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Historic Petrol and Diesel Fuel Prices of 20 Years in India. 2003 to 2023 Record

Historic Petrol and Diesel Fuel Prices of 20 Years in India. 2003 to 2023 Record

Here is Historic Fuel Prices in India right from 2003 to 2023 including Price Differential in Petrol and Diesel Fuel in Delhi, Mumbai, Chennai, Kolkata

 

Petrol Vs Diesel Fuel Price Gap

Fuel Prices in 2021 and in May 2022 reached once again at its lifetime highs, where Petrol Prices in most of the cities touched in zone of Rs 110 to 120 oer Litre, and that of Diesel by Rs 100 to 110 per Litre

Then came a significant announcement from Central Government by slasing Excise duty on Petrol and Diesel - marking a major step to address in inflationary aspect.

Below are what the Slabs of Excise Duty in last 8 yrs

Month, Year Excise Duty on Petrol Excise Duty on Diesel
Nov-14 Rs 9.2 per Litre Rs 3.46 per Litre
Dec-17 Rs 21.48 per Litre Rs 17.33 per Litre
Jun-20 Rs 32.98 per Litre Rs 31.83 per Litre
Nov-21 Rs 27.98 per Litre Rs 21.8 per Litre
May-22 Rs 19.98 per Litre Rs 15.8 per Litre
Jan-23 Rs 19.98 per Litre Rs 15.8 per Litre

 

Also, for comparison are VAT Duty Rates (as applied by State Government- Delhi for instance) 

Month, Year VAT on Petrol on Basic Price VAT on Diesel on Basic Price
Nov-14 20% 12.50%
Dec-17 27% 16.75% + 25 p Cess
Jun-20 27% 16.75% + 25 p Cess
Nov-21 19.40% 16.75% + 25 p Cess
May-22 19.40% 16.75% + 25 p Cess
Jan-23 19.4% 16.75% + 25 p Cess

VAT Rates are state specific, and can significantly vary in other states.

 

Fuel Price Gap in Petrol & Diesel

See the Price Gap in Petrol and Diesel in 4 Metro Cities as was in July 2016

  Petrol Price / Litre^ Diesel Price / Litre^ Price Gap
New Delhi Rs 62.51 Rs 54.28 Rs 8.23 / Litre
Mumbai Rs 67.11 Rs 59.6 Rs 7.51 / Litre
Chennai Rs 62 Rs 55.82 Rs 6.18 / Litre
Kolkata Rs 66.03 Rs 56.48 Rs 9.55 / Litre

The Price Gap of Rs 6.18 / Litre in Petrol and Diesel in Chennai. 

 

Look at the Price Difference in May 2022 after recent Excise Duty Cut and continuing even in 2023 too

  Petrol Price / Litre^ Diesel Price / Litre^ Price Gap
New Delhi Rs 96.72 Rs 89.62 Rs 7.1 / Litre
Mumbai Rs 111.35 Rs 97.28 Rs 14.07 / Litre
Chennai Rs 102.63 Rs 94.24 Rs 8.39 / Litre
Kolkata Rs 106.03 Rs 92.76 Rs 13.27 / Litre

 

With the fact that Diesel Cars already have 

» Price Difference, Higher Road Tax in most of the cities - On Road Price Difference is on a higher side, which will also lead to Higher Finance Interest Cost

» Relative Higher Service Maintenance Cost 

» Relative Higher Insurance Premium in Later Years

This new reduced price gap would further dampen in sale of Diesel Cars and even valuation of Old Diesel Car Prices.

 


If you are Planning to Buy a New Car and Confused in between Petrol / Diesel Choice one

Refer this Comparison on - Diesel Cars Vs Petrol Cars


 

Historic Fuel Price Difference in India from 2003 to 2023 - Last 20 Years

The Historic Price Difference is on a higher note as against Petrol Cars and has once reached to Rs 24.69 / Litre in April 2012 and see the irony where in June'2020 - Diesel costed higher than Petrol. However that anomaly was soon corrected and now Price gap in between Petrol and Diesel Fuel is now Rs 10 / Litre.

Know Prices of Petrol and Diesel in India (Capital - Delhi) in last 20 Years, where from levels of Rs 33.49 per Litre Petrol in April 2003, it rose to historic level highs of Rs 110 per Litre in November 2021 

Anyway - thanks that State Government and Central Government took some action and slashed VAT rates and Excise Duty Rates in 2022 Mid which led to some reduction in Fuel Prices

Month Year Petrol / Litre Diesel / Litre Fuel Price Difference / Litre
April-03 Rs 33.49 Rs 22.12 Rs 11.37
June-04 Rs 35.71 Rs 22.74 Rs 12.97
April-05 Rs 37.99 Rs 28.22 Rs 9.77
Apr-06 Rs 43.5  Rs 30.45 Rs 13.05
Apr-07 Rs 43 Rs 30.25 Rs 12.75
Apr-08 Rs 45.5 Rs 31.76 Rs 13.74
Apr-09 Rs 44.7 Rs 30.86 Rs 13.84
Apr-10 Rs 48 Rs 38.1 Rs 9.9
Apr-11 Rs 58.5 Rs 37.75 Rs 20.75
Apr-12 Rs 65.6 Rs 40.91 Rs 24.69
Apr-13 Rs 66.09 Rs 48.63 Rs 17.46
Apr-14 Rs 72.26 Rs 55.48 Rs 16.78
Apr-15 Rs 60.49 Rs 49.71 Rs 10.78
Apr-16 Rs 59.68 Rs 48.33 Rs 11.35
Jul-16 Rs 62.51 Rs 54.28 Rs 8.23
July-17 Rs 63.09 Rs 53.33 Rs 9.76
July-18 Rs 75.55 Rs 67.38 Rs 8.17
July-19 Rs 72.96 Rs 66.69 Rs 6.27
June-20 Rs 79.76 Rs 79.88 Diesel Fuel for First Time Exceed price of Petrol
July-21 Rs 99.86 Rs 89.36 Rs 10.5 / Litre
April-22 Rs 105.41 Rs 96.67 Rs 8.74 / Litre
May-22 Rs 96.72 Rs 89.62 Rs 7.1 / Litre
Jan-23 Rs 96.72 Rs 89.62 Rs 7.1 / Litre

It was in November 2021 & then followed in around 20th may 2022 - where Fuel Prices reached historic highs. In Delhi a Litre of Petrol then costed in Rs 110 / Litre, while in Mumbai, Sri Ganganagar it was close to Rs 120 / Litre. Diesel prices too jumped to over Rs 100 / Litre in most of the States - that was when VAT and Excise duty cut was considered to give relief to Common Men.

Now on 21st May - Excise Duty was slashed by Rs 8 per Litre on Petrol and by Rs 6 per Litre on Diesel

However, Irony is that still Indian User is paying high taxes even after Tax Cut

 Fuel Tax Paid for Obtaining 1 Litre Fuel in Delhi
Petrol Rs 35.57 per Litre (36.7%)
Diesel  Rs 28.87 per Litre (32.2%)

Estimated Tax as paid to Central Government and State Government for 1 Litre of Requiisite Fuel in Jan 2023

to tune of Rs 35 Per Litre (including Excise and State VAT) for obtaining 1 Litre of Petrol and Diesel in New Delhi. Rather this was actual Price of Petrol 20 yrs back - which is now only paid as Taxes to Government.

Car Dash Instrument Cluster Warning Light Symbols ...
Inter State RC Transfer and Vehicle Re Registratio...
 

Comments 33

Guest - marymullrank on Tuesday, 09 April 2024 16:09

so costly price petrol in india

so costly price petrol in india
Guest - Niraj Singh on Saturday, 17 February 2024 16:49

Saw some replies which states that crude oil cost was higher in UPA era than NDA era yet the fuel prices were low in UPA era. Well it is very simplistic way of looking at the whole issue. Ofcourse everything was lower during UPA due to subsidized nature of working on Govt.


  1. The crude oil prices are not only the contributor to price of petrol and diseal.
  2. There is a company in between employing 1000s of employee.
  3. These company need to make profit and pay their employees.
  4. These companies were working at very small profitability margins during UPA era and sometimes even losses.
  5. UPA heavily subsidized petrol, diseals and kerosine and raised heavy debts. Please look at fiscal deficit of UPA era. Also do some research on 1.3 Lakh Crore Oil bonds raised by UPA. The bonds will mature in 2025-2026 and the amount has to be paid by government. How will govt pay for this bond amount? Please form your own judgement.
  6. UPA has ruined Indian economy by taking huge debts and spending on Revenue expeditures i.e loan waivers, subsidies etc. Average Fiscal Deficit during UPA has been 5+ %. To top it even with more loans they have not used it for CAPEX, they have used it freebies. Note 18% capex expediture during UPA while close to 30% capex during NDA government.


Saw some replies which states that crude oil cost was higher in UPA era than NDA era yet the fuel prices were low in UPA era. Well it is very simplistic way of looking at the whole issue. Ofcourse everything was lower during UPA due to subsidized nature of working on Govt. [list=1] [*] The crude oil prices are not only the contributor to price of petrol and diseal. [*] There is a company in between employing 1000s of employee. [*] These company need to make profit and pay their employees. [*] These companies were working at very small profitability margins during UPA era and sometimes even losses. [*] UPA heavily subsidized petrol, diseals and kerosine and raised heavy debts. Please look at fiscal deficit of UPA era. Also do some research on 1.3 Lakh Crore Oil bonds raised by UPA. The bonds will mature in 2025-2026 and the amount has to be paid by government. How will govt pay for this bond amount? Please form your own judgement. [*] UPA has ruined Indian economy by taking huge debts and spending on Revenue expeditures i.e loan waivers, subsidies etc. Average Fiscal Deficit during UPA has been 5+ %. To top it even with more loans they have not used it for CAPEX, they have used it freebies. Note 18% capex expediture during UPA while close to 30% capex during NDA government. [/list]
Guest - Sayan Chatterjee on Saturday, 11 May 2024 11:42

Such a hypocrite you are!!! You are accusing the subsidizing policy of UPA1 govt. Yet you are completely blind and dumb about the corporate tax exempted by the NDA govt. They have even cut down the corporate tax from 30% to 22%. And these policies are seeming right for you!! How much govt. loss this policies have caused? Why did you avoid these points?

Such a hypocrite you are!!! You are accusing the subsidizing policy of UPA1 govt. Yet you are completely blind and dumb about the corporate tax exempted by the NDA govt. They have even cut down the corporate tax from 30% to 22%. And these policies are seeming right for you!! How much govt. loss this policies have caused? Why did you avoid these points?
Guest - Sushant on Saturday, 28 January 2023 13:39

To much price hike during congress (Shri Manmohan Singh (PM)) government 2003 to 2014. Current scenario price is under control due to Shri Narendra Modi Jee is our Prime Minister.

To much price hike during congress (Shri Manmohan Singh (PM)) government 2003 to 2014. Current scenario price is under control due to Shri Narendra Modi Jee is our Prime Minister.
Guest - raveen on Monday, 13 March 2023 15:25

aur bhai andh bhakt idhaar bhi

aur bhai andh bhakt idhaar bhi
Guest - Sushovan on Saturday, 25 May 2024 15:22

UNCULTURE AND UN EDUcate ........KUCH PARAI WARAI KARO ...TAVI TOH SAMAJH PAOGE NA

UNCULTURE AND UN EDUcate ........KUCH PARAI WARAI KARO ...TAVI TOH SAMAJH PAOGE NA
Guest - Santosh MK on Sunday, 24 September 2023 18:48

App to andhe ho. dikhayi nahi de raha hai 100% price in 10 years hike from 35 to 72 rs per litre from 2004 to 2014?

Petrol price increased only 40% in 9 years in Modi govt from 72 to 100 from 2014 to 2023...

Andha aur andh bhakthi Congress pe tho aap kar rahe ho...

App to andhe ho. dikhayi nahi de raha hai 100% price in 10 years hike from 35 to 72 rs per litre from 2004 to 2014? Petrol price increased only 40% in 9 years in Modi govt from 72 to 100 from 2014 to 2023... Andha aur andh bhakthi Congress pe tho aap kar rahe ho...
Guest - Aviral on Monday, 18 December 2023 22:18

Look up international crude oil prices over the years before spilling your stupidity all over the web.

Look up international crude oil prices over the years before spilling your stupidity all over the web.
Guest - Sushovan on Saturday, 25 May 2024 15:25

Go and seach inflation rate between 2004 to 2014
And 2014 to 2024....aftter tht u talk about crude oil

0
Go and seach inflation rate between 2004 to 2014 And 2014 to 2024....aftter tht u talk about crude oil
Guest - Guest on Monday, 06 February 2023 14:25

Brent in 2003 increased from $30-$100/ barrel despite that fule increase wasnt huge in comparison.
Today brent stands at $80 and fuel is almost 100.
UPA era - 10yrs avg crude was $72 whereas fuel was available under 70
BJP - 9yrs avg crude stands out at $67 whereas fuel is sold near 100
High fuel cost hold major responsibility for inflation, RBI also mentioned the same.
Debt in 2014 was 56 lakh crore now it stands at 212 lakh crore, cherry on the cake CAD is still widening

Illogically one can justify and few will be in agreement

Brent in 2003 increased from $30-$100/ barrel despite that fule increase wasnt huge in comparison. Today brent stands at $80 and fuel is almost 100. UPA era - 10yrs avg crude was $72 whereas fuel was available under 70 BJP - 9yrs avg crude stands out at $67 whereas fuel is sold near 100 High fuel cost hold major responsibility for inflation, RBI also mentioned the same. Debt in 2014 was 56 lakh crore now it stands at 212 lakh crore, cherry on the cake CAD is still widening Illogically one can justify and few will be in agreement
Guest - Manish Lalwani on Thursday, 21 September 2023 13:54

There were more terrorist attacks during Upa govt also....

There were more terrorist attacks during Upa govt also....
Guest - Guest on Friday, 01 September 2023 10:22

I believe you are either half brained or sickly manipulated person or some kind of politically bigot person.

if you have included the INR - USD $ rate , then probably your narration would have made sense..
and coming to DEBT, you are ignored factual no's like population, subsidies, expenses, development, and simply pointing out to debt number makes no sense..

I believe you are either half brained or sickly manipulated person or some kind of politically bigot person. if you have included the INR - USD $ rate , then probably your narration would have made sense.. and coming to DEBT, you are ignored factual no's like population, subsidies, expenses, development, and simply pointing out to debt number makes no sense..
Guest - Ravindra on Sunday, 06 August 2023 07:36

average crude oil in UPA era was $76.5.and in NDA era it is $71.
Year Avg Closing Price

2023 $76.29

2022 $94.53

2021 $68.17

2020 $39.68

2019. $56.99

2018 $65.23

2017. $50.80

2016. $43.29

2015. $48.66

2014. $93.17

2013 $97.98

2012. $94.05

2011. $94.88

2010. $79.48

2009. $61.95

2008. $99.67

2007. $72.34

2006. $66.05

2005. $56.64

2004. $41.51

average crude oil in UPA era was $76.5.and in NDA era it is $71. Year Avg Closing Price 2023 $76.29 2022 $94.53 2021 $68.17 2020 $39.68 2019. $56.99 2018 $65.23 2017. $50.80 2016. $43.29 2015. $48.66 2014. $93.17 2013 $97.98 2012. $94.05 2011. $94.88 2010. $79.48 2009. $61.95 2008. $99.67 2007. $72.34 2006. $66.05 2005. $56.64 2004. $41.51
Guest - Kumar Navaneethan on Monday, 27 November 2023 00:41

Also the prices of petrol also you should be speaking about prices before state VAT.. hope you know todays rate of Petrol price before state VAT is Rs.79 , Andaman nicobar price is Rs 84, and Kerala price is Rs.109 so shouldnt compare the price of each state. whereever you are , only few states reduced tax, most increased tax in last 10 years

Also the prices of petrol also you should be speaking about prices before state VAT.. hope you know todays rate of Petrol price before state VAT is Rs.79 , Andaman nicobar price is Rs 84, and Kerala price is Rs.109 so shouldnt compare the price of each state. whereever you are , only few states reduced tax, most increased tax in last 10 years
Guest - Kumar Navaneethan on Monday, 27 November 2023 00:37

can you also post the exchange rate of dollar so that crude per barrel price is made in indian rupees, and you compare with petrol price in indian rupees

can you also post the exchange rate of dollar so that crude per barrel price is made in indian rupees, and you compare with petrol price in indian rupees
Guest - harish on Thursday, 25 May 2023 14:44

all the cheaper Fossil fuel sold counties are now in insolvency, Sri Lanka, Pakistan, Turkey etc, Hope for this analysis economist is not required.

all the cheaper Fossil fuel sold counties are now in insolvency, Sri Lanka, Pakistan, Turkey etc, Hope for this analysis economist is not required.
Guest - Narayan Singh on Sunday, 26 June 2022 16:16

Can I get diesel price in UP from January 2017 to December 2021..

Can I get diesel price in UP from January 2017 to December 2021..
Guest - vikas on Saturday, 04 December 2021 11:00

great content

great content
Guest - ANOSH TOUR AND travels on Saturday, 16 October 2021 00:12

Request for diesel price from April 2019 to Oct 2021 month wise

Request for diesel price from April 2019 to Oct 2021 month wise
Guest - murari krishna bus transport service on Monday, 06 May 2024 11:00

bro did you get it ?
ye modi sarkar pure internet se price history hi hta rakhi hai
koi graph nahi mill rahi
mughe 2012 se chahiye thi

bro did you get it ? ye modi sarkar pure internet se price history hi hta rakhi hai :) koi graph nahi mill rahi mughe 2012 se chahiye thi
Tuesday, 16 July 2024

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