Question : Demand and Supply of Petroleum Products

(a) whether the management of Petroleum and Natural Gas Sector is a critical challenge, if so, the details thereof along with the present status of availability and the potential of oil and gas reserves in the country;
(b) the percentage of demand of crude oil, natural gas and Petroleum products in the country being met through the existing oil and natural gas reserves along with demand and supply of various petroleum products during the last three years and the current year, product-wise;
(c) the quantum of crude oil and natural gas imported in addition to domestic production to meet the requirement of the country during the said period, country-wise;
(d) whether the price of imported Petroleum products are lower than that of domestic Petroleum products; and
(e) if so, the details thereof along with the reasons for such difference/gap during the said period?

MINISTER IN THE MINISTRY OF PETROLEUM & NATURAL GAS
(SHRI DHARMENDRA PRADHAN)
(a) Details of Hydrocarbon Reserves (Oil, Gas, CBM) (2P) in India as on 01.04.2018
Company
Initial In-place volume
Ultimate Reserves
Balance Recoverable Reserves
Oil (MMT)
Gas (BCM)
O+OEG (MMT)
Oil (MMT)
Gas (BCM)
O+OEG (MMT)
Oil (MMT)
Gas (BCM)
O+OEG (MMT)
ONGC (Nomination)
5009
2204
7213
1433
1249
2683
431
560
992
OIL (Nomination)
806
384
1140
252
217
440
79
125
187
PSC+RSC regime
1081
1246
2327
234
738
972
84
548
633
CBM Regime
0
280
280
0
108
108
0
106
106
Total
6896
4114
10960
1919
2313
4204
594
1339
1918
O+OEG= Oil and Oil Equivalent of Gas
MMT- Million Metric Tonne
BCM - Billion Cubic Metre
(b): The percentage of import dependence on crude oil and gas based on domestic consumption of petroleum products during the last three years and current year is given below:
Year
% Import Dependency
(Crude Oil)
% Import Dependency
(Natural Gas)
2015-16
80.6
40.7
2016-17
81.7
44.5
2017-18
82.9
45.3
2018-19 (April-October)(P)
83.3
47.0
P-Provisional
The details of product -wise consumption of petroleum products during the last three years and current year is Annexed.
(c): The quantum of crude oil and natural gas imported by India during the last three years and current year is as below:
Year
Crude Oil Import
(In MMT)
Natural Gas Import
(in MMSCM)
LNG import quantity
Net domestic availability (net of flare and loss)
2015-16
202.9
21388
31129
2016-17
213.9
24686
30848
2017-18
220.4
26328
31731
2018-19 (April-October)P
133.9
16468
18586
MMSCM - Million Metric Standard Cubic Metre
P- Provisional
MMT- Million Metric Tonne
(d) & (e): The prices of petroleum products in our country are benchmarked to international product prices. The price of petroleum products in the country are higher/lower than other countries due to a variety of factors, including prevailing tax regime and subsidy compensation by the respective Governments.