Wednesday, 18 March 2020

Production by public sector oil companies


The details of annual production by the Public Sector Oil Refineries out of the total production of petrol and diesel in the country during last three years are given below:

(figure in Million Metric Tonne)
Description
Production of Petrol
Production of Diesel
Public Sector Oil Refineries
Total
Public Sector Oil Refineries
Total
2016-17
19.3
36.6
60.0
102.1
2017-18
21.4
37.8
65.2
108.1
2018-19
22.4
38.0
67.7
110.6

Prices of petrol and diesel have been made market-determined by the Government with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies take appropriate decision on pricing of petrol and diesel in line with international product prices, exchange rate, tax structure, inland freight and other cost elements and accordingly product-wise margin are arrived.

The details of profit/ (loss) earned by these refineries during the last three years is given below:





( in crore)

Company
2016-17
2017-18
2018-19

IOCL
19,106
21,346
16,894

HPCL
6,209
6,357
6,029

BPCL
8,039
7,976
7,132

NRL
2101
2044
1968

MRPL
3642
2224
332

CPCL
1030
913
(213)


This information was given by the Union Minister of Petroleum & Natural Gas Shri Dharmendra Pradhan in the Rajya Sabha today in a written reply.

Courtesy: pib.gov.in

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