Ministry of Petroleum & Natural Gas

Covid-19 Effect on Import of Oil

Posted On: 14 SEP 2020 2:19PM by PIB Delhi

Oil and gas sector PSUs have informed that COVID 19 pandemic has resulted in unprecedented fall in demand which in-turn has reduced revenue consequent to lockdown imposed in the country.

Consumption of all petroleum products has increased as the country is going towards unlock process. Month-wise consumption of petroleum products and Import of crude oil are given below:

 

Total Consumption of petroleum products (in MMT)

April, 2020

May, 2020

June, 2020

July, 2020

9.89

14.63

16.25

15.68

Imports of crude oil (MMT)

16.55

14.61

13.68

12.34

Note: Data on import of oil and Consumption of Petroleum products is provisional basis;

 

The sector-wise sale of Natural Gas in Million Metric Standard Cubic Meter Per Day (MMSCMD) in India during Financial Year 2019-2020 and April-July 2020 is as below:

 

Sector

2019-20

April-July 2020

Domestic

RLNG

Total

Domestic

RLNG

Total

Power

20.09

10.10

30.19

23.43

7.25

30.68

Fertilizers

17.81

26.06

43.87

20.83

27.61

48.44

CGD

16.00

12.69

28.69

7.81

8.39

16.20

Others

14.44

35.98

50.42

21.07

33.87

54.93

Total

68.34

84.83

153.17

73.14

77.11

150.25

Note: The above does not include natural gas consumed as internal consumption of upstream producers (which is in the range of 17-19 MMSCMD).

 

Due to the Covid-19 Outbreak throughout and world and nationwide lockdown imposed in the country, Indian refineries were operating with reduced capacity.

 

The details of revenue generated during period April-June 2020 vis-a-vis April-June 2019 is given below

                                                               (in Rs. Crore)

S.No

Name of the Public Sector Company

April-June of 2020

April-June 2019

1.

IOCL

88936.54

150136.70

2.

HPCL

45,885

74,530

3.

BPCL

50616.92

85,859.59

4.

GAIL

12,060

18,276

 

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

*****

 YKB/SK



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