Lok Sabha Question No. 3 (STARRED), answered on 2021-07-19
Subject: Increasing Prices of Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: N.K. Premachandran, K. Muraleedharan

## LOK SABHA STARRED QUESTION NO. 3 TO BE ANSWERED ON 19 TH  July, 2021

## Increasing Prices of Petroleum Products

## *3. SHRI N.K. PREMACHANDRAN: SHRI K. MURALEEDHARAN:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) whether  it  has  come  to  the  notice  of  the Government  that  the  prices  of  petrol  and diesel  are increasing;
- (b) if so, the action taken to make available petrol and diesel at reasonable prices;
- (c) whether  it  has  come  to  the  notice  of  the Government  that  the  duties  and  taxes  on petrol  and diesel are more than the cost thereof and if so, the action taken  thereon;
- (d)  the  details  of  the  number  of  times  the  Government  has    increased    the    prices    of petroleum    products    like  diesel,  petrol  and  domestic  LPG  cylinder  during  the  last  six months; and
- (e) whether the Government has taken any steps to reduce the prices of petroleum products and if so, the details thereof?

## ANSWER isVªksfy;e vkSj izkÑfrd xSl; ea=h ( ी हरदप संह पुर )

## MINISTER OF PETROLEUM AND NATURAL GAS (SHRIHARDEEP SINGH PURI)

(a) to (e):

A statement is laid on the Table of the House.

Statement referred to in reply to parts (a) to (e) of Lok Sabha Starred Question No. 3 asked by  Shri  N.K.  Premachandran  and  Shri  K.  Muraleedharan  to  be  answered  on  19 th July, 2021 regarding 'Increasing Prices of Petroleum Products'.

- (a)  & (b):   Prices of petrol and diesel are market-determined with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies (OMCs) have been  taking  appropriate  decision  on  pricing  of  petrol  and  diesel  on  the  basis  of  international product prices and other market conditions. . The OMCs have increased and decreased the prices of  petrol  and  diesel  according  to  changes  in  international  prices  and  rupee  dollar  exchange rate.
- (c):  The price break up of Petrol and Diesel at Delhi as on 15 th July 2021 is as under:
- (d): The details of the number of times the prices of petrol, diesel and LPG has changed at Delhi since 1 st January, 2021 till 09 th July, 2021 by OMCs are as under:
- (e):  The  prices  of  petroleum  products  are  linked  to  the  price  of  respective  products  in  the international market.  Oil Marketing Companies take a decision on retail selling price based  on various factors including international product prices, exchange rate, tax structure, inland freight and other cost elements.

| Particulars                                                                | Unit   |   Petrol |   Diesel |
|----------------------------------------------------------------------------|--------|----------|----------|
| Base Price (including Dealers commission)                                  | Rs/Ltr |    44.94 |    44.8  |
| Add : Excise Duty (levied by the Centre Govt.)                             | Rs/Ltr |    32.9  |    31.8  |
| Add : VAT (including VAT on Dealer Commission) (levied by the State Govt.) | Rs/Ltr |    23.35 |    13.12 |
| Retail Selling Price at Delhi                                              | Rs/Ltr |   101.19 |    89.72 |

|           |   Petrol |   Diesel | Domestic LPG   |
|-----------|----------|----------|----------------|
| Increase  |       63 |       61 | 5              |
| Decrease  |        4 |        4 | 1              |
| No Change |      123 |      125 | -              |

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