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Diesel consumers in India pay lower prices than their American counterparts. But, petrol due to high tax component is priced higher in India versus the U.S. Petrol in India is sold at Rs 20.88 a litre higher than US, while diesel is cheap by Rs 4.55 a litre.
The Minister of State for Petroleum and Natural Gas, Mr R P N Singh, informed Rajya Sabha, that retail selling prices of PDS kerosene and domestic LPG in India are the lowest in comparison to neighbouring countries. The retail selling price of diesel is comparable with prices in neighbouring countries and much lower than the prices in European countries.
For petrol too the prices in India are much lower than prices in several European countries, he added.In India petrol is retailed at Rs 63.70 a litre (Delhi), while in the U.S. it is sold at Rs 42.82 a litre. However, the same in Italy, U.K. and Germany is priced at Rs 96.79 a litre, Rs 96.39 a litre, and Rs 95.99 a litre respectively.
Without taxes petrol would cost Rs 23.37 a litre in Delhi. In Pakistan petrol is sold at Rs 41.81 a litre and Sri Lanka Rs 50.30 a litre. Diesel is sold at Rs 41.29 per litre (Delhi). Without taxes, diesel would cost Rs 24.90 a litre. In the US, diesel costs Rs 45.84 a litre, while in UK Rs 82.93 a litre and Rs 74 per litre in Italy.
In Pakistan diesel is priced at Rs 46.70 a litre and Sri Lanka Rs 34.37 a litre.
PDS kerosene price of Rs 14.83 a litre in Delhi and domestic LPG Rs 399 per cylinder is lowest in the region.
The Government controls prices of diesel, PDS kerosene and domestic LPG to insulate the common man from the impact of rising oil prices in international markets.
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