Lok Sabha Question No. 528 (UNSTARRED), answered on 2025-02-06
Subject: Price of Petrol, Diesel and CNG
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Shri Shafi Parambil

## LOK SABHA UNSTARRED QUESTION NO. 528 TO BE ANSWERED ON 06 FEBRUARY, 2025

Price of Petrol, Diesel and CNG

528. Shri Shafi Parambil:

## पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũी

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

- (a) the details of the price of petrol, diesel and CNG during the last ten years, starting from 2015, State-wise;
- (b) the reasons for the increase in the price of petroleum products in spite of decreased crude oil price in the international market; and
- (c) whether the Government is planning to control the prices of petrol, diesel and CNG and if so, the details thereof?

## ANSWER

## पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũालय मŐ राǛ मंũी ( ŵी सुरे श गोपी )

## MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI SURESH GOPI)

(a) to (c): Prices  of  petrol  and  diesel  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 in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements.

Domestically,  Petrol  and  Diesel  prices  have  come  down  to  Rs.  94.77  and  Rs.  87.67  per  litre respectively  (Delhi  prices) as  a result  of  various  steps  taken  by  Government  and  PSU  OMCs, Central Excise duty was reduced by the Central Government 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, which was fully passed on to consumers. Some State Governments also reduced state VAT rates to provide relief to citizens. In March, 2024, OMCs reduced the retail prices of petrol and diesel by Rs. 2 per litre each.

Recently PSU OMCs have carried out an intra-state freight rationalisation. This has benefitted consumers located at remote areas, far from Petroleum Oil & Lubricants (POL) Depots in the form of reduced Petrol and Diesel prices in remote parts within the states. This initiative has also reduced  the  difference  between  the  maximum  and  minimum  retail  prices  of  Petrol  or  Diesel within a state.

Government  of  India  also  took  several  other  steps  to  insulate  common  citizens  from  high international prices, which  included diversifying the crude import basket, invoking the provisions of Universal Service Obligation to ensure availability of petrol & diesel in domestic market, increasing the blending of ethanol in petrol, etc.

The  details  of  yearly  average  Retail  Selling  Prices  (RSP)  of  Petrol  and  Diesel  at  Delhi  since 2015-16 are given at Annexure-I.

Government has taken various steps, including increasing domestic gas allocation to CNG (T) and PNG (D) segments of CGD sector, diverting domestic gas from power and other nonpriority sectors to meet the requirement for CNG(Transport) and PNG(Domestic) segments.

Further, Government has also approved the revised domestic natural gas pricing guidelines vide gazette notification dated 07.04.2023 for gas produced from nomination fields of ONGC/OIL, New  Exploration  Licensing  Policy  (NELP)  blocks  and  pre-NELP  blocks,  where  Production Sharing Contract (PSC) provides for Government's approval of prices. The price of such natural gas  shall  be  10%  of  the  monthly  average  of  Indian  Crude  Basket  and  shall  be  notified  on  a monthly  basis.  For  the  gas  produced  by  ONGC  &  OIL  from  their  nomination  blocks,  the Administered  Price  Mechanism  (APM)  price  shall  be  subject  to  a  floor  and  a  ceiling.  The reforms have led to significant decrease in prices of Piped Natural Gas (PNG) for households and Compressed Natural Gas (CNG) for transport.

However, the  retail  prices  of  Compressed  Natural  Gas  (CNG)  in  any  location  is  fixed  by  the authorised City Gas Distribution (CGD) entity after considering cost of gas procured, State taxes, tariff and other components. Price of CNG along with date of price revision for Delhi since May 2014 is at Annexure-II

*****

Annexure-I Annexure referred to in  reply  to  Lok  Sabha Unstarred  Question  No.  528  asked  by  Shri

Shafi Parambil to be answered on 06.02.2025 regarding 'Price of Petrol, Diesel and CNG'. Yearly average Retail Selling Prices (RSP) of Petrol and Diesel at Delhi (Rs./Ltr)

| Year                      |   Average RSP of Petrol |   Average RSP of Diesel |
|---------------------------|-------------------------|-------------------------|
| 2015-16                   |                   61.59 |                   47.01 |
| 2016-17                   |                   64.61 |                   53.24 |
| 2017-18                   |                   69.2  |                   58.78 |
| 2018-19                   |                   75.37 |                   68.22 |
| 2019-20                   |                   72.69 |                   65.78 |
| 2020-21                   |                   80.84 |                   73.58 |
| 2021-22                   |                   98.05 |                   87.42 |
| 2022-23                   |                   97.9  |                   90.58 |
| 2023-24                   |                   96.63 |                   89.53 |
| 2024-25 (Till 30.01.2025) |                   94.73 |                   87.63 |

Source: Petroleum Planning & Analysis Cell (PPAC)

## Annexure-II

Annexure referred to in  reply  to  Lok  Sabha Unstarred  Question  No.  528  asked  by  Shri Shafi Parambil to be answered on 06.02.2025 regarding 'Price of Petrol, Diesel and CNG'.

Prices of CNG at Delhi

| Date Effective from   |   CNG Price |
|-----------------------|-------------|
| 02.04.2015            |       37.55 |
| 16.05.2015            |       38    |
| 02.10.2015            |       37.2  |
| 02.04.2016            |       36.6  |
| 02.07.2016            |       36.85 |
| 02.10.2016            |       35.45 |
| 03.12.2016            |       37.3  |
| 17.05.2017            |       37.65 |
| 26.07.2017            |       38.76 |
| 03.10.2017            |       39.71 |
| 02.04.2018            |       40.61 |
| 29.05.2018            |       41.97 |
| 02.09.2018            |       42.6  |
| 01.10.2018            |       44.3  |
| 18.11.2018            |       44.7  |
| 04.04.2019            |       45.7  |
| 03.07.2019            |       46.6  |
| 01.09.2019            |       47.1  |
| 03.10.2019            |       45.2  |
| 03.04.2020            |       42    |
| 02.06.2020            |       43    |
| 10.07.2020            |       43.8  |
| 05.08.2020            |       44.23 |
| 04.10.2020            |       42.7  |
| 02.03.2021            |       43.4  |
| 08.07.2021            |       44.3  |
| 29.08.2021            |       45.2  |
| 02.10.2021            |       47.48 |
| 13.10.2021            |       49.76 |

(Rs./Kg)

| Date Effective from   |   CNG Price |
|-----------------------|-------------|
| 14.11.2021            |       52.04 |
| 04.12.2021            |       53.04 |
| 12.01.2022            |       53.53 |
| 15.01.2022            |       54.02 |
| 24.01.2022            |       54.51 |
| 29.01.2022            |       55.01 |
| 12.02.2022            |       55.51 |
| 16.02.2022            |       56.01 |
| 19.02.2022            |       56.51 |
| 23.02.2022            |       57.01 |
| 08.03.2022            |       57.51 |
| 12.03.2022            |       58.01 |
| 24.03.2022            |       59.01 |
| 26.03.2022            |       60.01 |
| 01.04.2022            |       60.81 |
| 02.04.2022            |       61.61 |
| 04.04.2022            |       64.11 |
| 06.04.2022            |       66.61 |
| 07.04.2022            |       69.11 |
| 14.04.2022            |       71.61 |
| 15.05.2022            |       73.61 |
| 21.05.2022            |       75.61 |
| 08.10.2022            |       78.61 |
| 17.12.2022            |       79.56 |
| 09.04.2023            |       73.59 |
| 23.08.2023            |       74.59 |
| 14.12.2023            |       76.59 |
| 07.03.2024            |       74.09 |
| 22.06.2024            |       75.09 |

Source: Petroleum Planning & Analysis Cell (PPAC)