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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For the use of Members of Parliament Not for Publication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 development
1
. 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 year
2
.


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 Industry
5
. 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 Mechanism
6
Under 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 Pricing
7
-- 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 Mechanism
8
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 Group
9
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
LPG
10
. 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 below
11
:

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


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 below
12
:

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 States
13
.

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
emphasis
14
.

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

Source: Annual Report, Ministry of Petroleum and Natural Gas, 2011-12
-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
Source: Petroleum Planning and Analysis Cell
-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
Maharashtra Mumbai 45.28 45.28 45.28 45.28 46.25 46.25 52.45 52.63 52.63 53.14 53.69
Delhi Delhi 40.91 40.91 40.91 41.29 41.32 41.32 46.95 47.15 47.15 47.15 47.65
Tamil Nadu Chennai 43.95 43.95 43.95 43.95 43.91 43.91 49.98 50.16 50.16 50.13 50.67
West Bengal Kolkata 43.74 43.74 43.74 43.74 44.76 44.76 50.61 50.78 50.78 50.98 51.50
MP Bhopal 45.75 45.75 45.75 45.75 45.66 45.66 51.87 52.09 52.09 52.09 52.64
Gujrat Gandhinagar 46.21 46.25 46.25 46.25 45.89 45.89 52.16 52.37 52.37 52.37 52.93
Goa Panjim 43.39 43.39 43.39 43.39 43.07 43.07 49.78 49.96 49.96 49.96 50.49
Chattisgarh Raipur 45.63 45.63 45.63 45.63 45.70 45.70 51.95 52.13 52.13 52.13 52.68
Gujrat Ahmedabad 46.17 46.17 46.17 46.17 45.78 45.78 52.05 52.26 52.26 52.26 52.82
Maharashtra Pune 45.24 45.24 45.26 45.26 46.22 46.22 52.42 52.59 52.59 53.09 53.64
Dadra & Nagar Haveli Silvasa 43.15 43.18 43.18 43.23 43.43 43.45 49.32 49.53 49.53 49.53 50.05
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
Chandigarh Chandigarh 41.85 41.85 41.85 41.85 41.93 41.93 47.66 47.86 47.86 47.86 48.37
Uttarakhand Dehradun 43.74 43.74 43.74 43.74 44.15 44.15 49.60 49.78 49.79 49.79 50.32
Rajasthan Jaipur 43.06 43.06 43.06 43.07 43.22 43.22 49.12 49.30 49.30 49.33 49.86
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
Punjab Jalandhar 40.74 40.74 39.94 39.94 39.97 39.97 45.65 45.85 45.85 45.85 46.33
Karnataka Bangalore 45.73 45.73 45.73 45.73 45.11 45.11 51.24 51.41 51.41 51.54 52.08
AP Hyderabad 45.11 45.11 45.11 45.11 45.06 45.06 51.17 51.35 51.35 51.35 51.89
Kerala Trivandrum 44.55 44.55 44.55 44.55 44.61 44.61 49.60 49.78 49.78 49.78 50.31
Puducherry Puducherry 42.73 42.73 42.73 42.74 43.07 43.07 48.88 49.09 49.09 49.09 49.60
Odisha Bhubaneshwar 44.05 44.05 44.05 44.05 43.77 43.77 49.72 49.90 49.90 49.90 50.43
Jharkhand Ranchi 43.38 43.38 43.38 43.38 43.18 43.18 49.08 49.26 49.26 49.26 49.79
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


Source: Petroleum Planning and Analysis Cell




-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
Maharashtra Mumbai 414.00 414.00 414.00 414.00 423.00 423.00 423.00 435.00 435.00 435.00 435.00
Delhi Delhi 399.00 399.00 399.00 399.00 399.00 399.00 399.00 410.50 410.50 410.50 410.50
Tamil Nadu Chennai 393.50 393.50 393.50 393.50 386.50 386.50 386.50 398.00 398.00 398.00 398.00
West Bengal Kolkata 405.00 405.00 405.00 405.00 401.00 401.00 401.00 412.50 412.50 412.50 412.50
MP Bhopal 452.00 452.00 452.00 452.00 451.00 451.00 451.00 463.00 463.00 463.00 463.00
Gujrat Gandhinagar 417.50 417.50 417.50 417.50 408.50 408.50 408.50 420.00 420.00 420.00 420.00
Goa Panjim 412.00 412.00 412.00 412.00 406.50 406.50 406.50 418.00 418.00 418.00 418.00
Chattisgarh Raipur 407.00 407.00 403.00 403.00 403.00 403.00 403.00 414.50 414.50 414.50 414.50
Gujrat Ahmedabad 413.00 413.00 413.00 413.00 403.00 403.00 403.00 414.00 414.00 414.00 414.00
Maharashtra Pune 412.50 412.50 412.50 412.50 421.50 421.50 421.50 433.00 433.00 433.00 433.00
Dadra & Nagar Haveli Silvasa 430.00 430.00 430.00 430.00 430.00 430.00 430.00 442.00 442.00 442.00 442.00
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
Chandigarh Chandigarh 407.50 407.50 407.50 407.50 407.50 407.50 407.50 419.00 419.00 419.00 419.00
Uttaranchal Dehradun 398.50 398.50 398.50 398.50 398.50 398.50 398.50 410.00 410.00 410.00 410.00
Rajasthan Jaipur 376.50 376.50 376.50 376.50 376.50 376.50 376.50 388.00 388.00 388.00 388.00
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
Punjab Jalandhar 416.00 416.00 416.00 416.00 416.00 416.00 418.00 430.00 430.00 430.00 430.00
Karnataka Bangalore 415.00 415.00 415.00 415.00 408.00 408.00 408.00 419.50 419.50 419.50 419.50
AP Hyderabad 402.00 402.00 402.00 402.00 400.50 400.50 400.50 412.50 412.50 412.50 412.50
Kerala Trivandrum 427.00 426.50 426.50 426.50 427.50 427.50 427.50 439.50 439.50 439.50 439.50
Puducherry Puducherry 382.00 382.00 382.00 382.00 382.00 382.00 382.00 393.50 393.50 393.50 393.50
Odisha Bhubaneshwar 415.00 415.00 415.00 415.00 411.00 411.00 411.00 422.00 422.00 422.00 422.00
Jharkhand Ranchi 429.50 429.50 429.50 429.50 425.50 425.50 425.50 437.50 437.50 437.50 437.50
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


Source: Petroleum Planning and Analysis Cell
-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
17.10.2010 52.55 Increase in Prices
02.11.2010 52.59 37.75 Increase in Siding & shunting charges
09.11.2010 52.91 Increase in Prices
16.12.2010 55.87 Increase in Prices
15.01.2011 58.37 Increase in Prices
18.01.2011 12.73 Increase in Transportation charges
15.05.2011 63.37 Increase in Prices
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
16.09.2011 66.84 Increase in Prices
01.10.2011 40.91


Rebate of Rs. 0.38 per Litre in VAT on
diesel in Delhi.
04.11.2011 68.64 Increase in Prices
16.11.2011 66.42 Reduction in Prices
01.12.2011 65.64 Reduction in Prices
24.05.2012 73.18 Increase in Prices
03.06.2012 71.16 Reduction in Prices
18.06.2012 70.24 41.29
Rebate(Petrol) / Removal of rebate
(Diesel) in VAT at Delhi
29.06.2012 67.78 Reduction in Prices
24.07.2012 68.48 Increase in Prices
01.08.2012 68.46 41.32 Revision in Siding/ shunting charges
14.09.2012 46.95 Increase in Prices
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