Lok Sabha Question No. 2352 (UNSTARRED), answered on 2023-08-03
Subject: Revenue from Petroleum Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: K. Shanmuga Sundaram

## LOK SABHA UNSTARRED QUESTION NO. 2352 TO BE ANSWERED ON 03 AUGUST, 2023

## Revenue from Petroleum Products

## 2352. SHRI SHANMUGA SUNDARAM K.:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) whether the Union Government has earned more than Rupees twenty lakh crore through the sale of Petrol/Diesel/LPG during the last five years;
- (b)  if  so,  the  details  thereof  and  if  not,  the  actual  revenue  generated  thereon  during  the  said period, year-wise;
- (c) the measures taken to reduce the cess levied on the sale of Petrol/Diesel;
- (d) the details of the cess collected on the sale of Petrol/Diesel during the last five years; and
- (e) the details of the effective steps taken to provide relief to the common people of the country?

## 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 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.

Government  has  reduced  Central  Excise  duty  by  Rs.  13/  litre  and  Rs.  16/  litre  on  petrol  and diesel respectively in two tranches in November 2021 and May 2022. The excise duty reductions were fully passed on to consumers 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 contribution of petroleum sector to exchequer since 2018-19 are given below:

(Rs. in Crore)

|             |   Total Contribution to Central Exchequer |   Total Contribution to State Exchequer |   Total Contribution of Petroleum Sector to Exchequer |
|-------------|-------------------------------------------|-----------------------------------------|-------------------------------------------------------|
| 2018-19     |                                    348041 |                                  227591 |                                                575632 |
| 2019-20     |                                    334315 |                                  221056 |                                                555370 |
| 2020-21     |                                    455069 |                                  217650 |                                                672719 |
| 2021-22     |                                    492303 |                                  282122 |                                                774425 |
| 2022-23 (P) |                                    428067 |                                  320651 |                                                748718 |

The above is based on data provided to Petroleum Planning and Analysis Cell (PPAC) by 15 major oil & gas  companies.  The  amount  reported  by  the  companies  to  PPAC  is  the  consolidated  amount  of  all taxes/cess/ duties /GST etc. for crude oil and petroleum products. (P) - Provisional x-x-x-x-x