MININSTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS
(SHRI SANTOSH KUMAR GANGWAR)
(a) to (h): A committee was constituted by the Government to study and advise the evacuation and despatch facilities that should be provided by the refineries and marketing companies separately and to suggest determination of additional compensation to refineries for having despatch facilities meant to be provided by the marketing companies. The composition of the committee was as follows:
1. Chairman & Managing Director - Chairman 2. Adviser(Refineries) - Member Ministry of Petroleum and Natural Gas 3. Director(Marketing) - Member Indian Oil Corporation Ltd. 4. Director(Planning) - Member Oil Coordination Committee 5. Joint Adviser(Finance) - Member Ministry of Petroleum and Natural Gas 6. Director (S&P) - Member Ministry of Petroleum and Natural Gas - Secretary
The committee constituted by the Government have adopted the groupings of refineries under the following broad categories and recommended for computation of rates based on these groupings:-
(g) Refineries commissioned after 1.4.1998 i.e. the date of introduction of Refinery Gas Prices linked to import parity prices for refineries.
(ii) Refineries commissioned prior to 1.4.1998, which are further sub divided into two groups, namely, likely to be 70% or more of investment and the other where WDV is likely to be less 70% of investment.
No rates have been finalised as yet.