Lok Sabha Question No. 67 (STARRED), answered on 2021-12-02
Subject: Average Price of Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Girish Chandra

## LOK SABHA STARRED QUESTION NO. 67 TO BE ANSWERED ON 02 ND  DECEMBER, 2021

## Average Price of Petroleum Products

## *67. SHRI GIRISH CHANDRA:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) the details of average prices of petrol, diesel, kerosene and LPG as on 30th June during each of the last three years and the current year; and
- (b) the main components of the price fixation mechanism of petroleum products in the country vis-à-vis share of amount of revenue between the Union and State Governments during the last three years and the current year with year-wise details thereof?

## ANSWER

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

## MINISTER OF PETROLEUM AND NATURAL GAS (SHRI HARDEEP SINGH PURI)

(a) & (b): A statement is laid on the Table of the House.

Statement referred to in reply to parts (a) & (b) of Lok Sabha Starred Question No. 67 asked by Shri Girish Chandra to be answered on 02 nd December, 2021 regarding 'Average Price 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. The Average price of Indian Basket of Crude oil has risen approximately 313% from April, 2020 to October, 2021 ($19.90/bbl to $82.11/bbl).

Prices  of  LPG  in  the  country  are  based  on  Saudi  Contract  Price  (CP),  the  benchmark  for international prices of LPG. However, for domestic LPG the Government continues to modulate the  effective  price  to  consumer  to  insulate  the  common  man  from  rise  in  international  prices. Saudi CP has risen approximately 238% from April, 2020 to October, 2021 (236 USD to 797 USD).

The average retail selling price of petrol, diesel and domestic LPG at Delhi and PDS kerosene at Mumbai during last three years and current year as on 30 th June is given as under:

| Year                     | Petrol    | Diesel    | PDS Kerosene   | Domestic LPG RSP     |
|--------------------------|-----------|-----------|----------------|----------------------|
|                          | Rs./Litre | Rs./Litre | Rs./Litre      | Rs./14.2 Kg cylinder |
| 2018-19                  | 75.37     | 68.22     | 27.05          | 768.12               |
| 2019-20                  | 72.69     | 65.78     | 33.73          | 694.73               |
| 2020-21                  | 80.84     | 73.58     | 25.39          | 695.15               |
| 2021-22 (till 30th June) | 93.10     | 83.67     | 37.70          | 809.00               |

The contribution to Central and State exchequer during last three years and current year, yearwise is given below:

( Rs./Crores)

| Year                  | Total Contribution of Petroleum Sector to Exchequer   | Share of Central Exchequer   | Share of State Exchequer   |
|-----------------------|-------------------------------------------------------|------------------------------|----------------------------|
| 2018-19               | 5,75,632                                              | 60%                          | 40%                        |
| 2019-20               | 5,55,370                                              | 60%                          | 40%                        |
| 2020-21               | 6,72,719                                              | 68%                          | 32%                        |
| (Apr-Sep) 2021-22 (P) | 3,49,923                                              | 62%                          | 38%                        |

Based on data from 16 major oil & gas companies