(a)whether the Government is considering to authorize the oil companies to fix the price of
diesel, kerosene and LPG like petrol;
(b)if so, whether this step of the Government would increase inflation;
(c) the reasons for taking this decision at this stage and the details thereof; and
(d) the loss incurred by the oil companies during the last three years?
MINISTER OF PETROLEUM AND NATURAL GAS(SHRI S. JAIPAL REDDY)
(a)to(c):At present, there is no such proposal.
(d)The details of Profit after Tax (PAT)/Loss of the Public Sector Oil Marketing Companies
(OMCs) namely, Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited
(BPCL) and Hindustan Petroleum Corporation Limited (HPCL) during the last three years and
current year (April-September, 2011) are given below:-
(Rs.crore)
Name of 2008-09 2009-10 2010-11 2011-12 OMCs (April-September, 2011)Losses
IOCL 2,950 10,221 7,445 -11,204
BPCL 736 1,538 1,547 -6,445
HPCL 575 1,301 1,539 -5,791
Total 4,260 13,060 10,531 -23,440