Lok Sabha Question No. 2031 (UNSTARRED), answered on 2022-07-28
Subject: Retail Price Freeze on Petrol and Diesel
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Thirumaa Valavan Thol

## LOK SABHA

## UNSTARRED QUESTION NO. 2031 TO BE ANSWERED ON 28 JULY, 2022

## Retail Price Freeze on Petrol and Diesel

## 2031. SHRI THIRUMAAVALAVAN THOL:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) whether the Government is aware of the retail price freeze on petrol and diesel for about 120 days since the first week of November, 2021;
- (b) if so, whether the retail price of petrol and diesel are linked to the international crude price or not as claimed by the oil marketing companies;
- (c) if so, the details of periods of such price freeze during the last five years; and
- d)  the  reasons  for  such  freeze  along  with  the  details  of  price  movements  of  Indian  Basket  of crude oil during the said period?

## ANSWER

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

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

(a) to (d): 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. These prices are linked to the price of respective products in the international market. 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. The  number  of  times  the  prices  of  petrol  and  diesel  were  changed  at  Delhi  since 2017-18 is at Annexure.

Annexure referred to in reply to part (a) to (d) of Lok Sabha Unstarred Question No. 2031 asked by Shri Thirumaavalavan Thol to be answered on 28 July, 2022 regarding 'Retail Price Freeze on Petrol and Diesel'

2017-18

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |      172 |      174 |
| Decrease      |       84 |       75 |
| No change     |       38 |       45 |
| Total         |      294 |      294 |

2019-20

2021-22

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |       89 |       79 |
| Decrease      |      124 |      119 |
| No change     |      153 |      168 |
| Total         |      366 |      366 |

2018-19

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |      148 |      140 |
| Decrease      |      112 |      118 |
| No change     |      105 |      107 |
| Total         |      365 |      365 |

2020-21

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |       76 |       73 |
| Decrease      |       10 |       24 |
| No change     |      279 |      268 |
| Total         |      365 |      365 |

2022-23 (till 20.07.2022)

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |       78 |       76 |
| Decrease      |        7 |       10 |
| No change     |      280 |      279 |
| Total         |      365 |      365 |

| Particulars   |   Petrol |   Diesel |
|---------------|----------|----------|
| Increase      |        5 |        5 |
| Decrease      |        1 |        1 |
| No change     |      105 |      105 |
| Total         |      111 |      111 |

Source: Petroleum Planning and Analysis Cell (PPAC)

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