Question : Covid-19 Effect on Import of Oil

(a) whether the structure of oil and gas sector has changed due to Covid-19 disruptions in
the country;
(b) if so, the extent to which country‘s oil imports have come down thereafter;
(c) whether due to reduced domestic demand Indian refiners have reduced their capacity, if
so, the details in this regard, refinery-wise; and
(d) the details of revenue generation of various oil companies during the lockdown and so far
as compared to corresponding period of previous year?

Answer given by the minister

MINISTER OF PETROLEUM AND NATURAL GAS
(SHRI DHARMENDRA PRADHAN)
(a) & (b) Oil and gas sector PSUs have informed that COVID 19 pandemic has resulted in
unprecedented fall in demand which in-turn has reduced revenue consequent to lockdown
imposed in the country.
Consumption of all petroleum products has increased as country is going towards unlock
process. Month-wise consumption of petroleum products and Import of crude oil are given
below:
Total Consumption of
petroleum products (in MMT)
April, 2020 May, 2020 June, 2020 July, 2020
9.89 14.63 16.25 15.68
Imports of crude oil (MMT) 16.55 14.61 13.68 12.34
Note: Data on import of oil and Consumption of Petroleum products is provisional basis;
The sector-wise sale of Natural Gas in Million Metric Standard Cubic Meter Per Day
(MMSCMD) in India during Financial Year 2019-2020 and April-July 2020 is as below:
Sector 2019-20 April-July 2020
Domestic RLNG Total Domestic RLNG Total
Power 20.09 10.10 30.19 23.43 7.25 30.68
Fertilizers 17.81 26.06 43.87 20.83 27.61 48.44
CGD 16.00 12.69 28.69 7.81 8.39 16.20
Others 14.44 35.98 50.42 21.07 33.87 54.93
Total 68.34 84.83 153.17 73.14 77.11 150.25
Note: The above does not include natural gas consumed as internal consumption of upstream producers (which
is in the range of 17-19 MMSCMD).
(c) Due to the Covid-19 Outbreak throughout and world and nationwide lockdown
imposed in the country, Indian refineries were operating with reduced capacity. The details
of planned and actual crude processing of all the refineries is given at Annexure.
(d) The details of revenue generated during period April-June 2020 vis-a-vis April-June
2019 is given below
(in Rs. Crore)
S.No Name of the Public
Sector Company
April-June of 2020 April-June 2019
1. IOCL 88936.54 150136.70
2. HPCL 45,885 74,530
3. BPCL 50616.92 85,859.59
4. GAIL 12,060 18,276
****

Download PDF Files