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.
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