Ready Reckoner Snapshot of India s Oil & Gas data March, 2017 Petroleum Planning & Analysis Cell

Transcription

1 Ready Reckoner Snapshot of India s Oil & Gas data March, 2017 Petroleum Planning & Analysis Cell (Ministry of Petroleum & Natural Gas)

2 Index of Tables Description Table Page Highlights for the month Selected indicators of the Indian economy 5 2 Crude oil, LNG and petroleum products at a glance 6 3 Indigenous crude oil production 7 4 Domestic oil & gas production vis à vis overseas production 7 5 High Sulphur (HS) & Low Sulphur (LS) Crude Oil processing 7 6 Quantity and value of crude oil imports 8 7 Self sufficiency in petroleum products 8 8 Refineries: Installed capacity and crude oil processing Major crude oil and product pipeline network 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 Gas pipelines under execution/ construction Existing LNG terminals Status of PNG connections, CNG stations and CNG vehicles across India Major natural gas pipeline network Domestic natural gas price and gas price ceiling Information on prices, taxes and under recoveries Capital expenditure of PSU oil companies Conversion factors and volume conversion 22 1 Snapshot of India's Oil & Gas data March, 2017

3 Highlights for the month Indigenous crude oil production during March, 2017 was marginally higher by 0.9% than that of March, 2016 and higher by 10.5% over February, On cumulative basis, it was lower by 2.5% than that of the previous year There was a reduction of crude oil production by 0.4 MMT in BH, 0.4 MMT in Mangala and 0.2 MMT in Ravva fields. Total crude oil processed during March, 2017 was 21.3 MMT, a marginal decrease of 0.3% over March, 2016 and an increase of 11.9% over February, Crude oil processing during March,2017 was the second highest in on monthly basis. On cumulative basis crude oil processed was MMT, an increase of 5.4% over the period April March, Around 6.4 MMT of the 12.5 MMT increase on cumulative basis was contributed by Paradip refinery and 1.8 MMT by Essar Oil Limited. An increase of around 1.0 MMT each was recorded in HPCL Mumbai, CPCL Manali and BPCL Kochi refineries. Production of petroleum products during March, 2017 saw a growth of 2.0% over March, 2016 and a growth of 15.0% over February, POL production of 21.7 MMT during March, 2017 was the highest production till date in a month from refineries and fractionators. On cumulative basis a growth of 5.0% was recorded in production over the period April March, POL production of MMT during was the highest petroleum products production to date. Export of POL products increased by 13.1% during March, 2017 as compared to March, 2016 primarily due to higher production as well as higher surplus availability of POL products like MS, ATF and HSD, which constituted around 76.9% of total POL exports. Further, export of POL increased by 33.0% over February,2017 due to increase in export quantity of MS, Naphtha and HSD. Foreign exchange earnings of US$ 2775 million was the highest during any month in financial year On cumulative basis, an increase of 7.3% was recorded in product exports over the period April March, Exports of MMT during (P) were the second highest till date during any financial year after The percentage share in export by PSU/JV sector was 19.3% while private sector accounted for 80.7% during the financial year (P). 2 Snapshot of India's Oil & Gas data March, 2017

4 Product imports increased by 17.0% during March, 2017 over the corresponding period of 2016 and by 9.6% over February, LPG, Lubes and Pet coke imports contributed to 81.1 % share of total POL imports during March, On cumulative basis an increase of 21.7% was recorded in product imports over the previous year which was mainly due to increase in pet coke imports by the private sector. Total petroleum product consumption for the last three months continuously in a row recorded negative growth. During March 2017, degrowth of 0.6% and cumulative growth of 5.2% for the period April 2016 to March 2017 was observed. In March 2017, except for LPG, MS, HSD, ATF and Pet Coke, all other products recorded a negative growth. Compounded Annual Growth Rate (CAGR) of total petroleum product consumption during 12th Five Year Plan ( ) was 5.6% as compared to 4.2% during 11th Plan period ( ). Total LPG consumption continuously for the last forty three months in a row recorded a positive growth of 1.9% during March 2017 and cumulative growth of 9.8% for the period April 2016 to March Records from to show that there was always growth in total LPG consumption every year except for a minor degrowth of 1.2% during SKO registered a major de growth of 26.8 % during March 2017 and 21.0% on cumulative basis, which was the highest ever degrowth since This was mainly because of reduced SKO allocation to states, voluntary surrender of PDS SKO quota by some states and release of about lakhs new connections including approximately lakh connections released on account of Ujjwala scheme since its inception in May Snapshot of India's Oil & Gas data March, 2017

5 Growth in ATF consumption during March 2017 was 10.4% and 12.1% during the period April 2016 to March This is the highest growth in annual consumption of ATF since which was mainly due to more than 20% growth in domestic passenger traffic during the year. Gross production of natural gas during March, 2017 was 2,750 MMSCM which was higher by 8.3% compared with the corresponding month of the previous year. Cumulative gross production of natural gas of 31,897 MMSCM for was lower by 1.1% compared with the corresponding period of the previous year. Gross natural gas production during was the lowest production in the last four years. LNG import for the month of March, 2017 was 2,076 MMSCM which was 6% higher than the corresponding month of the previous year. The cumulative import of MMSCM for was higher by 15.5% compared with the corresponding period of the previous year. LNG import during was the highest during the last four years. The prices of Brent crude averaged $51.56/bbl during March, 2017 as against $55.11/bbl during February, The Indian basket crude averaged $51.47/bbl during March, 2017 as against $54.86/bbl during the previous month. The price of Indian basket crude rose by 3% during at an average of $47.56/bbl as against $46.18/bbl during The import bill of crude oil is estimated to increase by 9% from $64 billion in to $70 billion in Snapshot of India's Oil & Gas data March, 2017

6 1. Selected indicators of the Indian economy Economic indicators Unit/Base (P) (P) 1 Population (as on 1 st March, 2011) Billion GDP at Factor Cost (Constant prices) Growth % rd RE 2nd RE 1st RE 2nd AE MMT Agricultural Production (Food grains) Final 2nd AE Growth % Gross Fiscal Deficit % (RE) Economic indicators Unit/ March April March Base (P) (P) 5 Index of Industrial Production Growth % ~ ~ 6 Imports $ Billion Exports $ Billion Trade Balance $ Billion Foreign Exchange Reserves $ Billion * 370.0^ ~IIP is for the month of February 2017; AE Advanced Estimates; RE Revised Estimates; *As on Mar 25, 2016; ^As on Mar 31, Snapshot of India's Oil & Gas data March, 2017

7 2. Crude oil, LNG and petroleum products at a glance Details Unit/ March April March Base (P) (P) 1 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 MMT MMT $ Billion $ Billion Gross petroleum imports MMT (Crude + POL) $ Billion Petroleum products exports MMT $ Billion LNG imports Petroleum imports as % of India's gross imports (in value) $ Billion % Petroleum exports as % of India's gross exports (in value) Import dependency of crude (on consumption) % % % % % % % % 6 Snapshot of India's Oil & Gas data March, 2017

8 3. Indigenous crude oil production (Million Metric Tonne) March April March Details (P) (Actual) (Target)* (Actual) (Target)* (P) ONGC Oil India Limited (OIL) Private / Joint Ventures (JVs) Total Crude Oil Condensate Total (Crude + Condensate) (MMT) Total (Crude + Condensate) (Million Bbl) *Target is inclusive of condensate. Note: Some sub totals/ totals may not add up due to rounding off at individual levels 4. Domestic oil & gas production vis à vis overseas production Total domestic production (MMTOE) Overseas production (MMTOE) Overseas production as % of domestic production Source ONGC Videsh, GAIL, OIL, IOCL & HPCL Details March April March (P) (P) % 13.5% 15.0% 26.7% 14.1% 23.4% 5. High Sulphur (HS) & Low Sulphur (LS) crude oil processing (MMT) Details March April March (P) (P) 1 High Sulphur crude Low Sulphur crude Total crude processed Share of HS crude in total crude oil processing 72.0% 72.3% 72.2% 71.9% 71.3% 72.4% 7 Snapshot of India's Oil & Gas data March, 2017

9 6. Quantity and value of crude oil imports Year Quantity (MMT) $ Million Rs. Crore (Actuals) ,972 4,16, (Provisional) ,727 4,67,371 Note: April 2016 to March 2017 imports are based on actuals. Impact of variation in Crude oil price & Exchange rate on Crude oil imports for April 2016 March 2017 : If crude prices increase by one $/bbl Net Import bill increases by Rs. 10,550 crores ($ 1.57 bn) If exchange rate of $ increases by Rs. 1/$ Net Import bill increases by Rs. 6,973 crores ($ 1.02 bn) 7. Self sufficiency in petroleum products (Million Metric Tonnes) Details March April March (P) (P) 1 Indigenous crude oil processing : a) Products from indigenous crude (93.3% of crude oil processed) b) Products from fractionators (Including LPG and Gas) Total production from indigenous crude & condensate (a + b ) Total domestic consumption % Self sufficiency (2 / 3) 22.4% 21.5% 17.2% 17.3% 19.1% 17.9% Note: Indigenous crude oil processed by RIL DTA for March 2017 is provisionally taken as average of Indigenous crude oil processed during April 2016 February Snapshot of India's Oil & Gas data March, 2017

10 Company IOCL CPCL 8. Refineries: Installed capacity and crude oil processing (MMTPA / MMT) Installed Crude oil processing Refinery capacity March April March (Actual) (Target)* 2017 (P) ( ) (P) (Actual) (Target)* Barauni (1964) Koyali (1965) Haldia (1975) Mathura (1982) Panipat (1998) Guwahati (1962) Digboi (1901) Bongaigaon(1979) Paradip (2016) IOCL TOTAL 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 March, 2017

11 Company Refinery Installed capacity ( ) Crude oil processing March April March (P) (Actual) (Target)* (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) EOL Vadinar (2006) All India * RIL target for is previous year crude processing. Note: Some sub totals/ totals may not add up due to rounding off at individual levels. Crude Oil (as on ) Products (as on ) Other includes GAIL and Petronet India. 9. Major crude oil and product pipeline network ONGC OIL Cairn HMEL IOCL BPCL HPCL Other Total Length (KM) 1,191 1, ,017 5, ,215 Cap (MMTPA) Length (KM) 654 7,491 1,935 3,313 2,687 16,080 Cap (MMTPA) Snapshot of India's Oil & Gas data March, 2017

12 10. Gross Refining Margins (GRM) of refineries ($/bbl) Company Refinery Apr Dec '16 Barauni Koyali Haldia Mathura IOCL Panipat Guwahati Digboi Bongaigaon Paradip Average Kochi BPCL Mumbai Average Mumbai HPCL Visakhapatnam Average CPCL Chennai MRPL Mangalore NRL Numaligarh BORL Bina RIL Jamnagar Essar Vadinar * *Being unlisted company, quarterly results not declared. 11 Snapshot of India's Oil & Gas data March, 2017

13 11. GRM of North East refineries excluding excise duty benefit ($/bbl) Company Refinery Apr Dec '16 Guwahati IOCL Digboi Bongaigaon NRL Numaligarh Production and consumption of petroleum products (Million Metric Tonnes) April 2014 March 2015 March 2016 March 2017 (P) April 2015 March 2016 April 2016 March 2017(P) Products Prod n Consump n Prod n Consump n Prod n Consump n Prod n Consump n Prod n Consump n LPG MS NAPHTHA ATF SKO HSD LDO LUBES FO/LSHS BITUMEN OTHERS ALL INDIA Growth (%) 0.2% 4.5% 12.0% 19.0% 2.0% 0.6% 4.8% 11.6% 5.0% 5.2% Note: Prod n Production; Consump n Consumption 12 Snapshot of India's Oil & Gas data March, 2017

14 13. LPG consumption (Thousand Metric Tonne) LPG category March April March (P) Gr (%) (P) Gr (%) 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 Allocation Upliftment Kerosene 89,75,538 88,78,352 14, , , , , , , , , , , , , , , , , , , , , Kerosene allocation vs upliftment (Kilo Litres) (April March 2017) (P) Allocation Upliftment Allocation Upliftment 86,85,384 85,36,752 69,33,030 66,78, Industry marketing infrastructure (as on ) (Provisional) Particulars IOCL BPCL HPCL RIL ESSAR SHELL Others Total POL Terminal/ Depots (Nos.) $ 2 6* 322 Aviation Fuel Stations (Nos.) @ 211 Retail Outlets (total) (Nos.) 26,212 13,983 14,412 1,400 3, ^ 59,595 LPG Distributors (total) (Nos.) (PSUs only) 9,570 4,684 4,532 18,786 SKO/LDO agencies (Nos.) 3,904 1,001 1,638 6,543 LPG Bottling plants (Nos.) (PSUs only) # 189 LPG Bottling capacity (TMTPA) (PSUs only) 8,905 3,663 3,672 24~ 16,264 Rural ROs (Nos.) 7,051 2,492 3, , ,905 RGGLVY (Nos.) 2,899 1,455 1,407 5,761 LPG registered domestic consumers (Nos. crore) (PSUs only) $ RIL= 5 Terminals &13 Mini Depots; *4 MRPL & 2 1, ^MRPL 4 #NRL 1; ~NRL Snapshot of India's Oil & Gas data March, 2017

15 Details (Actual) March 2017 (Target)* 2017 (P) (Actual) (MMSCM) April March (P) (Target)* (a) Gross production 35,407 33,657 2,540 3,116 2,750 32,249 34,119 31,897 ONGC 23,284 22,023 1,643 2,096 1,972 21,177 22,743 22,088 Oil India Limited (OIL) 2,626 2, ,838 2,950 2,937 Private / Joint Ventures (JVs) 9,497 8, ,235 8,425 6,872 (b) Net production 34,574 32,693 2,440 2,669 31,138 30,848 (excluding flare gas and loss) (c) LNG import (d) Total consumption including internal consumption (Net production+import) (b+c) (e) Total consumption (in BCM) (f) Import dependency based on consumption {c/d*100} 16. Natural gas at a glance 17,728 18,536 1,958 2,076 21,309 24,608 52, Note :LNG import figure of RIL for March 2017 is on estimated basis. 51,229 4,398 4, Coal Bed Methane (CBM) gas development in India Prognosticated CBM resources 92 TCF Established CBM resources 9.9 TCF Total available coal bearing areas 26,000 Sq. KM Exploration initiated 17,200 Sq. KM Blocks awarded 33 Nos. Production of CBM gas March, MMSCM Production of CBM gas Cumulative April 2016 March MMSCM , , Snapshot of India's Oil & Gas data March, 2017

16 Existing Dahej Hazira Dabhol Kochi 18. Gas pipelines under execution / construction as on Length Design cap. Network/ Region Entity sanctioned (MMSCMD) (KM) GAIL (India) Ltd 1, Kochi Kottanad Bengaluru Mangalore Dabhol Bengaluru (DBPL) Surat Paradip Jagdishpur Haldia Bokaro Dhamra Mallavaram Bhopal Bhilwara Mehsana Bathinda Bathinda Jammu Srinagar Kakinada Vizag Srikakulam Shahdol Phulpur Ennore Nellore Ennore Thiruvallur Bengaluru Puducherry Nagapattinam Madurai Tuticorin Jaigarh Mangalore Total Promoters Hazira LNG Pvt Ltd (HLPL) RGPPL (GAIL NTPC JV) 24"/18"/12" 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. Reliance Gas Pipelines Ltd Gas Transmission India Pvt. Ltd 315 2,112 2,539 2,042 2, "/30"/24"/18" 36"/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 / /18 Indian Oil Corporation Limited H Energy Pvt..Ltd. 1, , Existing LNG terminals as on Capacity (MMTPA) Petronet LNG Ltd (PLL) 10 MMTPA up to July, 2016 increased to 15 MMTPA from August, MMTPA MMTPA in phase 1 without break water to be increased to 5 MMTPA 17 Pipeline size 28 /24 /16 /12 /10 Capacity utilisation (Apr Dec 2016) Apr July, % Aug Sep, % October December 97% approx 75.8% Petronet LNG Ltd (PLL) 5 MMTPA 5% approx. Total Capacity MMTPA 15 Snapshot of India's Oil & Gas data March, " 56.3%

17 Haryana Gujarat 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) State Entity operating Geographical region Haryana City Gas, Adani Sonepat, Faridabad, Gurgaon Gas Limited, GAIL Gas Ltd. Domestic Industrial Commercial As on As on As on As on As on , ,25,227 Andhra Pradesh Bhagyanagar Gas Ltd Kakinada, Vijayawada 12 3, ,666 Telangana Bhagyanagar Gas Ltd Hyderabad 24 2, ,545 Assam Gas Co. Ltd Tinsukia, Dibrugarh, Sibsagar, Assam 0 29, ,000 0 Jorhat, Golaghat Sabarmati Gas Ltd, Gandhinagar, Mehsana, Gujarat Gas Ltd, Adani Sabarkantha, Nadiad, Halol, Energy Ltd, Vadodara Hazira, Rajkot, Khambhat, Gas Ltd, Hindustan Karjan Palej, Valsad, Navsari, Petroleum Corporation Surendernagar, Vadodara, Ltd, Charotar Gas Sahakari Mandal Ltd Ahmedabad, Surat, Ankleshwar, Bharuch & surrounding areas, Bhavnagar, Jamnagar, Vapi, Anand CNG stations PNG connections No. of CNG vehicles ,40,158 4,256 14,718 10,56,937 Aavantika Gas Ltd, GAIL Dewas, Vijaipur, Indore Madhya Pradesh Gas Ltd including Ujjain, Gwalior, 23 10, ,765 Pithampura Rajasthan GAIL Gas Ltd Kota , Snapshot of India's Oil & Gas data March, 2017

18 Maharashtra 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) State Entity operating Geographical region Mumbai, Greater Mumbai, Thane & adjoining contiguous areas including Mira Bhayender, Navi Mumbai, Thane City, Ambernath, Mahanagar Gas Ltd, Bhiwandi, Kalyan, Dombivily, Maharashtra Natural Badlapur, Ulhasnagar, Panvel, Gas Ltd, GAIL Gas Ltd Kharghar & Taloja, Pune City including Pimpri Chinchwad and adjoining contiguous areas of Chakan, Hinjewadi & Talegaon GA CNG stations PNG connections Domestic Industrial Commercial No. of CNG vehicles As on As on As on As on As on ,87, ,385 6,71,377 Tripura West Bengal Tripura Natural Gas Co. Ltd Great Eastern Energy Corporation Ltd Agartala Kolkata 5 28, , ,148 Uttar Pradesh GAIL Gas Ltd, Sanwariya Gas, Green Gas, Central U.P. Gas, Siti Energy Ltd 48 47, ,16, Snapshot of India's Oil & Gas data March, 2017

19 20. Status of PNG connections, CNG stations and CNG vehicles across India (Nos.) PNG connections No. of CNG Geographical CNG State Entity operating stations Domestic Industrial Commercial region vehicles As on As on As on As on As on NCT of Delhi (Incl. New Delhi Indraprastha Gas Ltd Noida & 420 7,23, ,835 8,92,324 Ghaziabad) Karnataka Gail Gas Ltd. Bengaluru 3 2, Dadra & Nagar Dadra & Nagar Gujarat Gas Ltd. Haveli Haveli Total 1,197 35,27,801 6,691 21,833 29,42,721 Note : Domestic PNG connection of Karnataka is as on Major natural gas pipeline network Nature of pipeline GAIL Reliance GSPL ARN IOCL ONGC Total Length (KM) 11,077 1,469 2, ,121 Cap (MMSCMD) Natural gas (as on ) Period November 2014 March 2015 April 2015 September 2015 October 2015 March 2016 April 2016 September 2016 October 2016 March Domestic natural gas price and gas price ceiling Domestic Natural Gas price in US$/MMBTU (GCV basis) Gas price ceiling in US$/MMBTU (GCV Basis) April 2017 September Snapshot of India's Oil & Gas data March, 2017

20 23. Information on Prices, Taxes and Under recoveries International prices/ Exchange rates ($/bbl) Price buildup of petroleum products (Rs./litre/Cylinder) Particulars Particulars Petrol* Diesel* Crude (Indian Basket) Petrol Price before taxes and dealer commission Diesel Central taxes Kerosene State taxes LPG ($/MT) Dealer commission FO ($/MT) Retail selling price (RSP) Naphtha ($/MT) Exchange (Rs./$ ) Particulars PDS SKO* Sub. Dom LPG* Customs & excise duty rates (w.e.f ) Price before taxes and Product Basic customs duty Excise duty dealer commission Petrol Diesel PDS SKO Non PDS SKO 2.50% 2.50% Nil 5.00% Rs 21.48/Ltr Rs 17.33/Ltr NIL 14.00% Central taxes State taxes Dealer commission Retail Selling Price Sub. Dom LPG Non Domestic LPG Furnace Oil (Non Fert) NIL 5.00% 5.00% NIL 8.00% 14.00% Less cash compensation (CC) under DBTL CC by OMCs towards uncompensated cost Effective cost to consumer after subsidy * SKO at Mumbai as on 16th April, 2017,. Petrol and diesel at Delhi as on 16th April, Naphtha (Non Fert) 5.00% 14.00% 2017 and LPG as on 1st April at Delhi. RSP of Subsidized Dom LPG rounded. ATF NIL 14% * NIL+ Cess@ NIL+Rs.50/ MT as NCCD Crude Oil 20%+Rs.50 / MT NCCD *8% for scheduled commuter airlines from regional connectivity scheme airports Change in Ex. Rate/ Crude price : Impact on under recoveries (Rs. Crores) Rs.1/$ Ex. Rate $1/bbl Crude Impact on under recovery 1,200 1,520 Note: The above calculation for SKO & LPG are based on RTP for April 2017 at level of Crude Price $51.80/bbl & Ex. Rate Rs.66.05/USD 19 Snapshot of India's Oil & Gas data March, 2017

21 23. Information on Prices, Taxes and Under recoveries Under recoveries & burden sharing Sales & profit of petroleum sector (Rs. Crores) Product Apr Dec`16 Apr Dec`16 Turnover PAT Per unit under recovery (Rs./litre/Cylinder) Upstream Companies (PSU) 97,788 18,332 Diesel 2.70^ Deregulated Deregulated Downstream Companies (PSU) 6,48,793 25,973 PDS SKO Standalone Refineries (PSU) 82,223 4,062 Sub. Dom LPG * 76.14* Private RIL 2,37,291 Total under recoveries including DBTL (Rs. Crores) 21,825 Diesel 10,935^ Deregulated Deregulated Borrowings of OMCs (Rs. Crores) PDS SKO 24,799 11,496 5,721 Company As on Mar`15 As on Mar`16 As on Dec.`16 Sub. Dom LPG# 40,551 16,074 7,654 IOCL 55,248 52,469 37,811 Total 76,285 27,570 13,375 BPCL 13,098 15,976 16,274 Burden sharing (Rs. Crores) HPCL 20,335 21,337 15,313 Particulars Apr Dec`16 Petroleum sector contribution to Central/State Govt. Government 31, ** 13,375** Particulars Apr Dec`16 Upstream 42,822 1,251 0 Central Government 1,72,066 2,58,443 2,20,313 OMCs 2, % to total revenue receipt 16% 21% N.A Fiscal subsidy under Govt. schemes (Rs. Crores) State Governments 1,60,554 1,60,209 1,29,937 PDS SKO 681 Scheme was extended till % to total revenue receipt 9% 8% NA Sub. Dom LPG 1, Total (Rs. Crores) 3,32,620 4,18,652 3,50,250 *Average of DBTL and under recovery towards non DBTL; # Incl Subsidy as a % of GDP(at current prices) subsidy under DBTL ( : Rs.3,971 cr, : Rs.16,056 cr Apr Jan`17 Rs.7,654 cr; ** Govt. compensation pending disbursement for Particulars PDS SKO(Apr Dec`16 Rs.5,269 cr); ^up to only. Petroleum subsidy Note GDP figure for are 2 nd RE, are RE and are PE 20 Snapshot of India's Oil & Gas data March, 2017

22 24. Capital expenditure of PSU oil companies April March Company (P) Target* 2017 (P) ONGC Videsh Ltd (OVL) 35,357 7,172 6,783 14,843 18,360 ONGC Ltd 32,470 29,997 29,502 29,307 28,010 Oil India Ltd (OIL) 9,351 3,774 3,550 4,020 10,514 GAIL (India) Ltd 4,070 1,632 1,880 1,929 2,180 Indian Oil Corp. Ltd. (IOCL) 16,661 14,314 14,368 15,395 21,918 Hindustan Petroleum Corp. Ltd (HPCL) 2,642 2,670 5,459 6,862 5,861 Bharat Petroleum Corp. Ltd (BPCL) 4,374 6,875 10,926 13,097 16,810 Mangalore Refinery & Petrochem Ltd (MRPL) 1,449 2,747 1, Chennai Petroleum Corp. Ltd (CPCL) ,318 1,148 1,293 Numaligarh Refinery Ltd (NRL) Balmer Lawrie Co. Ltd (BL) TOTAL 1,07,095 69,830 75,611 87,603 1,06,133 * Targets are for full financial year and actual is for April March, Budget Estimates are for both Plan and Non Plan 21 Snapshot of India's Oil & Gas data March, 2017

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 25.2 kcal/scm 1 BCM/year of Gas 1 TCF of Gas Reserve 2.74 MMSCMD 3.88 MMSCMD GCV (Gross Calorific Value NCV (Net Calorific Value) 10,000 kcal/scm 90% of GCV 1 MMTPA of LNG 3.60 MMSCMD Gas required for 1 MW power generation 4,541 SCM/day 1 MT of LNG 1,314 SCM Power generation from 1 MMSCMD of gas 220 MW 22 Snapshot of India's Oil & Gas data March, 2017