Lok Sabha Question No. 3879 (UNSTARRED), answered on 2023-03-23
Subject: Hike in Price of Petrol and Diesel
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Pradyut Bordoloi, Gaurav Gogoi

## LOK SABHA

## UNSTARRED QUESTION NO. 3879 TO BE ANSWERED ON 23 MARCH, 2023

## Hike in Price of Petrol and Diesel

3879.   SHRI PRADYUT BORDOLOI: SHRI GAURAV GOGOI:

## पेोलयम और ाक ृ तक गैस मंी

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

- (a) the details of every hike in prices of petrol and diesel since 2014 along with corresponding prices of international crude oil for those dates;
- (b)  the  details  of  total  tax  revenues  generated  from  excise  duties  on  petroleum,  diesel  and other petroleum products since 2014, year-wise; and
- (c)  whether  the  Government  has  initiated  negotiations  with  the  States  after  its  claims  of waiting on approval from the States for the imposition of GST on petroleum products and if so, the details thereof?

## ANSWER

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

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

(a) to (c): Prices of petrol and diesel in the country have been 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. Effective 16 June, 2017, daily pricing of petrol and diesel has been implemented in the entire country. The details of daily prices of petrol and diesel are available at www.ppac.gov.in. Public  Sector  Oil  Marketing  Companies  (OMCs)  have  not  increased  prices  of  petrol  and diesel since 6 th April 2022.

The yearly average international prices of Indian basket of Crude oil since 2014-15 are given below:

| Year                      |   Average Indian Basket (USD/Barrel) |
|---------------------------|--------------------------------------|
| 2014-15                   |                                84.16 |
| 2015-16                   |                                46.17 |
| 2016-17                   |                                47.56 |
| 2017-18                   |                                56.43 |
| 2018-19                   |                                69.88 |
| 2019-20                   |                                60.47 |
| 2020-21                   |                                44.82 |
| 2021-22                   |                                79.18 |
| 2022-23 (Till 17.03.2023) |                                93.9  |

Source: Petroleum Planning and Analysis Cell

The  details  of  contribution  to  Central  Exchequer  from  excise  duty  on  petroleum  products since 2014 are given below:

(Rs. in Crore)

The above is based on data provided to Petroleum Planning and Analysis Cell (PPAC) by 15 major oil & gas companies.

| Year                         | Contribution to Central Exchequer from excise duty on petroleum products   |
|------------------------------|----------------------------------------------------------------------------|
| 2014-15                      | 99,068                                                                     |
| 2015-16                      | 1,78,477                                                                   |
| 2016-17                      | 2,42,691                                                                   |
| 2017-18                      | 2,29,716                                                                   |
| 2018-19                      | 2,14,369                                                                   |
| 2019-20                      | 2,23,057                                                                   |
| 2020-21                      | 3,72,970                                                                   |
| 2021-22                      | 3,63,305                                                                   |
| 2022-23 (P) (April-Dec 2022) | 2,03,171                                                                   |

- (P) - Provisional
- (c): The GST Council in its 45 th meeting held on 17 th September, 2021 had considered the inclusion of Petrol/Diesel and other petroleum products under the GST regime but the matter was deferred by the Council till larger deliberations on account of its heavy repercussions on the exchequer. The issue has not been taken up by the Council as an agenda item for any further deliberation subsequent to the said meeting.

x-x-x-x-x