Lok Sabha Question No. 2029 (UNSTARRED), answered on 2021-12-09
Subject: Increasing Price of Diesel and Petrol
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Thomas Chazhikadan

## LOK SABHA UNSTARRED QUESTION NO. 2029

## TO BE ANSWERED ON 09 TH  DECEMBER, 2021

## Increasing Price of Diesel and Petrol

## 2029.  SHRI THOMAS CHAZHIKADAN:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) whether the Government is aware that the price of petrol and diesel are increasing on daily basis;
- (b) if so, the details of the number of times the Government has increased the prices of petrol, diesel and domestic LPG cylinder during the last two years, year-wise;
- (c)  the  details  of  the  amount  collected  by  the  Union  Government  by  levying  excise  duty  on petroleum products during the last five years, year-wise; and
- (d) whether the Government is considering to reduce the excise duty on petroleum products to give relief to common people of the country and if so, the details thereof?

## ANSWER

## पेोलयम और ाक ृतक गैस मंालय म राय मंी ( ी रामेवर तेल )

## MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI RAMESWAR TELI)

- (a): Prices  of  petrol  and  diesel  have  been  made  market-determined  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 of petrol and diesel in line with changes in international prices and rupee dollar exchange rate.

Public Sector OMCs have implemented daily revision of retail selling price (RSP) of petrol and diesel in the entire country with effect from 16th June, 2017. Daily pricing has been introduced to bring more transparency and efficiency in pricing to benefit consumers.

- (b): The details of number of times the prices of petrol, diesel and domestic LPG cylinder at Delhi has increased/decreased during the last two years and current year is given as Annexure .
- (c): The details of the amount collected by the Union Government by levying excise duty on petroleum products during the last five years and current year are given as under:

Rs./Crores

| Particulars   | 2016-17   | 2017-18   | 2018-19   | 2019-20   | 2020-21   | Apr.-Sep. 2021-22   |
|---------------|-----------|-----------|-----------|-----------|-----------|---------------------|
| Excise Duty   | 2,42,691  | 2,29,716  | 2,14,369  | 2,23,057  | 3,72,970  | 1,70,894            |

Based on data from 16 major oil & gas companies

- (d): The Central Government reduced the Central Excise duty on petrol and diesel by Rs. 5 and Rs. 10 per liter respectively effective from 4th November, 2021. The measure was aimed to give  a  further  fillip  to  the  economy  and  to  boost  consumption  and  keep  inflation  low,  thus helping the poor and middle classes. Many States/UTs have also reduced the VAT on petrol and diesel subsequently.

## Annexure

Annexure referred to in reply to part (b) of Lok Sabha Unstarred Question No. 2029 asked by Shri Thomas Chazhikadan to be answered on 09 th December, 2021 regarding 'Increasing Price of Diesel and Petrol'.

2019-20

| Particulars   |   Petrol |   Diesel | Non-Subsidised Domestic LPG   |
|---------------|----------|----------|-------------------------------|
| Increase      |       89 |       79 | 9                             |
| Decrease      |      124 |      119 | 3                             |
| No change     |      153 |      168 |                               |
| Total         |      366 |      366 | 12                            |

2020-21

| Particulars   |   Petrol |   Diesel | Non-Subsidised Domestic LPG   |
|---------------|----------|----------|-------------------------------|
| Increase      |       76 |       73 | 8                             |
| Decrease      |       10 |       24 | 2                             |
| No change     |      279 |      268 |                               |
| Total         |      365 |      365 | 10                            |

2021-22*

| Particulars   |   Petrol |   Diesel | Non-Subsidised Domestic LPG   |
|---------------|----------|----------|-------------------------------|
| Increase      |       69 |       67 | 4                             |
| Decrease      |        7 |       10 | 1                             |
| No change     |      171 |      170 |                               |
| Total         |      247 |      247 | 5                             |