Question : EXPORT OF PETROL AND DIESEL



(a) whether the Government have taken a decision to export petrol and diesel during the current financial year;

(a) if so, the countries to which these items are likely to be exported;

(b) whether the export of the petrol and diesel likely to effect country`s Oil Import Bill; and

(c) if so, the details thereof?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI SANTOSH KUMAR GANGWAR)

(a) AND (b) : The export of petroleum products depend upon the overall demand and supply position in the country and the prevailing market condition. Government have, initiated steps to take care of the surplus products, if any, in view of increase in domestic refining capacity. The export of Petrol and Diesel has since been decanalised. These are freely traded commodities in the international market and export destination are decided by market consideration.

(c) and (d): The oil import bill depends on the overall consumption, indigenous production and prices of petroleum products and crude oil in the international market.