Ready Reckoner. June, Snapshot of India s Oil & Gas data. Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas)

Transcription

1 Ready Reckoner Snapshot of India s Oil & Gas data June, 2018 Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas) As on

2 Index of Tables Description Table Page Highlights for the month Selected indicators of the Indian economy 4 2 Crude oil, LNG and petroleum products at a glance 5 3 Indigenous crude oil production 6 4 Domestic oil & gas production vis-à-vis overseas production 6 5 High Sulphur (HS) & Low Sulphur (LS) Crude Oil processing 6 6 Quantity and value of crude oil imports 7 7 Self-sufficiency in petroleum products 7 8 Refineries: Installed capacity and crude oil processing Major crude oil and product pipeline network 9 10 Gross Refining Margins (GRM) of refineries GRM of North-East refineries excluding excise duty benefit Production and consumption of petroleum products LPG consumption Kerosene allocation vs upliftment Industry marketing infrastructure Natural gas at a glance Coal Bed Methane (CBM) gas development in India Major natural gas pipeline network Gas pipelines under execution/ construction Existing LNG terminals Status of PNG connections, CNG stations and CNG vehicles across India Domestic natural gas price and gas price ceiling Information on prices, taxes and under-recoveries/subsidies Capital expenditure of PSU oil companies Conversion factors and volume conversion 22 1 Snapshot of India's Oil & Gas data - June, 2018

3 Highlights for the month Indigenous crude oil and condensate production during June 2018 was lower by 3.4% than that of June PSC fields registered de-growth of 1.7% during the month over June 2017 while PSU companies registered de-growth of 4.0%. On cumulative basis de-growth of 2.4% was registered during April-June 2018 over the corresponding period of the previous year. Total crude oil processed during June 2018 was 21.9 MMT, which was an increase of 9.1% over June PSU/JV refineries registered 13.3% increase while private refineries registered 1.7% increase in crude oil processed during the month over June Indian refineries processed 79.0% high sulphur crude oil during June 2018 against 71.3% during June On cumulative basis an increase of 5.0% was registered in total crude processed during April-June 2018 over the corresponding period of the previous year. Production of petroleum products during June 2018 saw a growth of 12.0% over June Production of LPG and MS increased by around 10% each, diesel by 16% and ATF by 18% during June 2018 as compared to June On cumulative basis an increase of 6.6% was registered in total production of petroleum products during April-June 2018 over the corresponding period of the previous year. Crude oil imports increased by 10.3% during June 2018 as compared to June On cumulative basis, crude oil imports increased by 5.6% during April-June 2018 as compared to April-June Product imports increased by 7.3% and 5.5% during June 2018 and April-June 2018 respectively as compared to the corresponding period of the previous year. Increase in POL product imports during April-June 2018 was mainly due to increase in imports of LPG, naphtha and fuel oil. Product exports increased by 7.2% during June 2018 as compared to June However during April-June 2018, exports decreased by 9.4% as compared to the corresponding period of the previous year. Decrease in POL product exports during April-June 2018 was mainly due to decrease in exports of MS and HSD. Petroleum product consumption registered a growth of 8.7% during June, 2018 and a cumulative growth of 5.1% during April-June Last year during June, 2017, a growth of 0.1% and cumulative growth of 3.3% during the period April-June 2017 was observed. Except for SKO (-12.1%), FO/LSHS (-2.8%) and products in others category (-2.2%), all other products registered positive growth during June, Snapshot of India's Oil & Gas data - June, 2018

4 Total LPG consumption continuously for the last fifty eight months in a row recorded a positive growth of 2.6% during June, 2018 and a cumulative growth of 9.6% for the period April-June 2018 was observed. This year during the period April- June 2018, 13.2 lakh DBCs and lakh new connections were released out of which 92.6 lakh were released under PMUY. Nearly 30.7 lakh new connections have been released more during the current year in this period compared to last year. Total lakh connections were released under PMUY till since inception. Out of the five regions, Northern region had the highest share in consumption at 30.0%, followed by Southern region at 29.5%, Western region at 22.2%, Eastern region at 15.6% and North Eastern region at 2.6% during the period June North Eastern region had the highest growth of 17.1% in total LPG consumption during the period June SKO consumption registered a de-growth of -12.1% during June, 2018 as compared to de-growth of -32.9% during June, This was mainly because of reduced Q1, allocation to the states and voluntary surrender of PDS SKO quota by Haryana, Punjab, Dadra & Nagar Haveli, Daman & Diu, Puducherry, Andhra Pradesh and Gujarat. Gross production of natural gas for the month of June 2018 was MMSCM which was lower by 2.8% compared with the corresponding month of the previous year. The cumulative gross production of natural gas of MMSCM for the current financial year till June 2018 was higher by 0.1% compared with the corresponding period of the previous year. LNG import for the month of June 2018 was MMSCM which was 34.2% higher than the corresponding month of the previous year. The cumulative import of MMSCM for the current year till June 2018 was higher by 17.6% compared with the corresponding period of the previous year. The price of Brent Crude averaged $74.33/bbl during June, 2018 as against $76.93/bbl during May, 2018 and $46.52/bbl during June, The Indian basket crude averaged $73.85/bbl during June, 2018 as against $75.31/bbl during May, 2018 and $ 46.56/bbl during June, The import bill of crude oil is estimated to increase by 23% from $88 billion in to $108 billion in considering average Indian basket crude oil price of $65/bbl and $/Rs = 65 for Snapshot of India's Oil & Gas data - June, 2018

5 Economic indicators 1. Selected indicators of the Indian economy Unit/ Base Population (as on 1 st May, 2011) Billion GDP at constant ( Prices) 3 Agricultural Production (Food grains) Growth % MMT 4 Gross Fiscal Deficit % Growth % FE (P) PE rd AE RE Economic indicators Unit/ Base June (P) April-June (P) (P) Index of Industrial Production (Base: ) Growth % # 3.2 # 3.1* 4.0* 6 Imports $ Billion Exports $ Billion Trade Balance $ Billion Foreign Exchange $ Billion IIP is for the month of # May and as on March 31, 2017, as on March 30, 2018, June as on June 30, 2017 and June 2018-as on June 29, 2018; AE-Advanced Estimates; RE-Revised Estimates; PE-Provisional Estimates; FE-Final Estimates. Source: Ministry of Commerce & Industry (MoC&I), Ministry of Agriculture & Farmer's Welfare (MoA&FW), Reserve Bank of India (RBI) 4 Snapshot of India's Oil & Gas data - June, 2018

6 Crude oil production in India MMT Consumption of petroleum products MMT Production of petroleum products MMT Imports & exports: Crude oil imports Petroleum products (POL) imports Gross petroleum imports (Crude + POL) 2. Crude oil, LNG and petroleum products at a glance Details Unit/ Base (P) Petroleum products exports LNG imports June (P) April-June (P) MMT $ Billion MMT $ Billion MMT $ Billion MMT $ Billion $ Billion Petroleum imports as percentage of India's gross imports (in value terms) % Petroleum exports as percentage of India's gross exports (in value terms) % Import dependency of crude (on consumption basis) % Snapshot of India's Oil & Gas data - June, 2018

7 Details ONGC Oil India Limited (OIL) Private / Joint Ventures (JVs) Total Crude Oil ONGC condensate PSC condensate Total condensate Total (Crude + Condensate) (MMT) Total (Crude + Condensate) (Million Bbl) Details Source: ONGC Videsh, GAIL, OIL, IOCL & HPCL 3. Indigenous crude oil production (Million Metric Tonnes) June April-June (Target)* (P) (Target)* (P) *Target is inclusive of condensate. Note: Some sub-totals/ totals may not add-up due to rounding off at individual levels Total domestic production (MMTOE) Overseas production (MMTOE) 4. Domestic oil & gas production vis-à-vis overseas production Overseas production as percentage of domestic production June (P) April-June (P) (P) % 28.7% 28.7% 31.2% 29.4% 31.5% 5. High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MMT) Details June April-June (P) (P) 1 High Sulphur crude Low Sulphur crude Total crude processed Percentage share of HS crude in total crude oil processing 72.3% 74.8% 71.3% 79.0% 73.1% 76.5% 6 Snapshot of India's Oil & Gas data - June, 2018

8 6. Quantity and value of crude oil imports Year Quantity (MMT) $ Million Rs. Crore (P) ,776 5,65, (Estimated) If exchange rate of Rs./$ changes by Rs. 1/$ - Crude oil import bill changes by Rs. 10,810 crores - Crude oil import bill changes by Rs. 10,810 crores 108,098 7,02,639 Note: Imports are estimated considering average crude oil price $ 65/bbl and exchange rate Rs. 65/$ for Impact of variation in crude oil price & exchange rate on value of crude oil imports for : If crude prices changes by one $/bbl 7. Self-sufficiency in petroleum products (Million Metric Tonnes) Particulars June (P) April-June (P) (P) Indigenous crude oil processing Products from indigenous crude (93.3% of crude oil processed) Products from fractionators (Including LPG and Gas) Total production from indigenous crude & condensate (2 + 3) Total domestic consumption % Self-sufficiency (4 / 5) 18.3% 17.2% 18.9% 16.2% 17.3% 16.2% 7 Snapshot of India's Oil & Gas data - June, 2018

9 Company IOCL Koyali (1965) Haldia (1975) Mathura (1982) 8. Refineries: Installed capacity and crude oil processing (MMTPA / MMT) Refinery Barauni (1964) Installed capacity ( ) (MMTPA) Crude oil processing (MMT) June April-June (Actual) (Target)* (P) (Actual) (Target)* (P) Panipat (1998) Guwahati (1962) Digboi (1901) Bongaigaon(1979) Paradip (2016) IOCL TOTAL CPCL Manali (1969) CBR (1993) CPCL-TOTAL BPCL Mumbai (1955) Kochi (1966) BORL Bina (2011) NRL Numaligarh (1999) BPCL-TOTAL Snapshot of India's Oil & Gas data - June, 2018

10 Company Refinery Installed Crude oil processing (MMT) capacity June April-June ( ) (MMTPA) (Actual) (Target)* (P) (Actual) (Target)* (P) ONGC Tatipaka (2001) MRPL Mangalore (1996) ONGC TOTAL HPCL Mumbai (1954) Visakh (1957) HMEL Bathinda (2012) HPCL- TOTAL RIL Jamnagar (DTA) (1999) Jamnagar (SEZ) (2008) NEL # Vadinar (2006) All India * Targets are as recived from oil companies. RIL target for is previous year crude processing; # Nayara Energy Limited (formerly Essar Oil Limited). Note: Some sub-totals/ totals may not add up due to rounding off at individual levels. Crude Oil Details 9. Major crude oil and product pipeline network ONGC OIL Cairn HMEL IOCL BPCL HPCL Others* Total Length (KM) 1,191 1, ,017 5, (as on ) Cap (MMTPA) Products Length (KM) ,950 1,948 3,371 2, (as on ) Cap (MMTPA) * Other includes GAIL and Petronet India. HPCL and BPCL lubes pipeline included in products pipeline data 9 Snapshot of India's Oil & Gas data - June, 2018

11 10. Gross Refining Margins (GRM) of refineries ($/bbl) Company Refinery IOCL Barauni Koyali Haldia Mathura Panipat Guwahati ** Digboi ** Bongaigaon ** Paradip # Weighted average BPCL Kochi Mumbai Weighted average HPCL Mumbai Visakhapatnam Weighted average CPCL Chennai MRPL Mangalore NRL Numaligarh ** BORL Bina RIL Jamnagar Vadinar * *Accounts not finalised till date.; ** GRM of North Eastern refineries are including excise duty benefit. For GRM excluding excise duty benefit, refer table 11; # Commissioned in February, Nayara Energy Limited (formerly Essar Oil Limited) 10 Snapshot of India's Oil & Gas data - June, 2018

12 Guwahati IOCL Digboi Bongaigaon NRL Numaligarh Production and consumption of petroleum products (Million Metric Tonnes) Products June 2017 June 2018 (P) April-June 2017 April-June 2018 (P) Prod Cons (P) Prod Cons (P) Prod Cons Prod Cons (P) Prod Cons LPG MS NAPHTHA ATF SKO HSD LDO LUBES FO/LSHS BITUMEN PET COKE OTHERS ALL INDIA Growth (%) 4.5% 5.3% -0.1% 0.1% 12.0% 8.7% 1.8% 3.3% 6.6% 5.1% Note: Prod - Production; Cons - Consumption 11. GRM of North-East refineries excluding excise duty benefit ($/bbl) Company Refinery Snapshot of India's Oil & Gas data - June, 2018

13 1. PSU Sales : LPG-Packed Domestic LPG-Packed Non-Domestic LPG-Bulk Auto LPG Sub-Total (PSU Sales) 2. Direct Private Imports Total (1+2) Product PDS Kerosene LPG category Particulars POL Terminal/ Depots (Nos.) $ Aviation Fuel Stations Retail Outlets (total) (Nos.)^ out of which, Rural ROs SKO/LDO agencies (Nos.) (P) June 2018 (P) April-June (P) Gr (%) Gr (%) , , , , , , , , , , , , , , , , (Q1) (P) Allocation Upliftment Allocation Upliftment Allocation Upliftment Allocation Upliftment Allocation Upliftment 89,75,538 88,78,352 86,85,384 85,36,752 69,33,030 66,78,447 50,21,828 46,69,164 11,74,808 11,04,241 LPG Distributors (total) (Nos.) (PSUs only) LPG Bottling plants (Nos.) (PSUs only) # LPG Bottling capacity (TMTPA) (PSUs only) & LPG active domestic consumers (Nos. crore) (PSUs only) IOCL BPCL HPCL RIL NEL ## SHELL Others Total ,185 14,478 15,127 1,400 4, ,936 7,596 2,629 3, , ,353 3,892 1,001 1, ,531 10,363 5,232 4, , ,434 3,933 4, , $ (RIL= 5 terminals and 13 mini depots, Others=4 MRPL & 2 (Others=ShellMRPL -1); ^(Others=MRPL-6); Energy Limited (formerly Essar Oil Limited). 13. LPG consumption (Thousand Metric Tonne) 14. Kerosene allocation vs upliftment (Kilo Litres) 15. Industry marketing infrastructure (as on ) (Provisional) # (Others=NRL-1); & (Others=NRL-30); ## Nayara 12 Snapshot of India's Oil & Gas data - June, 2018

14 (a) Gross production - ONGC - Oil India Limited (OIL) - Private / Joint Ventures (JVs) (b) Net availability (excluding flare gas and loss) (c) LNG import (d) Total consumption including internal consumption (b+c) June April-June (Target) (P) (Target) (P) 31,897 32,648 2,756 2,931 2,678 8,058 8,674 8,069 22,088 23,429 1,975 2,121 1,953 5,729 6,261 5,906 2,937 2, ,872 6, ,605 1,628 1,493 30,848 31,731 2,674 2,613 7,827 7,874 24,686 26,328 1,811 2,430 5,929 6,970 55,534 58,059 4,485 5,043 13,756 14,844 (e) Total consumption (in BCM) (f) Import dependency based on consumption (%), {c/d*100} Note: Some sub-totals/ totals may not add-up due to rounding off at individual levels. Prognosticated CBM resources Established CBM resources Total available coal bearing areas Exploration initiated Blocks awarded Production of CBM gas Production of CBM gas Details 16. Natural gas at a glance 17. Coal Bed Methane (CBM) gas development in India 92 TCF 9.9 TCF 26,000 Sq. KM 16,613 Sq. KM June 2018 (P) 58.2 MMSCM April-June 2018 (P) MMSCM 13 Snapshot of India's Oil & Gas data - June, Nos. (MMSCM)

15 Nature of pipeline 18. Major natural gas pipeline network as on GAIL Reliance GSPL ARN IOCL Total Length (KM) 11,410 1,784 2, ,771 Natural gas Cap (MMSCMD) * *GAIL's pipeline capacity is inclusive of CJPL (5 MMSCMD) and DBPL (31 MMSCMD) which is the extension of DVPL-2 / VDPL. 19. Gas pipelines under execution / construction as on Network/ Region Kochi-Kottanad-Bengaluru-Mangalore Dabhol - Bengaluru (DBPL) Jagdishpur- Haldia-Bokaro-Dhamra Mallavaram Bhopal - Bhilwara Mehsana - Bathinda Bathinda - Jammu - Srinagar Kakinada - Vizag - Srikakulam Ennore - Nellore Entity GAIL (India) Ltd GAIL (India) Ltd GAIL (India) Ltd GSPC India Transco Ltd GSPC India Gasnet Ltd GSPC India Gasnet Ltd AP Gas Distribution Co. Gas Transmission India Pvt. Length sanctioned (KM) 1, ,539 2,042 2, Design capacity (MMSCMD) Pipeline size 24"/18"/12" 36"/30"/24"/18" 30 /24"/18"/12 /8 /4 42 /36"/30"/24"/18"/12 36 /24 /18 /12 24 /18 /16 /12 /8 /6 24 /18 /8 /4 24 /18 Ennore-Thiruvallur-Bengaluru-Puducherry- Indian Oil Corporation Nagapattinam-Madurai-Tuticorin Limited 1, /24 /16 /12 /10 Jaigarh-Mangalore H-Energy Pvt. Ltd " Total 11, Existing LNG terminals Location Promoters Capacity (MMTPA) as on Capacity utilisation in % April-May 2018 (P) Dahej Hazira Dabhol Kochi Petronet LNG Ltd (PLL) Hazira LNG Pvt Ltd (HLPL) RGPPL (GAIL - NTPC JV) Petronet LNG Ltd (PLL) 15 MMTPA 5 MMTPA MMTPA* 5 MMTPA Total Capacity 26.7 MMTPA * To increase to 5 MMTPA with breakwater 14 Snapshot of India's Oil & Gas data - June, 2018

16 21. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) as on State Entity operating Geographical area Haryana Andhra Pradesh Gujarat Haryana City Gas Distribution Ltd, Adani Gas Limited, GAIL Gas Ltd., Indraprastha Gas Ltd., Indian Oil-Adani Gas Pvt. Ltd. Sonepat, Faridabad, Gurgaon, Rewari, Panipat Bhagyanagar Gas Ltd, Godavari Gas Pvt.Ltd., Megha Kakinada, Vijayawada, East/ West Engineering & Infrastructures Godavari, Krishna Ltd. Gandhinagar, Mehsana, Sabarkantha and Patan, Surat- Bharuch-Ankleswar GA, Nadiad GA,Navsari GA, Rajkot GA, Surendra Nagar GA, Hazira GA, Valsad GA, Jamnagar GA, Sabarmati Gas Ltd, Gujarat Bhavnagar GA, Kutch (West) GA, Gas Ltd, Adani Gas Ltd, UT of Dadra and Nagar Haveli GA, Vadodara Gas Ltd, Hindustan Amreli District GA, Dahej-Vagra Petroleum Corporation Ltd, Taluka GA, Dahod District GA, Charotar Gas Sahakari Mandal Panchmahal District GA, Anand Ltd, IRM Energy Ltd. (Exclusive area authorised) district GA, Ahmedabad (Excluding area already authorised) district GA, Vadodara, Vadodara Rural and Ahmedabad Urban, Anand and Palanpur CNG stations No. of CNG vehicles PNG connections Domestic Commercial Industrial 52 1,26,627 80, ,418 17, ,39,930 18,88,382 18,035 4, Snapshot of India's Oil & Gas data - June, 2018

17 Domestic Commercial Industrial Telangana Bhagyanagar Gas Ltd. Hyderabad 33 24,518 7, Assam 21. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) as on Madhya Pradesh State Entity operating Geographical area CNG stations Rajasthan Assam Gas Co. Ltd Aavantika Gas Ltd, GAIL Gas Ltd Rajasthan State Gas Limited Delhi Indraprastha Gas Ltd. Karnataka Gail Gas Ltd., Megha Engineering & Infrastructures Ltd. Tinsukia, Dibrugarh, Sibsagar, Jorhat, Golaghat Dewas, Vijaipur, Indore including Ujjain, Gwalior, Pithampur ,843 1, ,775 33, Kota, Neemrana & Kukas 5 7, NCT of Delhi (Including Noida & Ghaziabad) ,34,815 9,21,639 2,251 1,302 Bengaluru, Tumkur , Chandigarh IndianOil- Adani Gas Chandigarh 4 4,000 28, Kerala Indian Oil- Adani Gas Ernakulam , Daman and Diu Dadra & Nagar Haveli Indian Oil- Adani Gas Daman and Diu , Gujarat Gas Ltd. Dadra & Nagar Haveli Punjab IRM Energy Pvt. Ltd. Fatehgarh Sahib Odisha GAIL (India) Ltd. Bhubaneswar Uttarakhand Indian Oil-Adani Gas Pvt. Ltd. No. of CNG vehicles PNG connections Udham Singh Nagar Snapshot of India's Oil & Gas data - June, 2018

18 21. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) as on Maharashtra Tripura State Entity operating Geographical area CNG stations West Bengal Mumbai, Greater Mumbai including Thane City, Mira Bhayender, Navi Mumbai, Ambernath, Bhiwandi, Kalyan, Dombivli, Badlapur, Mahanagar Gas Ltd, Ulhasnagar, Panvel, Kharghar Maharashtra Natural Gas & Taloja, Pune City including Ltd, Gujarat Gas Limited Pimpri Chinchwad along with adjoining contiguous areas of Hinjewadi, Chakan & Talegaon GA, Raigarh District and Palghar and Thane Rural Tripura Natural Gas Co. Ltd Great Eastern Energy Corporation Ltd. Domestic Commercial Industrial 272 8,27,022 12,55,934 3, Agartala 6 10,842 35, Kultora, Asansol, Raniganj, Durgapur No. of CNG vehicles PNG connections 7 3, Uttar Pradesh GAIL Gas Ltd, Sanwariya Meerut, Dibiyapur, Mathura, Gas Ltd, Green Gas Ltd, Agra, Kanpur, Bareilly, Central U.P. Gas Ltd, Siti Lucknow, Moradabad, Energy Ltd, Adani Gas Firozabad Geographical Area Ltd, Indian Oil-Adani Gas (TTZ), Khurja and Allahabad Pvt. Ltd. 85 1,40,899 1,21, Total 1,446 31,71,128 44,43,478 26,518 7, Snapshot of India's Oil & Gas data - June, 2018

19 Period November March Domestic natural gas price and gas price ceiling (GCV basis) Domestic Natural Gas price in US$/MMBTU 5.05 Gas price ceiling in US$/MMBTU - April September 2015 October March 2016 April September 2016 October March 2017 April September 2017 October March April September Snapshot of India's Oil & Gas data - June, 2018

20 International FOB prices/ Exchange rates ($/bbl) Price buildup of petroleum products (Rs./litre/Cylinder) Particulars Jun-18 Particulars Petrol* Diesel* Crude oil (Indian Basket) Price charged to dealers (excluding Excise Duty and VAT) Petrol Excise Duty Diesel Dealer Commission (Average) Kerosene VAT (incl VAT on dealer commission) LPG ($/MT) Retail selling price (RSP) -Rounded FO ($/MT) Particulars PDS SKO* Sub. Dom LPG* Naphtha ($/MT) Price before taxes and dealer/distributor commission Exchange (Rs./$) Dealer/distributor commission Customs & excise duty rates (w.e.f ) GST (incl GST on dealer/distributor commission) Product Basic Excise duty GST rates Retail Selling Price Customs duty Less: Cash Compensation on LPG to consumers under DBTL Petrol 2.50% Rs 19.48/Ltr ** Effective cost to consumer after subsidy Diesel 2.50% Rs 15.33/Ltr ** *Petrol and diesel at Delhi as per IOCL are as on 16th July, SKO at Mumbai is as PDS SKO Nil 5.00% on 16th July, 2018 and Sub. Dom LPG at Delhi is as on 1st July, Non-PDS SKO 5.00% 18.00% Domestic LPG Nil*** 5.00% Impact of changes in product price by $1 per bbl for PDS SKO and $10/MT Non Domestic LPG Furnace Oil (Non-Fert) Naphtha (Non-Fert) ATF Crude Oil 23. Information on Prices, Taxes and Under-recoveries/Subsidies Not Applicable 5.00% 18.00% 5.00% 18.00% 5.00% 18.00% Nil 14% * ** Nil+Rs.50/ - MT as NCCD Nil+Cess@ 20% +Rs.50 /- MT NCCD *2% for scheduled commuter airlines from regional connectivity scheme airports; ** Crude oil, Petrol, Diesel, ATF and Natural Gas are outside GST levy; # Social welfare 3% on petrol and diesel and 10% on other products is levied on aggregate duties of Customs.*** Customs duty is Nil for import of Domestic LPG sold to household consumers (including NDEC) by PSU OMCs. Customs duty rate is 5% for other importers of domestic LPG. ** Product PDS SKO Domestic LPG Total for Domestic LPG & change in exchange rate by 1 per $ Impact of change in product Impact of change in price by $1per bbl / $10per MT exchange rate by 1/$ Per unit impact ( /lit./cyl.) Annualised financial impact ( crore) ,060-1,480-1,300 Note: The above calculations are based on RTP for July, 2018 Per unit impact ( /lit./cyl.) Annualised financial impact ( crore) 19 Snapshot of India's Oil & Gas data - June, 2018

21 23. Information on Prices, Taxes and Under-recoveries/Subsidies Under-recoveries/subsidy & burden sharing Sales & profit of petroleum sector (Rs. Crores) Turnover PAT PDS Kerosene Upstream/midstream Companies (PSU) 148,473 27,231 Product Downstream Companies (PSU) 1,017,028 35,622 Rs./Crore Standalone Refineries (PSU) 120,430 5,181 Under Recovery Private-RIL 380,615 33,612 Subsidy under DBTK # Borrowings of OMCs (Rs. Crores) Total Company As on Mar`16* As on Mar`17 As on Mar`18 #DBTK subsidy excludes cash incentive/assistance for IOCL 52,880 54,820 58,030 establishment of institutional mechanisam for direct transfer BPCL 15,857 23,159 23,351 of subsidy paid to States/UTs. HPCL 21,167 21,250 20,991 Domestic LPG under DBTL (Direct benefit transfer for LPG) *Regrouped as per Ind AS Particulars Petroleum sector contribution to Central/State Govt. Rs./Crore Particulars DBTL subsidy 12,905 20,880 Central Government 2,53,615 3,34,534 3,43,858 PME &IEC^ - 25 % of total revenue receipts 21% 24% - Total 12,905 20,905 State Governments 1,60,209 1,89,770 2,09,155 % of total revenue receipts 8% 8% - PMUY (Pradhan Mantri Ujjwala Yojana) Total (Rs. Crores) 4,13,824 5,24,304 5,53,013 Particulars Subsidy as a percentage of GDP (at current prices) Rs./Crore Particulars PMUY claims Petroleum subsidy PME & IEC^ - 63 Total ^ on payment basis Note: GDP figure for and are Revised Estimates and are Provisional Estimates 20 Snapshot of India's Oil & Gas data - June, 2018

22 ONGC Ltd ONGC Videsh Ltd (OVL) Oil India Ltd (OIL) GAIL (India) Ltd Indian Oil Corp. Ltd. (IOCL) Bharat Petroleum Corp. Ltd (BPCL) Mangalore Refinery & Petrochem Ltd (MRPL) Chennai Petroleum Corp. Ltd (CPCL) Numaligarh Refinery Ltd (NRL) Balmer Lawrie Co. Ltd (BL) Engineers India Ltd (EIL) # 24. Capital expenditure of PSU oil companies (Rs in crores) Company (P) (P) (P) Hindustan Petroleum Corp. Ltd (HPCL) Target April-June (P) 29,997 29,502 28,010 72,383 32,077 5,821 7,172 6,783 18,360 6,240 5,886 1,073 3,774 3,550 10,514 8,395 4, ,632 1,880 2,180 3,613 4, ,314 14,368 21,918 20,345 22,862 5,852 2,670 5,459 5,861 7,134 8,425 1,157 6,875 10,926 16,810 8,161 7,400 2,102 2,747 1, , ,318 1, , Total 69,830 75, , ,981 89,335 17,957 (P) Provisional & includes expenditure on investment in JV/subsidiaries. # Included from Snapshot of India's Oil & Gas data - June, 2018

23 25. Conversion factors and volume conversion Weight to volume conversion Volume conversion Product Weight Volume Barrel (MT) (KL) (bbl) From To LPG US Barrel (bbl) 159 litres Petrol (MS) US Barrel (bbl) 42 US Gallons Diesel (HSD) US Gallon 3.78 litres Kerosene (SKO) Kilo litre (KL) 6.29 bbl ATF Million barrels per day 49.8 MMTPA Light Diesel Oil (LDO) Energy conversion Furnace Oil (FO) Kilocalorie (kcal) kj Crude Oil Kilocalorie (kcal) Btu Exclusive Economic Zone 1 Kilowatt-hour (kwh) 860 kcal 200 Nautical Miles Kilometers 1 Kilowatt-hour (kwh) 3,412 Btu Natural gas conversions 1 Standard Cubic Metre Cubic Feet 1 MMBTU 1 BCM/year of Gas 2.74 MMSCMD 1 TCF of Gas Reserve 3.88 MMSCMD 1 MMTPA of LNG 3.60 MMSCMD 1 MT of LNG 1,314 SCM GCV (Gross Calorific Value) NCV (Net Calorific Value) Gas required for 1 MW power generation Power generation from 1 MMSCMD of gas 25.2 kcal/scm 10,000 kcal/scm 90% of GCV 4,541 SCM/day 220 MW 22 Snapshot of India's Oil & Gas data - June, 2018