44                         | 77.13                         |
| 17-Nov-18 | 79.87                  | 75.82                  | 80.24                         | 76.93                         |
| 18-Nov-18 | 79.66                  | 75.63                  | 80.04                         | 76.75                         |
| 19-Nov-18 | 79.46                  | 75.44                  | 79.84                         | 76.57                         |
| 20-Nov-18 | 79.31                  | 75.31                  | 79.70                         | 76.44                         |
| 21-Nov-18 | 79.31                  | 75.31                  | 79.70                         | 76.44                         |
| 22-Nov-18 | 78.88                  | 74.99                  | 79.28                         | 76.12                         |
| 23-Nov-18 | 78.46                  | 74.55                  | 78.87                         | 75.69                         |
| 24-Nov-18 | 78.12                  | 74.13                  | 78.54                         | 75.27                         |
| 25-Nov-18 | 77.69                  | 73.63                  | 78.12                         | 74.79                         |
| 26-Nov-18 | 77.32                  | 73.20                  | 77.76                         | 74.35                         |
| 27-Nov-18 | 76.88                  | 72.77                  | 77.33                         | 73.93                         |
| 28-Nov-18 | 76.35                  | 72.34                  | 76.82                         | 73.51                         |
| 29-Nov-18 | 76.01                  | 71.95                  | 76.48                         | 73.13                         |
| 30-Nov-18 | 75.62                  | 71.52                  | 76.10                         | 72.70                         |
| 1-Dec-18  | 75.26                  | 71.12                  | 75.75                         | 72.31                         |
| 2-Dec-18  | 74.94                  | 70.77                  | 75.45                         | 71.96                         |
| 3-Dec-18  | 74.63                  | 70.38                  | 75.14                         | 71.59                         |
| 4-Dec-18  | 74.41                  | 70.09                  | 74.92                         | 71.30                         |
| 5-Dec-18  | 74.41                  | 70.09                  | 74.92                         | 71.30                         |
| 6-Dec-18  | 73.99                  | 69.63                  | 74.51                         | 70.85                         |
| 7-Dec-18  | 73.57                  | 69.19                  | 74.11                         | 70.42                         |
| 8-Dec-18  | 73.33                  | 68.93                  | 73.88                         | 70.15                         |
| 9-Dec-18  | 73.18                  | 68.70                  | 73.73                         | 69.93                         |
| 10-Dec-18 | 72.92                  | 68.41                  | 73.48                         | 69.65                         |
| 11-Dec-18 | 72.82                  | 68.26                  | 73.38                         | 69.49                         |
| 12-Dec-18 | 72.82                  | 68.26                  | 73.38                         | 69.49                         |

|           | Chennai (Tamil Nadu)   | Chennai (Tamil Nadu)   | Thiruvananthapuram (Kerala)   | Thiruvananthapuram (Kerala)   |
|-----------|------------------------|------------------------|-------------------------------|-------------------------------|
| Date      | Petrol                 | Diesel                 | Petrol                        | Diesel                        |
| 14-Dec-18 | 72.94                  | 68.18                  | 73.49                         | 69.42                         |
| 15-Dec-18 | 72.99                  | 68.10                  | 73.54                         | 69.34                         |
| 16-Dec-18 | 72.99                  | 67.97                  | 73.54                         | 69.22                         |
| 17-Dec-18 | 73.19                  | 68.07                  | 73.74                         | 69.31                         |
| 18-Dec-18 | 73.29                  | 68.14                  | 73.84                         | 69.38                         |
| 19-Dec-18 | 73.29                  | 68.14                  | 73.84                         | 69.38                         |
| 20-Dec-18 | 73.29                  | 68.14                  | 73.84                         | 69.38                         |
| 21-Dec-18 | 73.11                  | 67.98                  | 73.67                         | 69.23                         |
| 22-Dec-18 | 72.91                  | 67.77                  | 73.47                         | 69.02                         |
| 23-Dec-18 | 72.70                  | 67.58                  | 73.27                         | 68.83                         |
| 24-Dec-18 | 72.48                  | 67.38                  | 73.05                         | 68.64                         |
| 25-Dec-18 | 72.41                  | 67.38                  | 72.98                         | 68.64                         |
| 26-Dec-18 | 72.41                  | 67.38                  | 72.98                         | 68.64                         |
| 27-Dec-18 | 72.36                  | 67.31                  | 72.93                         | 68.56                         |
| 28-Dec-18 | 72.16                  | 67.16                  | 72.73                         | 68.42                         |
| 29-Dec-18 | 71.85                  | 66.84                  | 72.44                         | 68.10                         |
| 30-Dec-18 | 71.62                  | 66.59                  | 72.21                         | 67.86                         |
| 31-Dec-18 | 71.41                  | 66.35                  | 72.01                         | 67.62                         |
| 1-Jan-19  | 71.22                  | 66.14                  | 71.82                         | 67.41                         |
| 2-Jan-19  | 71.22                  | 66.14                  | 71.82                         | 67.41                         |
| 3-Jan-19  | 71.22                  | 66.14                  | 71.82                         | 67.41                         |
| 4-Jan-19  | 71.01                  | 65.91                  | 71.62                         | 67.19                         |
| 5-Jan-19  | 70.85                  | 65.72                  | 71.46                         | 67.00                         |
| 6-Jan-19  | 70.85                  | 65.62                  | 71.46                         | 66.90                         |
| 7-Jan-19  | 71.07                  | 65.70                  | 71.68                         | 66.98                         |
| 8-Jan-19  | 71.07                  | 65.70                  | 71.68                         | 66.98                         |
| 9-Jan-19  | 71.07                  | 65.70                  | 71.68                         | 66.98                         |
| 10-Jan-19 | 71.47                  | 66.01                  | 72.07                         | 67.29                         |
| 11-Jan-19 | 71.67                  | 66.31                  | 72.26                         | 67.58                         |
| 12-Jan-19 | 71.87                  | 66.62                  | 72.46                         | 67.89                         |
| 13-Jan-19 | 72.39                  | 67.25                  | 72.96                         | 68.51                         |
| 14-Jan-19 | 72.79                  | 67.78                  | 73.35                         | 69.02                         |
| 15-Jan-19 | 73.08                  | 68.09                  | 73.64                         | 69.33                         |
| 16-Jan-19 | 73.00                  | 68.22                  | 73.55                         | 69.46                         |
| 17-Jan-19 | 73.15                  | 68.42                  | 73.70                         | 69.66                         |
| 18-Jan-19 | 73.23                  | 68.62                  | 73.78                         | 69.86                         |
| 19-Jan-19 | 73.41                  | 68.83                  | 73.95                         | 70.06                         |
| 20-Jan-19 | 73.65                  | 69.14                  | 74.19                         | 70.36                         |
| 21-Jan-19 | 73.85                  | 69.41                  | 74.38                         | 70.63                         |
| 22-Jan-19 | 73.99                  | 69.62                  | 74.52                         | 70.83                         |

Source: PPAC