Lok Sabha Question No. 3111 (UNSTARRED), answered on 2022-08-04
Subject: Price of Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Sadashiv Kisan Lokhande

## LOK SABHA UNSTARRED QUESTION NO. 3111 TO BE ANSWERED ON 04   AUGUST, 2022

## Price of Petroleum Products

†3111. SHRI SADASHIV KISAN LOKHANDE:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) the details of increase or decrease in the prices of petrol, kerosene oil, cooking gas and other petroleum products by the Government during the last two years;
- (b) whether the said increase or decrease in prices of the said products is in accordance with the prices of crude oil in international market; and
- (c) if so, the details thereof and if not, the reasons therefor?

## 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) to (c): The  prices  of  petroleum  products  in  the  country  are  linked  to  the  price  of respective  products  in  the  international  market.  Prices  of  petrol  and  diesel  have  been  marketdetermined  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.

LPG prices are based on Saudi Contract Prices (CP) and Saudi CP has risen from 236 $/MT in April 2020 to 750 $/MT in June 2022, a rise of 218%. However, the Government continues to modulate the effective price to consumer for domestic LPG. Effective 1 March, 2020, the retail selling  price  of  PDS  Kerosene  is  being  maintained  at  NIL  under-recovery  level  on  pan  India basis.

The details of prices of Indian basket of crude oil in the international market and prices of petrol, diesel,  PDS  Kerosene  and  domestic  LPG  in  India  during  the  last  two  years  (1st  day  of  each quarter) are given as Annexure.

## Annexure

Annexure referred to in reply to part (a) to (c) of Lok Sabha Unstarred Question No. 3111 asked by  Shri  Sadashiv  Kisan  Lokhande  to  be  answered  on  04  AUGUST,  2022  regarding  'Price  of Petroleum Products'

|            | Indian Basket of Crude Oil   | Petrol    | Diesel    | Domestic LPG         | PDS Kerosene   |
|------------|------------------------------|-----------|-----------|----------------------|----------------|
|            |                              | Rs./Litre | Rs./Litre | Rs./14.2 Kg Cylinder | Rs./Litre      |
| Date       | $/bbl                        | Delhi     | Delhi     | Delhi                | Mumbai         |
| 01-01-2017 | 54.41                        | 68.94     | 56.68     | 585.00               | 18.28          |
| 01-04-2017 | 51.28                        | 66.29     | 55.61     | 723.00               | 18.77          |
| 01-07-2017 | 46.71                        | 63.09     | 53.33     | 564.00               | 21.09          |
| 01-10-2017 | 55.94                        | 70.76     | 58.92     | 649.00               | 22.76          |
| 01-01-2018 | 64.96                        | 69.97     | 59.70     | 741.00               | 22.39          |
| 01-04-2018 | 65.97                        | 73.73     | 64.58     | 653.50               | 23.98          |
| 01-07-2018 | 76.37                        | 75.55     | 67.38     | 754.00               | 25.56          |
| 01-10-2018 | 82.14                        | 83.73     | 75.09     | 879.00               | 27.13          |
| 01-01-2019 | 52.28                        | 68.65     | 62.66     | 689.00               | 28.71          |
| 01-04-2019 | 68.46                        | 72.86     | 66.09     | 706.50               | 30.87          |
| 01-07-2019 | 65.00                        | 70.44     | 64.27     | 637.00               | 32.44          |
| 01-10-2019 | 59.57                        | 74.61     | 67.49     | 605.00               | 34.02          |
| 01-01-2020 | 67.15                        | 75.14     | 67.96     | 714.00               | 35.59          |
| 01-04-2020 | 19.79                        | 69.59     | 62.29     | 744.00               | 25.72          |
| 01-07-2020 | 42.65                        | 80.43     | 80.53     | 594.00               | 24.70          |
| 01-10-2020 | 40.64                        | 81.06     | 70.53     | 594.00               | 23.65          |
| 01-01-2021 | 51.00                        | 83.71     | 73.87     | 694.00               | 30.12          |
| 01-04-2021 | 61.63                        | 90.56     | 80.87     | 809.00               | 36.78          |
| 01-07-2021 | 74.75                        | 98.81     | 89.18     | 834.50               | 41.24          |
| 01-10-2021 | 76.42                        | 101.89    | 90.17     | 884.50               | 43.17          |
| 01-01-2022 | 77.08                        | 95.41     | 86.67     | 899.50               | 46.12          |
| 01-04-2022 | 103.02                       | 101.81    | 93.07     | 949.50               | 76.36          |
| 01-07-2022 | 110.08                       | 96.72     | 89.62     | 1003.00              | 97.56          |
| 01-08-2022 | 102.88                       | 96.72     | 89.62     | 1053.00              | 84.69          |

Source: Petroleum Planning and Analysis Cell (PPAC)