Lok Sabha Question No. 903 (UNSTARRED), answered on 2021-12-02
Subject: Impact on Import of Crude Oil
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Maneka Sanjay Gandhi

## LOK SABHA

## UNSTARRED QUESTION No. 903 TO BE ANSWERED ON 2 nd  December, 2021

## Impact on Import of Crude Oil

903. SHRIMATI MANEKA SANJAY GANDHI:

## पेोिलयम और ाकृितक गैस मंी

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

- (a) whether the oil production cuts by Saudi Arabia has impacted the import of crude oil in the country;
- (b) if so, the details thereof; and
- (c) whether the State owned refineries have reviewed their oil import contracts in the current financial year and if so, the details thereof?

## ANSWER पेोलयम और ाक ृ तक गैस मंालय म राज् य मंी

## ( ी रामेश ् वर तेल )

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

- (a) & (b): The  details  of  total  crude  oil  import  and  percentage  crude  oil  import  from Saudi  Arabia  by  Public  Sector  Oil  Marketing  Companies  during  the  last  three  years  and current year are as under:-

| Particulars                                                                           | 2018- 19                                                    | 2019- 20                                                    | 2020- 21                                                    | 2021-22 (April- October) (P)                                |
|---------------------------------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|-------------------------------------------------------------|
| Total crude oil import - InMMT                                                        | 226.5                                                       | 227.0                                                       | 196.5                                                       | 118.5                                                       |
| Percentage share of crude oil import from Saudi Arabia out of total crude oil import% | 17.6                                                        | 18.3                                                        | 18.0                                                        | 15.9                                                        |
| Source: Petroleum Planning &Analysis Cell, (P): Provisional                           | Source: Petroleum Planning &Analysis Cell, (P): Provisional | Source: Petroleum Planning &Analysis Cell, (P): Provisional | Source: Petroleum Planning &Analysis Cell, (P): Provisional | Source: Petroleum Planning &Analysis Cell, (P): Provisional |

Oil production cuts by Saudi Arabia have not significantly impacted crude oil import to India and percentage share of crude oil import from Saudi Arabia.

- (c): Pursuant  to  the  decision  of  the  Cabinet  on  06.04.2016,  the  Public  Sector  Oil Marketing  Companies  formulate  policies  for  import  of  crude  oil  in  their  best  commercial interest  and  in  accordance  with  the  extant  guidelines  of  procurement.  Accordingly,  Public Sector Oil Marketing Companies import crude oil as per refinery requirements. Further, the contract agreement for  import of  crude oil for a financial  year is  finalized  in  the  previous financial year.

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