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Historic Petrol and Diesel Fuel Prices of 20 Years in India. 2003 to 2022 Record

Historic Petrol and Diesel Fuel Prices of 20 Years in India. 2003 to 2022 Record

Here is Historic Fuel Prices in India right from 2003 to 2022 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

 

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

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

  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 2022 - 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 last 2 Months 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

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 May 2022

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.

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Comments 13

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 - Srinivas Maddali on Tuesday, 03 August 2021 08:19

What was the subsidy given in 2003 to the 2021 year-wise?

What was the subsidy given in 2003 to the 2021 year-wise?
Guest - rajat agarwal on Friday, 28 May 2021 14:54

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

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
Guest - K Srinivas on Saturday, 24 July 2021 11:42

Yes it's right every time middle class is suffering from these politician soon India becomes US

Yes it's right every time middle class is suffering from these politician soon India becomes US
Guest - PIYUSH AGRAWAL on Wednesday, 10 March 2021 08:29

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.

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.
Guest - Dr punit sharda on Saturday, 06 November 2021 09:46

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.

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.
Guest - Bhakton Se Pareshan on Monday, 14 March 2022 12:02

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.

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.
Guest - Smriti Irani on Wednesday, 11 May 2022 15:34

Bhai kitna mila...2 ltr petrol ya 2 kg lemon.. aisa gyan free me to nahi aa sakta..

Bhai kitna mila...2 ltr petrol ya 2 kg lemon.. aisa gyan free me to nahi aa sakta..
Guest - Raghu on Monday, 11 April 2022 02:44

Sadly few Indians want everything free.
The mere fact that this govt is doing everything without any corruption in the ministry should be supported by all middle class & good people.
Criticise the govt on data or facts.. Not by memes, name calling, in name of religion. India is having best thanks to this hard working PM & corruption free regime.

Sadly few Indians want everything free. The mere fact that this govt is doing everything without any corruption in the ministry should be supported by all middle class & good people. Criticise the govt on data or facts.. Not by memes, name calling, in name of religion. India is having best thanks to this hard working PM & corruption free regime.
Guest - ASHOK GUPTA on Thursday, 28 January 2021 13:25



Please provide the historical rates of diesel in 4 metro city (DELHI, MUMBAI, KOLKATA and CHENNAI) in date wise changed for onward DECEMBER 2018 TILL JAN 2021

Thanks

Please provide the historical rates of diesel in 4 metro city (DELHI, MUMBAI, KOLKATA and CHENNAI) in date wise changed for onward DECEMBER 2018 TILL JAN 2021 Thanks
Guest - BS NEGI on Sunday, 02 August 2020 10:03

Please provide the historical rates of diesel in 4 metro city (DELHI, MUMBAI, KOLKATA and CHENNAI) in date wise changed for onward MARCH-2019.

Thanks

Please provide the historical rates of diesel in 4 metro city (DELHI, MUMBAI, KOLKATA and CHENNAI) in date wise changed for onward MARCH-2019. Thanks
Guest - Angel Bottoms on Monday, 07 October 2019 13:41

Dear Sir / Madam

we are direct mandate to major oil selling refinery here in Russia Federation, we provide standard services globally and compact into oil trading with commitment to provide excellent service.
The Refinery which we represent can supply to you and your esteemed buyers company any Russian Origin product such as ;
JP54,
Jet A1,
M100,
D2,
D6, etc
without any complications.On agreed sellers procedures we can close the deal within 48/72hours. If interested kindly contact us via

Email: gaznefte.sell@mail.ru

Thanks.
Angel Bottoms

Dear Sir / Madam we are direct mandate to major oil selling refinery here in Russia Federation, we provide standard services globally and compact into oil trading with commitment to provide excellent service. The Refinery which we represent can supply to you and your esteemed buyers company any Russian Origin product such as ; JP54, Jet A1, M100, D2, D6, etc without any complications.On agreed sellers procedures we can close the deal within 48/72hours. If interested kindly contact us via Email: gaznefte.sell@mail.ru Thanks. Angel Bottoms
Guest
Wednesday, 29 June 2022

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