(a) the details of the increase in the prices of crude oil in the international market during the last three years;
(b) whether the Government is likely to consider to reduce various taxes in order to reduce the impact of increase in curde oil prices on domestic consumers in the international market if so, the details thereof; and
(c) the details of increase and reduction in various taxes per litre on petrol, diesel, cooking gas and CNG separately during the last three years?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS
(SHRI RAMESWAR TELI)
(a): The average price of Indian basket of Crude oil during the last three years is given below:
Year Crude oil price ($/bbl)
2018-19 69.88
2019-20 60.47
2020-21 44.82
2021-22 (till 16th March, 2022) 75.71
(b): 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. The Central Government reduced the Central Excise duty on petrol and diesel by Rs. 5 and Rs. 10 per litre respectively effective from 4 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. Following this reduction in Central Excise duty, many States/UTs have also reduced the VAT on petrol and diesel subsequently.
(c): The details of various taxes on petrol, diesel, LPG and CNG for the last three years are given below:
Period Total Central Excise duty (Rs/litre) Central Excise Duty (percentage) GST
(percentage)
w.e.f. 01.07.2017
Petrol Diesel CNG LPG
W.e.f.
01.04.2018 19.48 15.33 14% 5%
W.e.f.
05.10.2018 17.98 13.83
W.e.f.
06.07.2019 19.98 15.83
W.e.f.
14.03.2020 22.98 18.83
W.e.f.
06.05.2020 32.98 31.83
W.e.f.
02.02.2021 32.90 31.80
w.e.f.
04.11.2021 27.90 21.80
Period Total Customs duty
Petrol Diesel LPG
As on
01.04.2018 2.5% plus 3% social welfare surcharge 2.5% plus 3% social welfare surcharge NIL
02.02.2021 2.5% plus 10% social welfare surcharge 2.5% plus 10% social welfare surcharge
The State wise actual rates of VAT on petrol, diesel and CNG for the last three years are given at Annexure. State Governments charge VAT on the central excise duty component also, apart from other cost elements of the fuels.
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