Question : Increasing Price of Diesel and Petrol

(a) whether the Government is aware that the price of petrol and diesel are increasing on daily basis;
(b) if so, the details of the number of times the Government has increased the prices of petrol, diesel and domestic LPG cylinder during the last two years, year-wise;
(c) the details of the amount collected by the Union Government by levying excise duty on petroleum products during the last five years, year-wise; and
(d) whether the Government is considering to reduce the excise duty on petroleum products to give relief to common people of the country and if so, the details thereof?

MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS
(SHRI RAMESWAR TELI)

(a): Prices of petrol and diesel have been made 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 international product prices and other market conditions. The OMCs have not only increased but also decreased the prices of petrol and diesel in line with changes in international prices and rupee dollar exchange rate.
Public Sector OMCs have implemented daily revision of retail selling price (RSP) of petrol and diesel in the entire country with effect from 16th June, 2017. Daily pricing has been introduced to bring more transparency and efficiency in pricing to benefit consumers.
(b): The details of number of times the prices of petrol, diesel and domestic LPG cylinder at Delhi has increased/decreased during the last two years and current year is given as Annexure.
(c): The details of the amount collected by the Union Government by levying excise duty on petroleum products during the last five years and current year are given as under:
Rs./Crores
Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 Apr.-Sep. 2021-22
Excise Duty 2,42,691 2,29,716 2,14,369 2,23,057 3,72,970 1,70,894
Based on data from 16 major oil & gas companies
(d): The Central Government reduced the Central Excise duty on petrol and diesel by Rs. 5 and Rs. 10 per liter respectively effective from 4th November, 2021. 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. Many States/UTs have also reduced the VAT on petrol and diesel subsequently.
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