Lok Sabha Question No. 300 (UNSTARRED), answered on 2022-02-03
Subject: Debts due to Oil Bonds
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Dayanidhi Maran

## LOK SABHA UNSTARRED QUESTION NO. 300 TO BE ANSWERED ON 3 RD  FEBRUARY, 2022

## Debts due to Oil Bonds

## 300. SHRI DAYANIDHI MARAN:

## पेोलयम और ाक ृ तक गैस मंी

Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a) the details of the current outstanding debt of the Government due to Oil Bonds;
- (b)  the  details  of  the  policy  decisions taken by the  Government between June, 2014 and December, 2021 regarding repayment of Oil bonds;
- (c) the details of the annual interest on these oil bonds along with the amount paid by the Government on this account during the last seven fiscal years; and
- (d)  the  details  of  the  revenue  generated  through  the  taxes  collected  on  fuel  and  gas products during the last seven fiscals?

## ANSWER

## पेोलयम और ाक ृ तक गैस मंालय म राय मंी ( ी रामेवर तेल )

## MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI RAMESWAR TELI)

- (a): Maturity-wise details of outstanding oil bonds are given at the Annexure-I
- (b) & (c): Year-wise interest payments on oil bonds and the amount repaid during the  period  from  2014-15  to  2020-21  is  given  at  the  Annexure-II.  Government  has consistently honoured its payment obligations with respect to oil bonds.
- (d): The details of contribution to central and state exchequer from petroleum sector from all the activities since 2014-15 is given below:

Rs./Crore

| Year           | Total Contribution to Central Exchequer   | Total Contribution to State Exchequer   | Total Contribution of Petroleum Sector to Exchequer   |
|----------------|-------------------------------------------|-----------------------------------------|-------------------------------------------------------|
| 2014-15        | 1,72,065                                  | 1,60,554                                | 3,32,620                                              |
| 2015-16        | 2,54,297                                  | 1,60,209                                | 4,14,506                                              |
| 2016-17        | 3,35,175                                  | 1,89,770                                | 5,24,945                                              |
| 2017-18        | 3,36,163                                  | 2,06,863                                | 5,43,026                                              |
| 2018-19        | 3,48,041                                  | 2,27,591                                | 5,75,632                                              |
| 2019-20        | 3,34,315                                  | 2,21,056                                | 5,55,370                                              |
| 2020-21        | 4,55,069                                  | 2,17,650                                | 6,72,719                                              |
| H1-2021-22 (P) | 2,16,794                                  | 1,33,130                                | 3,49,923                                              |

Based on data provided to Petroleum Planning and Analysis Cell (PPAC) by 16 major oil & gas companies x-x-x-x-x

Annexure  referred  to  in  reply  to  part  (a)  of  Lok  Sabha  Unstarred  Question No.300 asked by Shri  Dayanidhi Maran to  be answered on 03 February, 2022 regarding   ' Debts due to Oil Bonds'.

## Details of Maturity-wise current outstanding Oil Bonds

(Rs.crore)

| S. NO.   | Name of the Security                                                  | Maturity date   |   Amount |
|----------|-----------------------------------------------------------------------|-----------------|----------|
| 1        | 8.20% Oil Marketing Companies Government of India Special Bonds, 2023 | 10-11-2023      |  8011    |
| 2        | 8.01% Oil Marketing Companies Government of India Special Bonds, 2023 | 15-12-2023      |  2895    |
| 3        | 8.20%Oil Marketing Companies Government of India Special Bonds, 2024  | 12-02-2024      |  4680    |
| 4        | 8.20% Oil Marketing Companies Government of India Special Bonds, 2024 | 15-09-2024      | 10306.3  |
| 5        | 6.35% Oil Marketing Companies Government of India Special Bonds 2024  | 23-12-2024      | 21701    |
| 6        | 7.95% Oil Marketing Companies Government of India Special Bonds 2025  | 18-01-2025      |  5636.92 |
| 7        | 8.40% Oil Marketing Companies Government of India Special Bonds, 2025 | 28-03-2025      |  2056.92 |
| 8        | 6.90%Oil Marketing Companies Government of India Special Bonds 2026   | 04-02-2026      | 21942    |
| 9        | 8.00%Oil Marketing Companies Government of India Special Bonds 2026   | 23-03-2026      | 10000    |
| 10       | 8.40% Oil Marketing Companies Government of India Special Bonds, 2026 | 29-03-2026      |  4971    |
|          | TOTAL:                                                                |                 | 92200.2  |

Annexure-II Annexure  referred  to  in  reply  to  part  (c)  of  Lok  Sabha  Unstarred  Question No.300 asked by Shri  Dayanidhi Maran to  be answered on 03 February, 2022 regarding ' Debts due to Oil Bonds'. Year-wise details (last seven FY) of Principal repayment and interest payment on Oil

Bonds (Rs. crore)

| Year    |   Principal Repayment |   Interest Repayment |
|---------|-----------------------|----------------------|
| 2014-15 |                  3500 |             10256    |
| 2015-16 |                     0 |              9989.96 |
| 2016-17 |                     0 |              9989.96 |
| 2017-18 |                     0 |              9989.96 |
| 2018-19 |                     0 |              9989.96 |
| 2019-20 |                     0 |              9989.96 |
| 2020-21 |                     0 |              9989.96 |