Lok Sabha Question No. 2643 (UNSTARRED), answered on 2023-03-16
Subject: Changes in Price of Crude Oil
Ministry: PETROLEUM AND NATURAL GAS
Asked by: M.K. Vishnu Prasad, T.R.V.S. Ramesh

## LOK SABHA

## UNSTARRED QUESTION NO. 2643 TO BE ANSWERED ON 16 MARCH, 2023

## Changes in Price of Crude Oil

## 2643.  DR. VISHNU PRASAD M.K.: SHRI T.R.V.S. RAMESH:

## पेोलयम और ाक ृतक गैस मंी

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

(a) the details of changes in prices of petrol, diesel, PNG, ATF and CNG during December, 2022 and January, 2023, item/date and State-wise;

- (b) the details of changes in price of crude oil in international market during December, 2022 and January, 2023, date-wise;
- (c)  whether  prices  of  above  items  have  been  in  accordance  with  the  change  of  prices  in international market during the above said period;
- (d) if so, the details thereof; and
- (e) if not, the difference therein, item/date-wise?

## 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 (e):     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. Public Sector Oil Marketing  Companies  (OMCs)  have  not  increased  prices  of  petrol  and  diesel  since  6 th April 2022.

Due to high volatility and elevated prices of crude oil, most countries have been reeling under high petrol and diesel prices. For example, in the US the prices of petrol and diesel increased by about  10.8%  and  35.2%  respectively  over  the  period  January  2022  to  January  2023,  whereas prices in India ( Delhi) increased only by 1.4%  in case of petrol and 3.4 % in case of diesel, during    the  same  period.    Changes  in  prices  of  petrol  and  diesel  in  some  countries  between January 2022 to January 2023 are as under:

|               | %age Change in Prices between Jan-22 and Jan-23   | %age Change in Prices between Jan-22 and Jan-23   |
|---------------|---------------------------------------------------|---------------------------------------------------|
| Country       | Petrol                                            | Diesel                                            |
| India (Delhi) | 1.4%                                              | 3.4%                                              |
| Spain         | 12.9%                                             | 27.4%                                             |
| UK            | 2.1%                                              | 14.5%                                             |
| Canada        | 5.7%                                              | 32.2%                                             |
| USA           | 10.8%                                             | 35.2%                                             |

Source: Petroleum Planning and Analysis Cell

Central Government has reduced Central Excise duty by a total of Rs. 13/ litre and Rs. 16/ litre on petrol and diesel respectively in two tranches in November 2021 and May 2022 and retail prices  fell  as  a  result.    The  measure  was  aimed  to  give  a  further  fillip  to  the  economy  and  to boost consumption  and  keep inflation low, thus helping the poor and middle classes. Subsequently, many States/UTs have also reduced VAT rates on petrol and diesel.

The  details  of  increase/decrease  in  price  of  petrol  and  diesel  during  December,  2022  and January, 2023 are given at Annexure-I .

Prices  of  Aviation  Turbine  Fuel  (ATF)  have  been  market-determined  with  effect  from 01.04.2001. The declared monthly prices of Aviation Turbine Fuel (ATF) at Delhi airport for the period December 2022 to January 2023 are as follows:

| Month         | ATF prices (Rs/kl)   |
|---------------|----------------------|
| December 2022 | 117,587.64           |
| January 2023  | 108,138.77           |

Source: PPAC

Government of India has allocated Administered Price Mechanism (APM) gas to various City Gas Distribution (CGD) entities for CNG (Transport) and PNG (Domestic) purpose. However, retail price of CNG/PNG is determined by CGD entities after considering cost of gas procured, state taxes, tariff and other components.

The prices of CNG & PNG since December 2022 for Indraprastha Gas Limited (NCT of Delhi) are given as under:

| With effect from   |   CNGprices (In Rs./Kg) | PNG prices (In Rs./SCM)   |
|--------------------|-------------------------|---------------------------|
| 08-10-22           |                   78.61 | 53.59                     |
| 19-12-22           |                   79.56 |                           |

Source: PPAC

The date-wise average prices of Indian Basket of Crude Oil and the prices of petrol & diesel (at Delhi) during December, 2022 and January, 2023 are at Annexure-II.

Annexure  referred  to  in  reply  to  parts  (a)  to  (e)  in  respect  of  Lok  Sabha  Unstarred Question No. 2643 for reply on 16.03.2023 regarding Changes in Price of Crude Oil asked by Dr. Vishnu Prasad M.K. and Shri T.R.V.S. Ramesh.

|   S.No. | State                                    | Reference City     |   Petrol (Rs./Lt)* |   Diesel (Rs./Lt)* |
|---------|------------------------------------------|--------------------|--------------------|--------------------|
|       1 | Delhi                                    | Delhi              |              96.72 |              89.62 |
|       2 | Andhra Pradesh                           | Amaravati          |             110.48 |              98.27 |
|       3 | Arunachal Pradesh                        | Itanagar           |              93.23 |              82.32 |
|       4 | Assam                                    | Dispur             |              97.02 |              87.95 |
|       5 | Bihar                                    | Patna              |             107.24 |              94.04 |
|       6 | Chhattisgarh                             | Raipur             |             102.45 |              95.44 |
|       7 | Goa                                      | Panaji             |              97.68 |              90.23 |
|       8 | Gujarat                                  | Gandhinagar        |              96.63 |              92.38 |
|       9 | Haryana                                  | Ambala City        |              97.48 |              90.31 |
|      10 | Himachal Pradesh                         | Shimla             |              96.96 |              82.94 |
|      11 | Jharkhand                                | Ranchi             |              99.84 |              94.65 |
|      12 | Karnataka                                | Bengaluru          |             101.94 |              87.89 |
|      13 | Kerala                                   | Thiruvananthapuram |             107.71 |              96.52 |
|      14 | Madhya Pradesh                           | Bhopal             |             108.65 |              93.9  |
|      15 | Maharashtra                              | Mumbai             |             106.31 |              94.27 |
|      16 | Manipur                                  | Imphal             |             101.25 |              87.17 |
|      17 | Meghalaya                                | Shillong           |              96.39 |              84.65 |
|      18 | Mizoram                                  | Aizawl             |              95.64 |              82.12 |
|      19 | Nagaland                                 | Kohima             |              99.46 |              87.56 |
|      20 | Odisha                                   | Bhubaneswar        |             103.19 |              94.76 |
|      21 | Punjab                                   | Jalandhar          |              96.18 |              86.55 |
|      22 | Rajasthan                                | Jaipur             |             108.48 |              93.72 |
|      23 | Sikkim                                   | Gangtok            |             102.7  |              89.8  |
|      24 | Tamil Nadu                               | Chennai            |             102.63 |              94.24 |
|      25 | Telangana                                | Hyderabad          |             109.66 |              97.82 |
|      26 | Tripura                                  | Agartala           |              99.49 |              88.44 |
|      27 | Uttar Pradesh                            | Lucknow            |              96.57 |              89.76 |
|      28 | Uttarakhand                              | Dehradun           |              95.13 |              90.2  |
|      29 | West Bengal                              | Kolkata            |             106.03 |              92.76 |
|      30 | Andaman and Nicobar Island               | Port Blair         |              84.1  |              79.74 |
|      31 | Chandigarh                               | Chandigarh         |              96.2  |              84.26 |
|      32 | Dadra and Nagar Haveli and Daman and Diu | Daman              |              94.31 |              89.86 |
|      33 | Ladakh                                   | Leh                |             104.27 |              89.25 |
|      34 | Lakshadweep                              | Kavaratti          |              97.67 |              93.2  |
|      35 | Jammu and Kashmir                        | SRINAGAR           |             101.74 |              86.83 |
|      36 | Puducherry                               | Puducherry         |              96.16 |              86.33 |

Source: IOCL

* Prices of petrol and diesel have remained unchanged during December, 2022 and January, 2023.

Annexure-II

Annexure  referred  to  in  reply  to  parts  (a)  to  (e)  in  respect  of  Lok  Sabha  Unstarred Question No. 2643 for reply on 16.03.2023 regarding Changes in Price of Crude Oil asked by Dr. Vishnu Prasad M.K. and Shri T.R.V.S. Ramesh.

| Date      | Indian Basket of Crude Oil ($/bbl)   | Petrol (Rs./Ltr) (at Delhi)   | Diesel (Rs./Ltr) (at Delhi)   |
|-----------|--------------------------------------|-------------------------------|-------------------------------|
| 01-Dec-22 | 83.23                                | 96.72                         | 89.62                         |
| 02-Dec-22 | 82.45                                |                               |                               |
| 03-Dec-22 | *                                    |                               |                               |
| 04-Dec-22 | *                                    |                               |                               |
| 05-Dec-22 | 81.97                                |                               |                               |
| 06-Dec-22 | 78.58                                |                               |                               |
| 07-Dec-22 | 75.72                                |                               |                               |
| 08-Dec-22 | 73.86                                |                               |                               |
| 09-Dec-22 | 73.41                                |                               |                               |
| 10-Dec-22 | *                                    |                               |                               |
| 11-Dec-22 | *                                    |                               |                               |
| 12-Dec-22 | 73.5                                 |                               |                               |
| 13-Dec-22 | 76.79                                |                               |                               |
| 14-Dec-22 | 78.38                                |                               |                               |
| 15-Dec-22 | 78.82                                |                               |                               |
| 16-Dec-22 | 77.19                                |                               |                               |
| 17-Dec-22 | *                                    |                               |                               |
| 18-Dec-22 | *                                    |                               |                               |
| 19-Dec-22 | 76.72                                |                               |                               |
| 20-Dec-22 | 76.64                                |                               |                               |
| 21-Dec-22 | 77.77                                |                               |                               |
| 22-Dec-22 | 79.56                                |                               |                               |
| 23-Dec-22 | 78.99                                |                               |                               |
| 24-Dec-22 | *                                    |                               |                               |
| 25-Dec-22 | *                                    |                               |                               |
| 26-Dec-22 | *                                    |                               |                               |
| 27-Dec-22 | *                                    |                               |                               |
| 28-Dec-22 | 80.28                                |                               |                               |
| 29-Dec-22 | 78.78                                |                               |                               |
| 30-Dec-22 | 79.38                                |                               |                               |
| 31-Dec-22 | *                                    |                               |                               |
| 01-Jan-23 | *                                    |                               |                               |
| 02-Jan-23 | *                                    |                               |                               |
| 03-Jan-23 | 81.92                                |                               |                               |
| 04-Jan-23 | 76.71                                |                               |                               |
| 05-Jan-23 | 75.63                                |                               |                               |
| 06-Jan-23 | 75.77                                |                               |                               |
| 07-Jan-23 | *                                    |                               |                               |
| 08-Jan-23 | *                                    |                               |                               |
| 09-Jan-23 | 77.22                                |                               |                               |

| 10-Jan-23   | 76.57   | 96.72   | 89.62   |
|-------------|---------|---------|---------|
| 11-Jan-23   | 77.8    |         |         |
| 12-Jan-23   | 80.36   |         |         |
| 13-Jan-23   | 81.67   |         |         |
| 14-Jan-23   | *       |         |         |
| 15-Jan-23   | *       |         |         |
| 16-Jan-23   | 82.1    |         |         |
| 17-Jan-23   | 83.02   |         |         |
| 18-Jan-23   | 84.31   |         |         |
| 19-Jan-23   | 82.19   |         |         |
| 20-Jan-23   | 84.41   |         |         |
| 21-Jan-23   | *       |         |         |
| 22-Jan-23   | *       |         |         |
| 23-Jan-23   | *       |         |         |
| 24-Jan-23   | *       |         |         |
| 25-Jan-23   | 84.14   |         |         |
| 26-Jan-23   | 84.15   |         |         |
| 27-Jan-23   | 84.65   |         |         |
| 28-Jan-23   | *       |         |         |
| 29-Jan-23   | *       |         |         |
| 30-Jan-23   | 83.15   |         |         |
| 31-Jan-23   | 81.75   |         |         |

*Quotes not available

*****