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Petrol prices rise by Rs 18.97, diesel up by Rs 17.51 in six months, says govt

The average price of the Indian Basket of crude oil has risen to $68.78 per barrel in 2021-22 so far, from $44.82 per barrel in 2020-21 and $60.47 per barrel in 2019-20..

July 28, 2021 / 04:40 PM IST
Only Meghalaya and Assam have reduced taxes on petrol and diesel in the last six months.

Only Meghalaya and Assam have reduced taxes on petrol and diesel in the last six months.

The Minister of Petroleum and Natural Gas Hardeep Singh Puri on July 28 said in the Rajya Sabha that the price of petrol has risen by up to Rs 18.97 and the price of diesel has risen by up to Rs 17.51 in the last six months.

In a written response in the Rajya Sabha, the government said that the retail price of petrol has risen by Rs 14 due to the increase in base price linked to the international price of crude between January 1 and July 23. Similarly, the retail price of diesel has risen by Rs 13.70 in the same period.

Between January 1 and July 23, the price of petrol has risen by around Rs 0.47 to Rs 5.04 in states across India due to taxes levied by state governments. Similarly, the price of diesel has risen by around Rs 0.82 to Rs 3.84 in states across India due to taxes levied by state governments, Puri said in his written response.

Only Meghalaya and Assam have reduced taxes on petrol and diesel in the last six months, the data showed. Jharkhand and Uttarakhand have also kept taxes on petrol unchanged in the past six months.

The biggest increase in the price of petrol in the past six months has been seen in Goa - Rs 18.97, Manipur - Rs 18.93, Telangana - Rs 18.77, Karnataka - Rs 18.74 and Madhya Pradesh - Rs 18.70.

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Similarly, the biggest increase in the price of diesel in the past six months has been seen in Goa - Rs 17.51, Odisha - Rs 17.49, Telangana - Rs 17.36, Gujarat - Rs 17.23 and Chattisgarh - Rs 17.08.

The central government also said that prices of petrol and diesel have fallen by Rs 0.08 and Rs 0.03 in the past six months due to taxes levied by the central government.

In the response to a separate question, Puri also said that the average price of the Indian Basket of crude oil has risen to $ 68.78 per barrel in 2021-22 so far, from $ 44.82 per barrel in 2020-21 and $ 60.47 per barrel in 2019-20.

The minister in his response also said that the average price of the Indian Basket of crude oil in 2018-19 stood at $69.88 per barrel. However, the average price of petrol and diesel in 2018-19 across India was around Rs 75.27 and Rs 68.22, respectively. The average price of petrol and diesel in 2021-22 (till July 21) is around Rs 94.53 and Rs 84.79, respectively, the government data showed.
first published: Jul 28, 2021 04:38 pm
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