LPG price double in 7 yrs; tax collection on petrol, diesel jumps 459%: Dharmendra Pradhan

Oil Minister Dharmendra Pradhan said today that the price of domestic cooking gas, LPG has doubled to ₹819 per cylinder in the last seven years while the increase in taxes on petrol and diesel has swelled collections by over 459%

In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Dharmendra Pradhan said the retail selling price of domestic gas was ₹410.5 per 14.2-kg cylinder on March 1, 2014. This month, the same cylinder costs ₹819.

“Prices of petrol and diesel have been made market determined by the government with effect from June 26, 2010 and October 19, 2014 respectively,” Pradhan said. “Since then, the public sector oil marketing companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with their international product prices, exchange rate, tax structure, inland freight and other cost elements.”