MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI R.P.N. SINGH)
a) The quantum of crude oil imported by India during the last three
years is given below.
Year Quantity (Thousand Metric Tonne)
2008-09 132775
2009-10 159259
2010-11 163594
Major quantity of crude oil is imported from Saudi Arabia, Iran, Iraq, Kuwait,
Nigeria, UAE, Oman, Qatar, Venezuela, Angola, Algeria, Malaysia, etc.
(b) The domestic Oil Companies have intimated that the recent turmoil in
Libya and Egypt has not adversely affected the Crude Oil Supply in India as the
import of crude oil from these countries is very low. The crude oil imported
from these countries was only about 2% of total crude oil imports in the country
during 2010-11.
c) To deal with the situation of rise in international oil prices and keeping
in view the domestic inflationary conditions, the Government is modulating the
retail selling prices of Diesel, PDS Kerosene and Domestic LPG.This is resulting
in under-recoveries to public sector Oil Marketing Companies (OMCs) on sale of
these products.The OMCs are currently incurring under-recoveries 6.06 per litre
on Diesel, 23.74 per litre on PDS Kerosene and 247 per cylinder of Domestic LPG.
The Government has also eliminated 5% Customs Duty on crude oil with
corresponding reduction in Customs Duty on petro products and reduced Excise Duty
on Diesel by 2.60 per litre effective 25.06.2011. The remaining Excise Duty of
2.06 per litre on Diesel is earmarked towards Road and Education cess.
