Petrol Price Trend in India
Petrol prices in India have been volatile due to global oil price changes and domestic taxation policies. Rising fuel costs are putting pressure on consumers and contributing to inflation concerns. The shift towards alternative energy sources could influence future petrol price trends in the country.
Petrol Prices in India (2004-2024)
Yearly petrol prices in India from 2004 to 2024.
Year | Average Petrol Price (Per litre) |
2024 | 100 |
2023 | 98 |
2022 | 95 |
2021 | 95.41 |
2020 | 80.43 |
2019 | 73.83 |
2018 | 78.52 |
2017 | 69.99 |
2016 | 64.38 |
2015 | 60.5 |
2014 | 72.43 |
2013 | 72.26 |
2012 | 68.57 |
2011 | 63.77 |
2010 | 52 |
2009 | 48 |
2008 | 51 |
2007 | 44 |
2006 | 41 |
2005 | 38 |
2004 | 34 |
State and Central Taxes on Fuel (2004-2024)
The following table details the approximate state and central taxes on petrol over the years:
Year | State Taxes (per litre) | Central Taxes (per litre) | Total Taxes (per litre) |
2004 | Rs.8.00 | Rs.6.00 | Rs.14.00 |
2005 | Rs.8.50 | Rs.6.50 | Rs.15.00 |
2006 | Rs.9.00 | Rs.7.00 | Rs.16.00 |
2007 | Rs.9.50 | Rs.7.50 | Rs.17.00 |
2008 | Rs.10.00 | Rs.8.00 | Rs.18.00 |
2009 | Rs.9.50 | Rs.7.50 | Rs.17.00 |
2010 | Rs.10.00 | Rs.8.00 | Rs.18.00 |
2011 | Rs.12.00 | Rs.10.00 | Rs.22.00 |
2012 | Rs.12.50 | Rs.10.50 | Rs.23.00 |
2013 | Rs.13.00 | Rs.11.00 | Rs.24.00 |
2014 | Rs.13.50 | Rs.11.50 | Rs.25.00 |
2015 | Rs.12.00 | Rs.10.00 | Rs.22.00 |
2016 | Rs.12.50 | Rs.10.50 | Rs.23.00 |
2017 | Rs.13.00 | Rs.11.00 | Rs.24.00 |
2018 | Rs.14.00 | Rs.12.00 | Rs.26.00 |
2019 | Rs.13.50 | Rs.11.50 | Rs.25.00 |
2020 | Rs.14.50 | Rs.12.50 | Rs.27.00 |
2021 | Rs.16.00 | Rs.14.00 | Rs.30.00 |
2022 | Rs.16.00 | Rs.14.00 | Rs.30.00 |
2023 | Rs.16.50 | Rs.14.50 | Rs.31.00 |
2024 | Rs.17.00 | Rs.15.00 | Rs.32.00 |
Reasons for Petrol Price Changes
- 2004-2008: Diesel prices from 2004 to 2008 increased because of increase in crude oil rates, geopolitical tensions, and increase in demand.
- 2008-2009: Stable tax rates and low prices of crude oil ensured that the prices of diesel reduced in India during this period.
- 2010-2014: Domestic policies and crude rates in the global markets ensured that diesel prices increased in India.
- 2015: Diesel prices fell in India due to a drop in prices of crude oil. Crude oil rates fell due to weaker demand.
- 2016-2018: Diesel prices in India increased during these years. The prices of diesel saw an upward trend as central and state governments increased taxes.
- 2019-2020: The prices of crude oil dropped significantly due to the impact of COVID-19. This ensured that taxes on diesel reduced.
- 2021-2022: In India, diesel prices increased significantly as crude oil prices jumped as economies began recovering from COVID-19. High taxes also played a role in ensuring diesel prices increased.
- 2023-2024: In recent years, diesel prices have changed slightly due to issues in supply chain and geopolitical tensions. In the country, diesel prices have increased slightly due to changes in tax rates.
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