India

Special Report: 78% increase in crude oil prices in one year, how much more or less the price of petrol in India compared to other countries

The price of crude oil has increased from $ 63.4 per barrel in April 2021 to $ 112.87 per barrel in March 2022. That is, an increase of 78 percent has been seen in one year. In such a situation, let us know whether the price of petrol and diesel in India is more or less compared to other countries?

In the midst of the Russia-Ukraine war, the international prices of crude oil have seen a lot of rise. In developed countries including America, Canada, the price of petrol has increased by 50 percent in a year, while in India too, the price of oil has increased. India imports to meet its oil needs. About 80 per cent of India’s oil requirements are imported. In such a situation, changes in global prices and international events are bound to have an impact on India’s oil prices. The price of crude oil has increased from $ 63.4 per barrel in April 2021 to $ 112.87 per barrel in March 2022. That is, an increase of 78 percent has been seen in one year. In such a situation, let us know whether the price of petrol and diesel in India is more or less compared to other countries? Along with this, let us tell you which are the states with the highest price of petrol and diesel.

Country price of petrol
Netherlands 192.73
Germany 171.37
Sweden 167.79
Switzerland 160.4
Singapore 159.05
Italy 151.44
Spain 148.19
France 145.62
South Korea 126.74
Japan 104.34
India 103.81
Turkey 98.11

(In comparison to countries that are more dependent on petrol imports, oil prices in India are the lowest after Turkey.)

India compared to BRICS countries

Country petrol diesel
Brazil 118.21 108.21
China 111.22 99.98
India 103.81 95.07
Russia 46.88 47.93
South Africa 111.69 118.90

Petrol and diesel prices in India are the lowest among the BRICS countries, second only to Russia’s own oil producer.

Top 10 States With Highest Petrol Price

state Petrol Price (Rs. Per Ltr) (till April 6, 2022)
Andhra Pradesh 121.40
Maharashtra 120.51
Telangana 119.49
Madhya Pradesh 118.14
Rajasthan 118.03
Kerala 117.19
A state in Eastern India 116.23
West Bengal 115.12
Odisha 112.50
Chhattisgarh 111.47

Top 10 States With Highest Diesel Price

state Diesel Price (Rs. Per Ltr) (by April 6, 2022)
Andhra Pradesh 107.00
Telangana 105.49
Maharashtra 104.77
Kerala 103.95
Chhattisgarh 102.86
Odisha 102.24
Jharkhand 102.02
Madhya Pradesh 101.16
A state in Eastern India 101.06
Tamil Nadu 100.94

8 out of 10 states of the country where petrol and diesel prices are highest are non-BJP ruled states.

States that did not cut taxes on petrol and diesel

7 states—Maharashtra, West Bengal, Tamil Nadu, Telangana, Andhra Pradesh, Kerala and Jharkhand—still have not cut their rates. By not cutting their taxes on fuel, these states have earned an additional Rs 11,945 crore as compared to other states which have cut fuel taxes. What did the central government do with the revenue earned by the central government from fuel tax? Questions have been raised against the Center on this. The government used this amount for PMGAY, free vaccine for Kovid-19, free cash transfer to women, elderly and differently-abled during Kovid-19. PMGKAY With the extension of the scheme from March 2022 to September 2022, the central government’s expenditure on the scheme has increased from Rs 2.6 lakh crore earlier to about Rs 3.4 lakh crore. So, what have the states, which have earned an additional Rs 11,945 crore, done for the people of their state? He should be asked this question.

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