(a) whether the profits of public sector oil companies have greatly increased over the years, if so, the details thereof during the last three years, year-wise; and
(b) the details of money collected by the Government through selling the Shares of public sector oil companies in the last five years?
MINISTER OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)
(a) The Profits After Tax (PAT) of major Public Sector Oil Companies during the last three financial years are given below:-
Company
PAT (in Rs crore)
2016-17
2017-18
2018-19
Indian Oil Corporation Limited
19106.00
21346.00
16894.00
Bharat Petroleum Corporation Limited
8039.30
7976.30
7132.02
Hindustan Petroleum Corporation Limited
6209.00
6357.00
6029.00
GAIL (India) Limited
3502.91
4618.41
6025.67
Oil India Limited
1548.68
2667.93
2590.14
Engineers India Limited
325.04
377.87
370.07
Mangalore Refinery and Petrochemicals limited
3643.69
2224.12
331.96
Oil and Natural Gas Corporation Limited
17900.00
19945.00
26716.00
(b) The information furnished by Department of Investment and Public Asset Management on receipts of Government through selling the Shares of public sector oil companies in the last five years is given below:-
Company
Amount realised (in Rs crore)
2014-15
2015-16
2016-17
2017-18
2018-19
Indian Oil Corporation Limited (IOCL)
NIL
9369.00
262.42
00
2647.00
Oil India Limited (OIL)
NIL
00
00
1135.26
1135.26
Hindustan Petroleum Corporation Limited (HPCL) – Oil and Natural Gas Corporation (ONGC) Deal
NIL
00
00
36915.00
00
Oil and Natural Gas Corporation (ONGC)
NIL
00
00
00
2510.51
Total
NIL
9369.00
262.42
38050.26
6292.77
Further, Government of India realised Rs. 28525.30 crore by divesting its holding in ONGC, IOCL, OIL, BPCL and Gail Authority of India Limited.
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