LOK  SABHA

UNSTARRED QUESTION NO. 3350

TO BE ANSWERED ON 10.8.2015

PRICES OF PETROLEUM PRODUCTS

3350. SHRI PREM SINGH CHANDUMAJRA:

          SHRI HARISHCHANDRA CHAVAN:

          SHRI MUTHAMSETTI SRINIVASA RAO (AVANTHI):

ANSWER

पेट्रोलियम और प्राकृतिक गैस मंत्रालय में राज्य मंत्री (स्वतंत्र प्रभार) (श्री धर्मेन्द्र प्रधान)

THE MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

(a)  In the event of lifting of sanctions on Iran, the world oil supply is likely to go up due to additional production. This however may take time. The increased supply in the world market may lead to lower crude oil prices depending on demand and supply balance.

(b)  India is already importing crude oil from Iran as per the reduced quota set by the Joint Plan of Action between the P5 + 1 and the Islamic Republic of Iran reached on November 24, 2013.

 (c)  The average price of Indian basket of crude oil and crude import bill during the last three years and the current year are given below:

 (d)    The details of revision in prices of Petrol, Diesel, PDS Kerosene and Domestic LPG since 1^st April 2012 are given in Annexure 1. The details of revision in price of ATF at Delhi (for Domestic airlines), sourced from IOCL, are given in Annexure 2.

The demand of City Gas Distribution entities for Compressed Natural Gas (transport) and Piped Natural Gas (domestic) sector is met by 100% domestic natural gas supplied at uniform base price notified by the Government under new Domestic Price Guidelines dated 23.10.2014.  However, Government do not control/determine the retail selling price of Compressed Natural Gas (transport) and Piped Natural Gas (domestic) to end consumer.  This is determined by the concerned City Gas Distribution entity as per market conditions.

The details of taxes/ duties in the prices of Petrol and Diesel during the last 3 years and the current year are given below.

Rs./litre