Lok Sabha Question No. 190 (STARRED), answered on 2021-03-08
Subject: Prices of Crude Oil and Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Sougata Ray

## LOK SABHA

## STARRED QUESTION NO. 190 TO BE ANSWERED ON 8 TH  MARCH, 2021

## Prices of Crude Oil and Petroleum Products

## *190. PROF. SAUGATA RAY:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) the average import price of crude oil per barrel since the last three years;
- (b) the average prices of petroleum products like petrol, diesel and LPG of the last three years, monthwise;
- (c) the reasons for the huge gap of prices of the said petroleum products;
- (d) the net profit of petroleum companies since the last three years, year-wise; and
- (e) the reasons for not including petroleum products under GST?

## ANSWER

## पेोलयम और ाक ृतक गैस मंी ( ी धम धान ) MINISTER OF PETROLEUM AND NATURAL GAS

## (SHRI DHARMENDRA PRADHAN)

- (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. 190 asked by Prof. Saugata Ray to be answered on 8 th March, 2021 regarding 'Prices of Crude Oil and Petroleum Products'.

- (a): The average import price of Indian Basket of crude oil per barrel during the last three years is as under:-

($/bbl)

| Year    |   Average crude oil price (Indian Basket) |
|---------|-------------------------------------------|
| 2017-18 |                                     56.43 |
| 2018-19 |                                     69.88 |
| 2019-20 |                                     60.47 |

- (b) & (c): The average monthly retail selling price of petrol & diesel and Domestic LPG (at Delhi) for the last three years is given as at Annexure-I & II respectively .

Prices of petrol and diesel have been made market-determined by the Government 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 in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements. The prices of petroleum products in the country are linked to the price of respective products in the international market. However, the Government continues to modulate the effective price to consumer for Subsidized Domestic LPG.

- (d): The year-wise details of profit earned after tax (PAT) by  CPSEs under the Ministry of Petroleum and Natural Gas during last three years as under:-

| Profit After Tax earned by CPSEs under MoPNG (Value in ₹ crore)   | 2017-18 69562   | 2018-19 69714   | 2019-20 (P) 26941   |
|-------------------------------------------------------------------|-----------------|-----------------|---------------------|

Sources:ONGC, OVL, OIL, GAIL, IOCL, BPCL, HPCL, CPCL, MRPL, NRL, EIL & BLL

- (e): Article 279A (5) of the Constitution provides that Goods and Services Tax Council shall recommend  the  date  on  which  goods  and  services  tax  shall  be  levied  on  petroleum  items including natural gas and Aviation Turbine Fuel. Thus while, petroleum products are constitutionally  included  under  GST,  the  date  and  rate  of  GST  which  shall  be  levied  on  such goods, shall be as per the decision of the GST Council, which has representations of Ministersin-charge  of  Finance  or  Taxation  or  any  other  Minister  nominated  by  each  of  the  States  and Union Territories with legislature.

Statement referred to in reply to parts (b) & (c) of Lok Sabha Starred Question No. 190 asked by Prof. Saugata Ray to be answered on 8 th March, 2021 regarding 'Prices of Crude Oil and Petroleum Products'.

| Month   | Petrol    | Diesel    |
|---------|-----------|-----------|
|         | Rs./Litre | Rs./Litre |
| Jan-18  | 71.38     | 61.89     |
| Feb-18  | 72.52     | 63.20     |
| Mar-18  | 72.44     | 63.06     |
| Apr-18  | 74.16     | 65.26     |
| May-18  | 75.92     | 67.14     |
| Jun-18  | 76.60     | 68.03     |
| Jul-18  | 76.30     | 67.96     |
| Aug-18  | 77.33     | 68.87     |
| Sep-18  | 81.38     | 73.12     |
| Oct-18  | 81.92     | 74.70     |
| Nov-18  | 76.77     | 71.54     |
| Dec-18  | 70.47     | 64.73     |
| Jan-19  | 70.02     | 64.27     |
| Feb-19  | 70.83     | 66.01     |
| Mar-19  | 72.54     | 67.01     |
| Apr-19  | 72.93     | 66.31     |
| May-19  | 71.94     | 66.38     |
| Jun-19  | 70.42     | 64.43     |
| Jul-19  | 72.71     | 65.96     |
| Aug-19  | 72.10     | 65.49     |
| Sep-19  | 72.71     | 65.93     |
| Oct-19  | 73.46     | 66.48     |
| Nov-19  | 73.69     | 65.79     |
| Dec-19  | 74.81     | 66.41     |
| Jan-20  | 75.01     | 68.14     |
| Feb-20  | 72.23     | 65.07     |
| Mar-20  | 70.15     | 62.84     |
| Apr-20  | 69.59     | 62.29     |
| May-20  | 71.04     | 68.47     |
| Jun-20  | 76.10     | 74.91     |
| Jul-20  | 80.43     | 80.97     |
| Aug-20  | 80.95     | 73.56     |
| Sep-20  | 81.56     | 72.26     |
| Oct-20  | 81.06     | 70.46     |
| Nov-20  | 81.31     | 70.86     |
| Dec-20  | 83.54     | 73.70     |
| Jan-21  | 84.89     | 75.07     |
| Feb-21  | 88.64     | 78.93     |

Annexure--II Statement referred to in reply to parts (b) & (c) of Lok Sabha Starred Question No. 190 asked by Prof. Saugata Ray to be answered on 8 th March, 2021 regarding 'Prices of Crude Oil and Petroleum Products'.

## Rs./14.2 Kg Cylinder

| Date       |   Non-subsidized# |
|------------|-------------------|
| 01.01.2018 |             741   |
| 01.02.2018 |             736   |
| 01.03.2018 |             689   |
| 01.04.2018 |             653.5 |
| 01.05.2018 |             650.5 |
| 01.06.2018 |             698.5 |
| 01.07.2018 |             754   |
| 01.08.2018 |             789.5 |
| 01.09.2018 |             820   |
| 01.10.2018 |             879   |
| 01.11.2018 |             939   |
| 07.11.2018 |             942.5 |
| 01.12.2018 |             809.5 |
| 01.01.2019 |             689   |
| 01.02.2019 |             659   |
| 01.03.2019 |             701.5 |
| 01.04.2019 |             706.5 |
| 01.05.2019 |             712.5 |
| 01.06.2019 |             737.5 |
| 01.07.2019 |             637   |
| 01.08.2019 |             574.5 |
| 01.09.2019 |             590   |
| 01.10.2019 |             605   |
| 01.11.2019 |             681.5 |
| 01.12.2019 |             695   |
| 01.01.2020 |             714   |
| 01.02.2020 |             714   |
| 12.02.2020 |             858.5 |
| 01.03.2020 |             805.5 |
| 01.04.2020 |             744   |
| 01.05.2020 |             581.5 |
| 01.06.2020 |             593   |
| 01.07.2020 |             594   |

| Date       |   Non-subsidized# |
|------------|-------------------|
| 02.12.2020 |               644 |
| 15.12.2020 |               694 |
| 04.02.2021 |               719 |
| 15.02.2021 |               769 |
| 25.02.2021 |               794 |
| 01.03.2021 |               819 |

# Retail Selling Price at Delhi