Lok Sabha Question No. 38 (UNSTARRED), answered on 2026-01-29
Subject: Prices of Petroleum and Natural Gas Products
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Shri Anand Bhadauria, Shri Dharmendra Yadav

## LOK SABHA

## UNSTARRED QUESTION NO - 38

TO BE ANSWERED ON 29 th  JANUARY, 2026

## PRICES OF PETROLEUM AND NATURAL GAS PRODUCTS

† 38. SHRI  DHARMENDRA YADAV :

SHRI  ANAND BHADAURIA:

पेट Ō ोिलयम और Ůाक ृ ितक गैस मंũी

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

- (a) whether India's petroleum and natural gas import bill has decreased during the period from April to November (FY 2025-26), despite increased volumes, due to a significant drop in  global  oiland  gas prices and if so, the details thereof;
- (b) whether the crude oil volumes increased by about 2.4 percent while the total bill reduced by more than twelve percent;
- (c) if so, the details thereof, petroleum product-wise since 1st April 2025 to till date;
- (d)  whether  the  Government  is  likely  to  pass  on  the  benefits  of  lower  global  and  import  prices  to Indian consumers; and
- (e) if so, the details thereof and if not, the reasons therefor?

ANSWER

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

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

- (a) & (b)  India's  i  mport  Bill  for  oil  and  gas  during  the  period  April-November  (FY  2025-26) increased  by  2.5%  in  volume  terms  with  respect  to  the  same  period  inthe  last  financial  year, whereas in value terms (in US$ Million), it decreased by ~12%.
- (c)  Based on the DGCIS and Oil & Gas Companies, the details of petroleum product-wise imports during period of April-November 2025 are as below: -

| Products       |   Quantity (MMT) |   Value (Million USD) |
|----------------|------------------|-----------------------|
| LPG            |            14614 |                  7780 |
| BITUMEN        |             1854 |                   719 |
| FUEL OIL       |             4029 |                  1597 |
| HSD/ GASOIL    |               18 |                    16 |
| LOBS/ LUBE OIL |             2126 |                  1841 |
| Naphtha        |              792 |                   459 |
| OTHERS         |             1885 |                  1132 |
| PETCOKE        |             8352 |                  1118 |
| Grand Total    |            33670 |                 14661 |

(d)  to  (e)  Prices  of  Petrol  and  Diesel  are  market  determined  and  Public  Sector  Oil  Marketing Companies (OMCs) take decisions on their pricing based on various factors, which include crude oil prices, international product prices, exchange rates, tax structures, inland freight, insurance etc. Government of India took several other steps to insulate common citizens from high international prices, which included diversifying the crude import basket, windfall taxes on export of petroleum products, invoking the provisions of Universal Service Obligation to ensure availability of petrol & diesel in domestic market, increasing the blending of ethanol in petrol,etc. 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 orDiesel within a state.

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