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RAJYA SABHA
Oil marketing companies (OMCs) pay to refineries the import parity price of petrol and diesel. The Retail Selling Price (RSP) of these products is computed by the OMCs after taking into account inter alia the following elements :
Basic Price at refinery level on import parity basis
Freight upto depots
Marketing cost and margin
States specific irrecoverable levies
Excise duty
Delivery charges from depot to Retail Pump Outlet
Sales Tax and other local levies
Dealers commission
The share of various duties and taxes in the current RSP of these products at Delhi are as follows :
(Rs./Litre)
S.No.
Item
Petrol
Diesel
1.
Price without customs duty, excise duty and sales tax components
17.46
18.07
2.
Customs duty
2.12
2.29
3
Excise Duty
12.07
3.15
4.
Sales Tax
6.19
2.77
5.
Retail selling price
37.84
26.28
A number of steps have been taken to contain the impact of international prices on the domestic prices of four major products viz., PDS kerosene, domestic LPG, diesel and petrol.
The Government reduced excise duties on petrol, diesel and domestic LPG by 4%, 3% and 8%, respectively effective 16.6.2004. Later, effective 19.8.2004, the excise duties on petrol, diesel and PDS kerosene were further reduced by 3%, 3% and 4% respectively. Also, effective 19.8.2004, customs duties on petrol, diesel, PDS kerosene and domestic LPG were reduced by 5% each.
PDS kerosene and domestic LPG are subsidized products. In addition to the Government subsidy, oil PDUs have been sharing the burden by not passing the full increase in international prices on to the domestic consumer prices of these products. Despite the steep increase in international prices, the selling price of PDS kerosene has not been increased since 1.4.2002 and RSP of domestic LPG was increased by only Rs.20/cylinder each, effective 16.6.2004 and 5.11.2004 respectively.
This information was given by Shri Mani Shankar Aiyar, Minister of Petroleum & Natural Gas and Panchayati Raj in a written reply in the Rajya Sabha today
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