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
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|
|Month, Year||VAT on Petrol on Basic Price||VAT on Diesel on Basic Price|
|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.
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
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.
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.
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...
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
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..
average crude oil in UPA era was $76.5.and in NDA era it is $71.
Year Avg Closing Price
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
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
all the cheaper Fossil fuel sold counties are now in insolvency, Sri Lanka, Pakistan, Turkey etc, Hope for this analysis economist is not required.
PEOPLE HAVE TO UNDERSTAND THERE RIGHTS LIKE RIGHT TO VOTE ,RIGHT TO ELECT , RIGHT TO SAY , RIGHT TO ARGUE, ALL POLITICAL PARTIES ARE COMES AND JUST DO WHATEVER HE WANTS AGAIN WHO SUFFERS MIDDLE CLASS , WE HAVE TO COME TOGETHER AND RAISE THE VOICE FOR THE MIDDLE CLASS FAMILIES WHO SUFFERS FOR EVERYTHING LIKE PAY TAXES ON TIME , PAY EMI ON TIME , PAY FULL TUTIONS OR SCHOOL FEES , NO KOTA FOR KIDS , NO RESERVATIONS IN SCHOOLS, COLLEGES , JOBS ALL BENEFITS WILL BE TAKEN BY OTHER CASTE PEOPLE OR GROUPS, NOW ITS HIGH TIME COME TOGETHER AND RAISE VOICE FOR MIDDLE CLASS FAMILIES WHO COMES 35% IN OVER ALL POPULATION
whatever the government was or today have its congress or bJP AAP or any other party all are corrupt and just they are giving burden to middle class families and they dont think how the peoples will suffer through this highs in everything . all the daily needs of public which comes in the use of day to day life are at his highs prices salary going sync there are no jobs no money saving finished . its going very tough to live in this highs and non employement.
No Government can drop down the rate. Because of population of bharat. Government give subsidy and lots of scheme and wellfare for bring them up.but all system are fail in last 70 years modi ji start work on that popular vote bank politics.we have great pm and need to give them long time to solve all system problem with strength in rajysabha to make a new law.
Stop bootlicking brother. It is Modi government which juiced you and me most in the form of various taxes. They have taken us for granted and increased the taxes on fuel like no one has ever done. Now, if your bhakt mind is thinking about "Infrastructure development ke liye jaroori hai" logic, then think about the HEFTY Toll tax we pay on the roads built by out tax money.