Hike in Price of Petrol and Diesel

3879.   SHRI PRADYUT BORDOLOI: SHRI GAURAV GOGOI:

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

(a) the details of every hike in prices of petrol and diesel since 2014 along with corresponding prices of international crude oil for those dates;

(b) the details of total tax revenues generated from excise duties on petroleum, diesel and other petroleum products since 2014, year-wise; and

(c) whether the Government has initiated negotiations with the States after its claims  of waiting on approval from the States for the imposition of GST on petroleum products and if so, the details thereof?

(a) to (c):   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 Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel. Effective 16 June, 2017, daily pricing of petrol and diesel has been implemented in the entire country. The details of daily prices of petrol and diesel are available at www.ppac.gov.in. Public Sector Oil Marketing Companies (OMCs) have not increased prices of  petrol and

diesel since 6th April 2022.

Year	Average Indian Basket (USD/Barrel)
2014-15	84.16
2015-16	46.17
2016-17	47.56
2017-18	56.43
2018-19	69.88
2019-20	60.47
2020-21	44.82
2021-22	79.18
2022-23 (Till 17.03.2023)	93.90

Source: Petroleum Planning and Analysis Cell

The crude oil price in USD/Barrel terms does not reflect the depreciation of INR/USD exchange rate.

 

(Rs. in Crore)

Year	Contribution to Central Exchequer from excise duty on petroleum products
2014-15	99,068
2015-16	1,78,477
2016-17	2,42,691
2017-18	2,29,716
2018-19	2,14,369
2019-20	2,23,057
2020-21	3,72,970
2021-22	3,63,305
2022-23 (P) (April-Dec 2022)	2,03,171

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