petroleum prices

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REFERENCE NOTE . No.7/RN/Ref./2013

For the use of Members of Parliament Not for Publication

Petroleum Prices

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note/collection.

Petroleum Prices Introduction

Efficient and reliable energy supplies are a pre-condition for accelerating the growth

of the Indian economy. While the energy needs of the country especially oil and natural

gas are going to increase at a rapid rate in coming decades, whereas the indigenously

available energy resources are limited. These resources may not be sufficient in the long

run to sustain the process of economic development1. The combined share of oil and

natural gas constitute around 25 per cent of total energy consumption in 2011-12. At the

same time, the dependence on imports of petroleum and petroleum products continues to

be around 80 per cent of total oil consumption in the country.

Petroleum Industry: An Overview

Crude oil production during 2011-12 upto December 2011 was about 28,699 Million

Metric Tones (MMT) and Natural Gas Production for the same period was about 36.197

Billion Cubic Metre (BCM). Table 1 at Annexure shows year-wise production of crude oil

and natural gas from 2004-05 to 2011-12 (April-December 2011). During the year 2011-

2012, till December 2011, production of petroleum products from crude oil and natural gas

was 147.204 MMT which is about 5 per cent higher than that produced during the same

period in 2010-2011. Whereas during 2011-2012, till December 2011, consumption of

petroleum products in terms of domestic sale was 109.53 MMT which is 4 per cent higher

than that consumed during same period in 2010-2011. Table 2 and 3 at Annexure show

the year-wise production and consumption of petroleum products during the period 2004-

05 to 2011-12 (upto April-December 2011).

It may be observed that both production and consumption of petroleum products

have marked upward trend since 2004-05. During April December 2011, the import of

crude oil was 125.59 MMT valued at Rs. 4,69,994 crore. While during the same period in

2010-11, the imports were 121.49 MMT valued at Rs. 3,16,443 crore, thus an increase of

about 4 per cent in terms of quantity and 48.5 per cent in value terms during 2011-12

(upto December 2011) over the same period in the preceding year.

The quantity of petroleum products imported during 2011-2012, upto December

2011 was 11.26 MMT valued at Rs. 35,131 crore. While during the same period in 2010-

1 Annual Report, Ministry of Petroleum and Natural Gas, 2011-12, pp. 4-5

-2-

11 imports of these products were 12.95 MMT valued at Rs. 39.275 crore, which shows

during 2011-2012 (upto December 2011), imports of petroleum products decreased by

13.06 per cent in terms of quantity and 10.55 per cent in terms of value as compared to

the same period during the previous year. During 2011-12 (upto December 2011), a total

of 46,220 MMT of petroleum products, valued at Rs. 1,99,932 crore were exported.

During the same period in 2010-11, exports of these products were 43.268 MMT valued at

Rs. 1,33,236 crore. Exports of petroleum products during 2011-12 up to December 2011

were higher by 6.8 per cent in terms of quantity and 50.06 per cent higher in terms of

value as compared to the same period in the previous year. Year-wise and product-wise

details of import/export of crude oil and petroleum products are given in Table 4 at

Annexure.

The current refining capacity is 193.386 MMT out of which 116.886 MMT is in the

pubic sector, 6 MMT in joint venture and the balance 70.50 MMT is in private sector.

Availability of petroleum products during 2011-2012 was more than the domestic demand

on overall basis except for Liquefied Petroleum Gas (LPG). In fact, India is a net exporter

of petroleum products and products like Naphtha, Petrol, Diesel and Aviation Turbine Fuel

(ATF) etc. were exported during the year2.

Determination of Petroleum Prices As far as the prices of petroleum products are concerned, there are a number of

factors responsible for influencing petroleum prices like - cost of crude oil, demand and

supply imbalances, taxes and duties on petroleum products and market conditions,

production and consumption of petroleum products, petroleum reserves, imports of

petroleum products, international prices of petroleum products, subsidy on petroleum

products, and locational effects, etc.

Governments Intervention in Petroleum Price Determination The reasons for Governments intervention are: to protect consumers, to provide

merit goods to consumers such as clean cooking fuels like natural gas , LPG and

kerosene to replace use of biomass-based fuels such as firewood and dung, to insulate

the domestic economy from the volatility of petroleum prices in the world market, and for

keeping domestic oil firms viable and in good financial health and providing an 2 Ibid, pp. 5-6

-3-

environment in which they can grow, to have an efficient and competitive oil economy that

promotes efficient use by consumers , appropriate choice of fuels among substitutes and

a proper choice of technique.

The prices of crude oil and petroleum products in the international market fluctuate

on daily basis depending on several factors including demand and supply conditions in the

world. The International prices of crude oil and major petroleum products since 2009-10 is

given below:

International Prices of Crude Oil and Major Petroleum Products

Source: Annual Report, Ministry of Petroleum and Natural Gas, 2011-12

As India imports about 80 per cent of its crude oil requirements, therefore the

international oil prices necessarily have a bearing on the domestic prices of petroleum

products. Whereas the government does not have any control on the international prices

of crude oil and petroleum products. However, in spite of the rising international oil prices,

the domestic retail selling prices of sensitive petroleum products, such as Diesel, Public

Distribution System (PDS) kerosene and Domestic LPG in India are continuously being

maintained at lower levels.

In India, prices of Kerosene & LPG are lowest among the neighbouring countries,

whereas in case of Petrol & Diesel the prices are in line with other neighbouring countries.

The prices of sensitive petroleum products in India and its neighbouring countries are

given below:

-4-

Retail Selling Price of Petroleum in Neighbouring Countries

effective December 2012 (Rs./Litre/Cylinder)

Country Petrol Diesel Kerosene LPG (14.2 Kg)

(Rs. / Litre) (Rs. / Cylinder)

India (Delhi) 67.24 47.15 14.79 410.50

Pakistan 56.42 62.04 56.05 919.59

Bangladesh 61.10 40.82 40.82 533.21

Sri Lanka 62.93 51.15 44.62 1151.42

Nepal 77.79 60.41 60.41 911.86

Notes:

- Retail prices have been obtained from market sources except Pakistan. In case of Pakistan, the prices have been taken from the official website of Pakistan state oil.

Source : Petroleum Planning and Analysis Cell

Historical Perspective of Petroleum Pricing

The history of oil pricing can be traced back to the late 1920s when the private

companies were marketing imported products mainly kerosene. No authority either the

government or the companies enforced any artificial control on the prices.

Valued Stock Account

The first attempt to regulate the oil prices was based on Valued Stock Account

(VSA)3 procedure agreed to between the Government of India and Burmah Shell in 1948.

The VSA was based on import parity formula according to which the basic selling prices of

all the major petroleum products were determined as the sum of Free on Board(FOB)

price, ocean freight , insurance , ocean loss , import duty, interest and other charges as

well as 10 per cent remuneration. Burmah Shell as market price leader maintained

separate VSAs for each product.

In 1958, VSA was terminated following the decision of the Government that the

basis for pricing of petroleum products should be actual costs with some reasonable profit.

But the first systematic attempt to regulate the prices of petroleum products was based on

the recommendations of the Dalme Committee in 1961.

Various pricing committees appointed by the Government during the 1960s

including the Damle Committee (1961) and Talukdar Committee (1965) under the 3 Report of the Committee on Pricing and Taxation of Petroleum Products, February 2006, p. 31

-5-

Chairmanship of Shri K.R. Damle and Shri T.N. Talukdar, respectively advocated fixing of

prices of petroleum products on import parity basis as the bulk of the crude oil and the

major petroleum products were being imported into the country from West Asia. But, the

Shantilal Shah Committee (1969) which examined the whole issue , felt that the import

parity basis did not constitute the proper basis for fixation of the prices of petroleum

products as indigenous crude oil production and refining capacity had become a

considerable factor by that time.

Administered Pricing Mechanism

On 16 March 1974, the Government appointed Oil Prices Committee (OPC) under

the Chairmanship of Dr. K. S. Krishnaswamy. In November 1976 , the OPC recommended

discontinuance of the Import Parity Pricing System and also introduction of a pricing

system based on domestic cost of production. Their recommendations led to the dawn of

Administered Pricing Mechanism (APM)4. The system implemented by OPC

recommendations was later modified by the Oil Cost Review Committee (OCRC) in

1984. These modifications as approved by the Government allowed continuance of the

APM recommended by OPC.

The APM continued through the late 1970s, 1980s and mid- 1990s. But the

explosive growth in the late 1990s required the Government to call for funds from private

and international investors. The ability of the oil companies to generate investible

surpluses were reduced considerably by the APM which allowed returns of the

depreciated net fixed assets. Accordingly, the Government in 1995 set up an Industry

Study Group whose report formed the main input for the Strategic Planning Group on

Restructuring of the Indian Oil Industry5. The group found major deficiencies of APM in

making the domestic petroleum sector viable and globally competitive. According to the

group, APM could not generate sufficient financial resources for oil companies to make

the required investment for energy security. APM was finally dismantled in March 2002

and operationalization of market determined pricing mechanism was notified.

During April 2002 to January 2004 oil companies changed the domestic consumer

prices of Petrol and Diesel and Domestic LPG based on market factors. However,

Kerosene price was not changed. The period from 2004 to 2008 witnessed three distinct

4 Ibid

5 Ibid

-6-

policy phases to address oil price volatility: i. Price Band Mechanism6Under the

system, the government gave limited freedom to oil marketing companies to revise retail

prices within a band of +/-10 per cent of the mean of rolling average of last 12 months and

last 3 months of international Cost and Freight(C&F) prices. As oil prices rose sharply and

there was uncertainty in international oil markets, the Price Band Mechanism was

abandoned. ii. Trade Parity Pricing7 -- In October 2005, the Government constituted the

Rangarajan Committee which recommended a formula of Trade Parity Pricing (TPP) for

petrol and diesel at refinery level as well as at retail level. The formula was a weighted

average of import parity and export parity prices, in which the percentage share of import/

export of these products provided the weights in the ratio of 80:20.

The Government implemented switching over to TPP and rationalised taxes on

crude oil, petrol and diesel, but could not implement rationalization of subsidies and other

changes recommended by the committee. Even TPP was confined to the refinery level

and the retail prices of petrol, diesel, domestic LPG and PDS kerosene fixed by the

Government remained below their TPP levels.

As PSU Oil Marketing Companies (OMCs) kept selling these products below their

TPP-based costs, the Government devised a iii. Burden Sharing Mechanism8 to meet

OMCs under-recoveries. This mechanism involved PSU upstream oil companies which

extended hefty price discounts on their sale of crude oil to the OMCs, and the Government

which issued bonds every year. Continuance of such an arrangement became

unsustainable.

As international oil prices kept rising since June 2006, the Government did not

increase the retail prices of petrol and diesel till June 2008.As a result the under-

recoveries of PSU Oil Marketing Companies (OMCs) reached unsustainable levels in

2008. At that stage the Government appointed the Chaturvedi Committee to look into the

financial conditions of the companies, review the concept of under-recoveries and

examine the available options for burden sharing by all stakeholders. The Chaturvedi

Committee reiterated that as long as there are price restraints there will have to be a

formula. The pricing mechanism recommended by the Chaturvedi Committee was

primarily meant to address the financial challenges associated with very high and

6 Report of the Expert Group on A Viable and Sustainable System of Pricing of Petroleum Products,

February 2010 7 Ibid

8 Ibid

-7-

unsustainable level of under-recoveries of oil marketing companies who were not

permitted to pass the rise in oil prices on to the consumer prices.

Present Policy on pricing of Petroleum Products Expert Group on a Viable and Sustainable System of Pricing of Petroleum Products On 31 August 2009, the Government constituted an Expert Group under the

Chairmanship of Dr. Kirit S. Parikh to examine the current pricing policy of the four

sensitive petroleum products namely Petrol, Diesel, PDS Kerosene and Domestic LPG

and to advise on a viable and sustainable system of pricing petroleum products. Based on

the recommendations of the Expert Group9 and decisions taken in the meeting of the

Empowered Group on Ministers (EGoM), the Government decided that (i) the prices of

petrol both at the refinery gate and the retail level, will be made market determined

effective from 26 June 2010; (ii) the prices of diesel will .also be made market determined

both at the refinery gate and at the retail level. However at the initial stage the retail selling

price of diesel was increased by Rs. 2/litre at Delhi effective from 26 June 2010 with

corresponding increases in the rest of the country;(iii) the retail selling prices of PDS

Kerosene and Domestic LPG will be increased by Rs. 3/litre and Rs.35/cylinder effective

from 26 June 2010 at Delhi respectively with corresponding increases in the rest of the

country.

The primary objectives behind the pricing reforms undertaken by the Government

were: (i) the growing imperative for restoring fiscal balance of Governments budget; (ii)

the need for reducing the subsidy burden on certain petroleum products in order to

allocate more funds to social sector schemes; and (iii) improving the financial health of the

Public Sector Oil Marketing Companies who are instrumental in maintaining the countrys

energy sector.

Based on the recommendations of the Kirit Parikh Committee, the Government has

made the price of petrol market-determined both at the Refinery Gate and at the Retail

level effective from 26 June 2010. Since then, the Public Sector Oil Marketing Companies

take appropriate decisions on the pricing of petrol in line with the international prices and

market conditions. However, after implementation of the market determined pricing, the

OMCs have been making price revisions of petrol in a guarded manner and at times,

9 Annual Report, Ministry of Petroleum and Natural Gas, 2010-11

-8-

absorbing a part of under-recovery themselves. The Government continues to modulate

the Retail Selling Price (RSP) of Diesel, PDS Kerosene and Domestic LPG in order to

insulate the common man from the impact of rise in international oil prices and the

domestic inflationary conditions. Even after the recent increase in the price of Diesel with

effect from 14 September 2012, the OMCs are incurring under-recovery of Rs. 9.06 per

litre on Diesel, as per the Refinery Gate Price (RGP) effective 16 November 2012.

However, a cap of 6 cylinders per annum for each consumer has been introduced

with effect from 14 September 2012. The Government has also constituted a Task Force

in February, 2011 to recommend and implement a solution for direct transfer of subsidies

on Public Distribution System (PDS) Kerosene, Domestic LPG and Fertilizers to the

intended beneficiaries. The Interim Report of the Task Force envisages phase-wise

implementation of transfer of cash subsidy on Kerosene, LPG and Fertilizers. Based on

the RGP effective 1 November 2012 the OMCs are incurring under-recovery of Rs. 31.30

per litre on PDS Kerosene and Rs. 478.50 per 14.2 kg cylinder of subsidised Domestic

LPG10. The Fiscal Subsidy on PDS Kerosene and Domestic LPG under Subsidy Scheme,

2002 is given below:

Fiscal Subsidy on PDS Kerosene and Domestic LPG (under Subsidy Scheme, 2002)

(Rs. in crore)

Year 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

PDS Kerosene 2098 2657 1147 1057 970 978 974 956 931 863

Domestic LPG 2398 3635 1783 1605 1554 1663 1714 1814 1974 2137

Total 4496 6292 2930 2662 2524 2641 2688 2770 2904 3000

The year wise freight subsidy for far-flung areas under Freight Subsidy Scheme 2002 is as under :

Year 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

Total 62 59 26 21 25 28 22 22 22 23

Source: Petroleum Planning and Analysis Cell

The Retail Selling Price of Petrol in State capitals from April 2012- January 2013

and the Retail Selling Price of Petrol and other Petroleum Products like Diesel and

Domestic LPG in State Capitals are given in Table 5, 6 and 7 at Annexure respectively.

10

Answer to Unstarred Question No. 435 in the Lok Sabha on 23 November 2012

-9-

Table 8 at Annexure shows the Hike in Retail Selling Prices of Petroleum Products in

Delhi during the period April 2010 to November 2012.

Under-recoveries of PSU Oil Marketing Companies During the financial year 2011-12 (up to September 2011), the OMCs have incurred

a total under-recovery of 64900 crore as against a total under-recovery of 78190 crore

during 2010-11. This under-recovery has been partly compensated by the Government

and upstream oil companies under the burden sharing arrangement during 2010-11 and

April-September 2011 as given below11:

Under-recovery and Burden Sharing (Rs. Crore)

2010-11 April-Sept. 2011

Total Under recovery 78190 64900

Burden Sharing through:

Cash assistance by Government 41000 30000

Discount by the upstream companies 30297 21633

Balance under-recovery borne by OMCs 6893 13267


In view of the alarming situation arising out of projected massive under-recoveries

of the 0MCs during 2011-12, the Government had taken the following decisions with effect

from 25.6. 2011.

(i) Elimination of 5 per cent Customs Duty on Crude Oil and on petroleum products by 5

per cent.

(ii) Reduced Excise Duty on Diesel by Rs. 2.60 per litre.

(iii) Minimal price increase of Rs. 3 per litre on Diesel, Rs. 2 per litre on PDS Kerosene and Rs. 50 per 14.2 kg Domestic LPG cylinder excluding State levies.

Changes in Central Taxes on Petroleum Products

The Government has taken a number of measures to rationalize taxes and duties

on petrol and diesel to keep the consumer prices of these sensitive petroleum products

11

op.cit., Annual Report, 2011-12, p. 133

-10-

within reasonable limits. The details of rationalization in duties on sensitive petroleum

products during the recent past are given below12:

Changes in Customs Duty rates since 1 April' 2002 (in per cent)

Date Crude Petrol Diesel PDS Kerosene LPG

01/04/2002 10 20 20 10 10

19/08/2004 10 15 15 5 5

01/03/2005 5 10 10 Nil Nil

14/06/2006 5 7.5 7.5 Nil Nil

05/06/2008 Nil 2.5 2.5 Nil Nil

27/02/2010 5 7.5 7.5 Nil Nil

25/06/2011 Nil 2.5 2.5 Nil Nil Source: Annual Report, Ministry of Petroleum and Natural Gas, 2011-12

Changes in Excise Duty Rates since 1 April 2002

Date (w.e.f.) Crude Petrol Diesel PDS Kerosene

per cent

Dom. LPG per

cent

Cess (Rs./MT)

Ad- Valorem per cent

Specific (Rs./Ltr.)

Total (VW) at

Delhi

Ad- Valorem per cent

Specific (Rs./Ltr.)

Total (VW)

at Delhi

01/04/2002 1800 32.00 7.00 10.53 16.00 1.00 2.85 16.00 16.00

04/06/2002 1800 30.00 7.00 10.82 14.00 1.00 2.80 16.00 16.00

01/03/2003 1800 30.00 7.00 11.81 14.00 1.50 3.59 16.00 16.00

16/06/2004 1800 26.00 7.50 11.97 11.00 1.50 3.32 16.00 8.00

19/08/2004 1800 23.00 7.50 11.90 8.00 1.50 3,01 12.00 8.00

01/03/2005 1800 8.00 13.00 14.59 8.00 3.25 4.80 Nil Nil

01/03/2006 2500 8.00 13.00 14.59 8.00 3.25 4.80 Nil Nil

01/03/2007 2500 6.00 13.00 14.66 6.00 3.25 4.69 Nil Nil

01/0312008 2500 Nil 1425 14.78 Nil 4.60 4.74 Nil Nil

05/06/2008 2500 Nil 13.35 13.75 Nil 3.60 3.71 Nil Nil

27/02/2008 2500 Nil 14.35 14.78 Nil 4.60 4.74 Nil Nil

25/06/2011 2500 Nil 14.35 14.78 Nil 2.00 2.06 Nil Nil

NOTE: -With effect from 1/3/2003 NCCD at the rate of 50/per MT imposed on crude oil. Source: Annual Report, Ministry of Petroleum and Natural Gas, 2011-12

LPG as "Declared Goods": LPG (Domestic) was made a 'Declared Goods" under the

Central Sales Tax (CST) Act and the maximum sales tax/VAT rate is 4 per cent effective

19 April 2006 across all States/Union Territories. This has reduced the sales tax levied by

12

Ibid

-11-

States to maximum 4 per cent (now increased to 5 per cent in union budget 2011) as

against VAT rate of 12.5 per cent levied by most of the States13.

Conclusion The Integrated Energy Policy which was approved by Cabinet in 2009 provided that

fuels that are tradable (i.e. imported or exported) would be priced in line with global prices.

The position regarding petroleum products, where India is importing around 80 per

cent of its requirements, is that petrol prices are aligned with world prices (and indeed

bear an extra burden of taxation) but diesel prices are at 20 per cent lower than they

should be if they are to be fully aligned. Kerosene prices are as much as 70 per cent

lower and LPG prices 50 per cent lower. Thus, there is an urgent need to align domestic

oil and gas price to market price for sound development of the sector. There is also a

need to expand the supply of bio-fuels, including bio-diesel to reduce the dependence on

imported oil.

India is heavily dependent on imports for supplies of both oil and gas. The import

component of domestic oil consumption is about 76 per cent and in case of ntural gas it is

about 19 per cent. These percentages are projected to rise to 80 per cent and 28 per cent

for oil and gas, respectively, by 2016-17. With the projected increase in the demand of

petroleum products energy conservation needs special significance. Exploration and

production (E&P) activities in oil and natural gas therefore, have to be given special

emphasis14.

13

Ibid 14

Approach to the Twelfth Five Year Plan, Planning Commission, October 2011

-12-

Annexure

Table 1: Production of Crude Oil and Natural Gas

Notes: *: Provisional Source: ONGC, OIL and DGH ++: Includes condensates $: Coal Bed Methane Production


-13-

Table 2: Production of Petroleum Products

(000 tonnes)

*Provisional

Note

1. RIL (SEZ), Jamnagar Refinery upto Oct11 actual and estimated for the month of Nov11 and Dec11

2. Include other inputs of RIL Jamnagar and RIL (SEZ) production in 2009-10, 2010-11 and 2011-12 (Apr-Dec)

Light Distillate : Includes Propylene, C-3, Propane, Hexane, Special Boiling Point Spirit, Benzene,

Toluene, Petroleum Hydro Carbon Solvent, Natural Heptane, Methyl Tertiary Butyl

Ether, Poly Isobutine, Poly Butadine Feed Stock and Methyl Ethyl Keetone Feed

Stock.

Middle Distillate: Includes Mineral Turpentine Oil, JP-5, Linear Alkyl Benezene Feed Stock, Aromex,

Jute Bathing Oil, Solvent 1425, Low Sulphur, Heavy Fuel HSD, Desulphurisation

Hydrocracker Bottom and Special Kerosene

Heavy Ends : Includes Carbon Black Feed Stock Sulphur, Solar Oil, Light Aluminum Rolling Oil and

Extracts.


-14-

Table 3: Sales/ Consumption of Petroleum Products

('000'tonnes)

*: Provisional Note :2000-01 onwards consumption data includes pvt. sales & pvt. imports also #: included in others under sub -head Heavy Ends. $:Included in Furnace Oil NA: not available Source: Petroleum Planning & Analysis Cell

-15-

Table 4: Imports/Exports of Crude Oils and Petroleum Products

(Qty: 000 Tonne, Value Rs. Crore)

*Provisional Source: Petroleum Planning & Analysis Cell

-16-

Table 5: Retail Selling Price of Petrol in State Capitals

1-April-12 to 1-Jan-13 and current prices (Rs./Litre)

State City 1-Apr-

12

1-May-

12

1-Jun-

12

1-Jul-

12

1-Aug-

12

1-Sep-12 1-Oct-12 1-Nov-

12

1-Dec-

12

1-Jan-

13

Current

prices

Maharashtra Mumbai 70.67 70.67 78.58 73.36 75.15 75.15 75.15 74.73 73.53 74.31 74.02

Delhi Delhi 65.65 65.65 73.19 67.79 68.47 68.47 68.47 68.19 67.24 67.24 67.27

Tamil Nadu Chennai 69.57 69.57 77.54 72.28 72.20 72.20 72.20 71.77 70.57 70.58 70.27

West Bengal Kolkata 70.04 70.04 77.89 72.75 76.15 76.15 76.15 75.73 74.55 75.02 74.73

MP Bhopal 70.07 70.07 78.13 72.82 73.43 73.43 73.43 73.07 71.85 71.85 71.55

Gujrat Gandhinagar 69.97 70.01 77.93 72.76 72.62 72.62 72.62 72.27 71.07 71.07 70.77

Goa Panjim 65.52 54.91 61.20 57.12 57.00 57.00 57.00 56.72 55.77 55.77 55.53

Chattisgarh Raipur 67.44 67.44 75.29 70.11 70.98 70.98 70.98 70.57 69.38 69.38 69.08

Gujrat Ahmedabad 69.93 69.93 77.85 72.66 72.52 72.52 72.52 72.16 70.96 70.96 70.67

Maharashtra Pune 70.92 70.92 79.00 73.70 75.50 75.50 75.50 75.06 73.85 74.62 74.31

Dadra & Nagar Haveli Silvasa 66.87 66.89 74.58 70.21 71.02 71.04 71.04 70.71 69.54 69.54 69.25

Daman & Diu Daman 66.86 66.89 74.58 70.19 71.00 71.00 71.00 70.67 69.50 69.50 69.22

Haryana Ambala 65.86 65.86 73.46 68.45 69.32 69.32 69.32 68.99 67.84 67.83 67.54

Chandigarh Chandigarh 66.48 66.48 74.17 69.15 69.98 69.98 69.98 69.63 68.47 68.47 68.18

Uttaranchal Dehradun 67.39 67.39 73.37 68.54 69.41 69.41 69.41 71.66 70.48 70.48 70.19

Rajasthan Jaipur 68.77 68.77 76.69 71.53 72.43 72.43 72.43 72.00 70.81 70.81 70.51

J&K Jammu 68.72 68.72 76.26 71.28 72.09 72.09 72.09 71.70 70.56 70.56 70.28

J&K Srinagar 70.53 70.53 78.07 73.53 74.33 74.33 74.33 74.03 72.89 72.89 72.61

UP Lucknow 69.83 69.83 77.78 72.56 74.16 74.16 74.16 73.73 72.53 72.84 72.54

HP Shimla 68.72 68.72 76.60 71.64 72.48 72.48 72.48 72.25 71.06 71.06 70.76

Punjab Jalandhar 72.95 72.95 80.42 75.02 75.88 76.20 76.20 75.84 74.60 74.60 74.29

Karnataka Bangalore 73.52 73.52 81.76 76.40 75.92 75.92 75.92 75.46 74.22 74.40 74.09

AP Hyderabad 73.12 73.12 81.47 74.90 75.43 75.43 75.43 74.98 73.73 73.73 73.42

Kerala Trivandrum 67.83 67.83 74.12 70.06 70.92 70.92 70.92 70.65 69.70 69.70 69.40

Puducherry Puducherry 64.26 64.26 71.63 67.04 67.86 67.86 67.86 67.54 66.42 66.42 66.14

Odisha Bhubaneshwar 65.53 65.53 73.01 68.10 68.34 68.34 68.33 67.95 66.81 66.81 66.53

Jharkhand Ranchi 65.73 65.73 73.27 68.29 68.50 68.50 68.50 68.11 66.97 66.97 66.69

Bihar Patna 68.10 68.10 75.93 70.77 72.65 72.65 72.65 72.23 71.05 72.22 71.92

Assam Guwahati 69.13 69.13 77.15 71.86 75.47 75.47 75.47 75.04 73.83 72.71 72.41

Meghalaya Shillong 66.73 66.73 74.45 68.23 69.09 69.09 69.09 68.82 67.65 67.65 67.36

Mizoram Aizwal 64.45 64.45 71.99 67.02 67.86 67.86 67.86 67.50 66.36 66.36 66.07

Nagaland Kohima 65.33 65.33 72.94 67.92 68.77 68.77 68.77 68.42 67.27 67.27 66.99

Note Prices for HPCL


-17-

Table 6: Retail Selling Price of Diesel Period : 2012-13,

1-April-12 to 1-Jan-13 and current prices(Rs./Litre)

State City 1-Apr-

12

1-May-

12

1-Jun-

12

1-Jul-

12

1-Aug-

12

1-Sep-

12

1-Oct-

12

1-Nov-

12

1-Dec-

12

1-Jan-

13

Current

Prices


Delhi Delhi 40.91 40.91 40.91 41.29 41.32 41.32 46.95 47.15 47.15 47.15 47.65



MP Bhopal 45.75 45.75 45.75 45.75 45.66 45.66 51.87 52.09 52.09 52.09 52.64


Goa Panjim 43.39 43.39 43.39 43.39 43.07 43.07 49.78 49.96 49.96 49.96 50.49





Daman & Diu Daman 43.15 43.17 43.17 43.22 43.41 43.41 49.28 49.49 49.49 49.49 50.01

Haryana Ambala 39.92 39.92 39.92 39.92 39.99 39.99 45.46 45.65 45.65 45.62 46.10


Uttarakhand Dehradun 43.74 43.74 43.74 43.74 44.15 44.15 49.60 49.78 49.79 49.79 50.32


J&K Jammu 42.52 42.52 42.52 42.52 42.56 42.56 48.16 48.33 48.33 48.33 48.83

J&K Srinagar 43.77 43.77 43.77 43.77 44.20 44.20 49.80 50.00 50.00 50.00 50.50

UP Lucknow 43.30 43.30 43.30 43.30 44.04 44.04 49.90 50.08 50.08 50.26 50.78

HP Shimla 40.60 40.60 40.62 40.62 40.84 40.84 46.33 46.57 46.57 46.57 47.06



AP Hyderabad 45.11 45.11 45.11 45.11 45.06 45.06 51.17 51.35 51.35 51.35 51.89





Bihar Patna 43.31 43.31 43.31 43.31 45.10 45.10 50.15 50.33 50.33 51.17 51.68

Assam Guwahati 42.34 42.34 42.34 42.34 44.68 44.68 50.50 50.68 50.68 49.58 50.10

Meghalaya Shillong 41.42 41.42 41.42 41.42 41.49 41.49 47.24 47.46 47.46 47.46 47.97

Mizoram Aizwal 40.58 40.58 40.58 40.58 40.65 40.65 46.25 46.44 46.44 46.44 46.94

Nagaland Kohima 40.91 40.91 40.91 40.91 40.98 40.98 46.61 46.80 46.80 46.80 47.30


-18-

Table 7: Retail Selling Price of Domestic LPG (14.2kg) Period : 2012-13,

1-April-12 to 1-Jan-13 and current prices(Rs./Cylinder)

State City 1-Apr-

12

1-May-

12

1-Jun-

12

1-Jul-

12

1-Aug-

12

1-Sep-

12

1-Oct-

12

1-Nov-

12

1-Dec-

12

1-Jan-

13

Current

Prices


Delhi Delhi 399.00 399.00 399.00 399.00 399.00 399.00 399.00 410.50 410.50 410.50 410.50



MP Bhopal 452.00 452.00 452.00 452.00 451.00 451.00 451.00 463.00 463.00 463.00 463.00


Goa Panjim 412.00 412.00 412.00 412.00 406.50 406.50 406.50 418.00 418.00 418.00 418.00





Daman & Diu Daman 428.00 428.00 428.00 428.00 428.00 428.00 428.00 440.00 440.00 440.00 440.00

Haryana Ambala 404.00 404.00 404.00 404.00 405.00 405.00 405.00 416.50 416.50 416.50 416.50


Uttaranchal Dehradun 398.50 398.50 398.50 398.50 398.50 398.50 398.50 410.00 410.00 410.00 410.00


J&K Jammu 408.50 408.50 408.50 408.50 408.50 408.50 408.50 420.00 420.00 420.00 420.00

J&K Srinagar 412.00 412.00 412.00 412.00 412.00 412.00 412.00 423.50 423.50 423.50 423.50

UP Lucknow 400.00 400.00 400.00 400.00 406.00 406.00 406.00 417.00 417.00 417.00 417.00

HP Shimla 415.00 415.00 415.00 415.00 415.00 415.00 415.00 427.00 427.00 427.00 427.00



AP Hyderabad 402.00 402.00 402.00 402.00 400.50 400.50 400.50 412.50 412.50 412.50 412.50





Bihar Patna 410.50 410.50 410.50 410.50 420.00 420.00 420.00 431.50 431.50 431.50 431.50

Assam Guwahati 392.50 392.50 392.50 392.50 413.00 413.00 413.00 424.00 424.00 424.00 424.00


-19-

Table 8: Revisions in RSPs of Petrol, Diesel, PDS Kerosene

and Domestic LPG since 1 April 2010 (at Delhi).

Date of revision

Petrol Diesel PDS Kerosene

Domestic LPG

Reasons

Rs. per Litre Rs. per cylinder

01.04.2010 47.93 38.10 9.32 310.35 RSP as on 01.04.2010

26.06.2010 51.43 40.10 12.32 345.35 Increase in Basic Price 01.07.2010 51.45 40.12 Increase in Siding & shunting charges

20.07.2010 37.62 VAT reduction in Delhi

08.09.2010 51.56 37.71

Increase in Dealer commission

21.09.2010 51.83 Increase in Prices


02.11.2010 52.59 37.75 Increase in Siding & shunting charges




18.01.2011 12.73 Increase in Transportation charges


25.06.2011 41.12 14.83 395.35 Increase in Prices

01.07.2011 63.70 41.29

399.00 Increase in Siding & shunting charges/ Dealer commission


01.10.2011 40.91

Rebate of Rs. 0.38 per Litre in VAT on diesel in Delhi.


16.11.2011 66.42 Reduction in Prices




18.06.2012 70.24 41.29 Rebate(Petrol) / Removal of rebate (Diesel) in VAT at Delhi



01.08.2012 68.46 41.32 Revision in Siding/ shunting charges


07.10.2012 410.50 Increase in LPG distributor commission

09.10.2012 67.90 Reduction in price

03.10.2012 14.79 Revision in siding charges

27.10.2012 68.19 47.15 Increase in dealer commission

16.11.2012 67.24 Reduction in price

67.24 47.15 14.79 410.50 RSP as on 16.11.2012

Source: Answer to Unstarred Question No. 435 in the Lok Sabha on 23 November 2012

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