Lok Sabha Question No. 4474 (UNSTARRED), answered on 2026-03-19
Subject: Retail Prices of Petrol and Diesel
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Km. Sudha R

4474.  KM. SUDHA R:

## LOK SABHA UNSTARRED QUESTION NO. 4474 TO BE ANSWERED ON 19 MARCH, 2026

## Retail Prices of Petrol and Diesel

## पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũी

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

- (a) the break-up of production cost, taxes and cesses leading to the final fixation of retail prices of Petrol, Diesel and Aviation Fuel per litre in the country;
- (b) the percentage share of crude oil imported by India from different countries since the year 2020, year-wise and country-wise;
- (c)  whether  the  Government  proposes  to  reduce  the  retail  prices  of  Petrol  and  Diesel  in  the country and if so, the details thereof;
- (d) the details of the number of Public Sector Oil Companies involved in the retail vending of Petrol and Diesel in the country; and
- (e) the details of the profits earned by each of the Public Sector Oil Companies involved in the retail vending of Petrol and Diesel since the year 2020, year-wise?

## 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): Refining of crude oil is a process industry in which crude oil constitutes around 90% of the  total  cost.  The  crude  is  processed  through  several  interconnected  units  that  produce intermediate  streams  requiring  further  reprocessing  and  blending.  Due  to  this  integrated processing  configuration,  the  overall  production  cost  is  shared  and  spread  across  multiple petroleum products, making product-wise cost allocation not feasible.

Petrol and Diesel: The details of price build-up of petrol and diesel in Delhi as on 12.03.2026 are given below:

(Rs./Litre)

| Elements                                      |   Petrol |   Diesel |
|-----------------------------------------------|----------|----------|
| Price charged to Dealers (excluding VAT)      |    74.97 |    71.81 |
| Add: Dealer Commission (Average)              |     4.4  |     3.03 |
| Add: VAT (including VAT on Dealer Commission) |    15.4  |    12.83 |
| Excise Duty                                   |    21.9  |    17.8  |
| RSP (Rounded)                                 |    94.77 |    87.67 |

Source: IOCL

Aviation Turbine Fuel (ATF): Excise duty is levied at 11% on ATF. However, Excise Duty is 2%  in  place  of  11%,  for  supply  to  Scheduled  Commuter  Airlines  (SCA)  from  the  regional connectivity scheme (RCS) airports.

The details of VAT/ Sales tax Rates on Aviation Turbine Fuel (ATF) as on 01.03.2026 are given at Annexure.

- (b): The quantity of crude oil imported by India since 2020-21 is given below:
- (c): Prices  of  petrol,  diesel  and  Aviation  Turbine  Fuel  (ATF)  in  the  country  are  marketdetermined and the Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel.

| Year              |   Quantity (MMT) |
|-------------------|------------------|
| 2020-21           |            196.5 |
| 2021-22           |            212.4 |
| 2022-23           |            232.7 |
| 2023-24           |            234.3 |
| 2024-25           |            243.2 |
| 2025-26 (Apr-Jan) |            206.3 |

Source: Petroleum Planning and Analysis Cell (PPAC)

Government  makes  fiscal  interventions  whenever  necessary  to  calibrate  the  tax  structure applicable  for  petroleum  products.  Excise  duty  cuts  by  the  Central  Government  and  VAT reductions by some States provided relief to consumers, while the excise duty increase in April 2025 was absorbed by PSU OMCs without being passed on to consumers.

- (d) & (e): Following Public Sector enterprises are involved in the marketing of petrol and diesel in the country:
1. Indian Oil Corporation Limited (IOCL)
2. Bharat Petroleum Corporation Limited (BPCL)
3. Hindustan Petroleum Corporation Limited (HPCL)
4. Mangalore Refinery and Petrochemicals Limited (MRPL)
5. Assam Gas Company Limited (AGCL)

The details of Standalone Profit After Tax (PAT) / loss of the above mentioned companies, since 2020-21 are given below:

(Rs. in Crore)

| Companies   | IOCL   | BPCL   | HPCL    | MRPL   |   AGCL |
|-------------|--------|--------|---------|--------|--------|
| 2020-21     | 21,836 | 19,042 | 10,664  | (240)  |  64.68 |
| 2021-22     | 24,184 | 11,363 | 6,383   | 2,955  |  48.93 |
| 2022-23     | 8,242  | 1,870  | (8,974) | 2,638  |   2.75 |
| 2023-24     | 39,619 | 26,674 | 14,694  | 3,596  |  17.19 |
| 2024-25     | 12,962 | 13,275 | 7,365   | 51     |  22.26 |

Source: Petroleum Planning and Analysis Cell (PPAC)

*****

Annexure referred to in reply to Lok Sabha Unstarred Question No. 4474 asked by Km. Sudha R. to be answered on 19.03.2026 regarding 'Retail Prices of Petrol and Diesel'.

VAT/ Sales tax Rates on Aviation Turbine Fuel (ATF) as on 01.03.2026

| State                             | VAT / Sales Tax Rate                                                                                                                                                                                                                                      |
|-----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Bihar                             | 4%                                                                                                                                                                                                                                                        |
| Jharkhand                         | 12%                                                                                                                                                                                                                                                       |
| Delhi                             | 25.00%                                                                                                                                                                                                                                                    |
| Haryana                           | 20% + 5% surcharge on tax; {1% when ATF sold to the dealer engaged in MROand air adventure activities. 1% when ATF is sold to All Passenger Flights at all airports.                                                                                      |
| Gujarat                           | 5.00%                                                                                                                                                                                                                                                     |
| Dadra Nagar Haveli and Daman &Diu | 3.00%                                                                                                                                                                                                                                                     |
| Arunachal Pradesh                 | 1.00%                                                                                                                                                                                                                                                     |
| Assam                             | 18.65%                                                                                                                                                                                                                                                    |
| Manipur                           | 1.00%                                                                                                                                                                                                                                                     |
| Meghalaya                         | 0.00%                                                                                                                                                                                                                                                     |
| Mizoram                           | 1.00%                                                                                                                                                                                                                                                     |
| Nagaland                          | 1.00%                                                                                                                                                                                                                                                     |
| Tripura                           | 1.00%                                                                                                                                                                                                                                                     |
| Karnataka                         | 18.00%                                                                                                                                                                                                                                                    |
| Kerala                            | Sales Tax 5%, (Supplies to UTL- 4%)+ 1% Cess on Tax Trivandrum Airport - Tax 1% + 1% Cess - For 10 Yrs Nedumbassery (CIAL) - Tax 1% + 1% Cess - For 10 Yrs Kannur Airport - Tax 1% + 1% Cess - For 10 Yrs Calicut Airport - Tax 1% + 1% Cess - For 10 Yrs |
| Lakshadweep                       | 10.00%                                                                                                                                                                                                                                                    |
| Chhattisgarh                      | 4%                                                                                                                                                                                                                                                        |
| Madhya Pradesh                    | 4.00%                                                                                                                                                                                                                                                     |
| Goa                               | 15%+Goa Green Cess- 0.50%                                                                                                                                                                                                                                 |
| Maharashtra                       | Mumbai - 18.00% Pune - 18.00% Raigad - 18.00%                                                                                                                                                                                                             |
| Odisha                            | 5.00%                                                                                                                                                                                                                                                     |
| Chandigarh                        | 20.00% (MST:-Rs 10/- PER KL)                                                                                                                                                                                                                              |
| Himachal Pradesh                  | 17.5 %or Rs 13.5 per liter whichever is greater for defence and 2% for scheduled Airlines &non scheduled airlines                                                                                                                                         |
| Jammu and Kashmir                 | 5%                                                                                                                                                                                                                                                        |
| Ladakh                            | MST 1 %FOR CIVIL FLIGHTS 26.25 %FOR DEFENCE ANDOTHERS                                                                                                                                                                                                     |
| Punjab                            | (a) 4% plus 10% surcharge on tax- when sold at airports in Punjab to scheduled and non-scheduled airlines carrying passengers. (b) for others residual rate is @13% plus surcharge on tax- 10%                                                            |

| State                    | VAT / Sales Tax Rate                                                                                                                                                                                                           |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Rajasthan                | A) 26% , B) 2 %when sale of Aviation Turbine Fuel (ATF) by a registered dealer to any airline which operates commercial flights in and/or from the State of Rajasthan C) 2% when sales of ATF to Flying Training Organisations |
| Andhra Pradesh           | 1.00%                                                                                                                                                                                                                          |
| Telangana                | 16.00%                                                                                                                                                                                                                         |
| Puducherry               | 14.50%                                                                                                                                                                                                                         |
| Tamil Nadu               | 29%,Concessional rate is applicable on following supplies 1) International airline -0% 2) Govt Dept-5% 3) Designated Indian Carrier-0%                                                                                         |
| Uttar Pradesh            | 1.00%                                                                                                                                                                                                                          |
| Uttarakhand              | 2.00%                                                                                                                                                                                                                          |
| Andaman &Nicobar Islands | 1.00%                                                                                                                                                                                                                          |
| Sikkim                   | 1.00%                                                                                                                                                                                                                          |
| West Bengal              | 20%+ Additional Tax on tax- 20% Andal &Coochbehar Airport - Scheduled Airline- Nil. Bagdogra Airport - Scheduled Airline-12.5% + 20% Add. Tax on tax.                                                                          |

Source: Petroleum Planning and Analysis Cell (PPAC)