Union Petroleum Minister Hardeep Singh Puri reiterated the government’s commitment to affordable fuel prices during the Lok Sabha session on August 21, 2025. Puri said that global crude oil prices rose from $ 55 per barrel in March 2015 to $ 116 per barrel in June 2015, domestic petrol and diesel prices in Delhi have increased to Rs 94.77 and Rs 87.67 per liter respectively, which were Rs 110.04 and Rs 98.42 per liter in November 2021.
To provide protection to consumers, the government decreased by Rs 13 per liter in excise duty on petrol and Rs 16 per liter in November 2021 and May 2022, which gave full benefit to citizens. In March 2024, the oil marketing companies (OMC) cut retail prices by Rs 2 per liter. Although excise duty increased by ₹ 2/liter in April 2025, oil marketing companies took this increase on themselves, which did not affect consumers. Some states also reduced VAT, which further reduced prices.
Puri highlighted measures such as diversification of crude oil imports, implementing universal service obligations and promoting domestic oil production to ensure energy security. Randnessing freight transportation within the state by oil marketing companies has reduced prices in remote areas, which has reduced prices differences within states. India, which imports more than 85% of its crude oil, connects domestic fuel prices to global markets, and oil marketing companies make pricing decisions.
The ethanol mixed petrol (EBP) program has saved ₹ 1.44 lakh crore foreign currency since 2014-15 and has paid ₹ 1.25 lakh crore to farmers. In July 2025, the ethanol mixture reached 19.93%, which led to a decrease in CO2 emissions by 736 lakh metric tons and compensated for the import of 244 lakh metric tons of crude oil. The government is promoting CNG, LNG, hydrogen, biofuels and electric vehicles to promote sustainable development.
India is carrying forward environmental goals by obtaining 10% in June 2022 and 12.06% ethanol mixture in 2022-23, supporting farmers and reducing oil dependence. Stay updated on fuel price trends and green energy initiatives.
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