Lok Sabha Question No. 149 (UNSTARRED), answered on 2023-02-02
Subject: Import of Oil
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Saptagiri Sankar Ulaka

## LOK SABHA UNSTARRED QUESTION NO. 149 TO BE ANSWERED ON 2 nd  February 2023

Import of Oil

## 149. SHRI SAPTAGIRI SANKAR ULAKA:

## पेोलयम और ाक ृतक गैस मंी

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

- (a) the monthly oil import prices during the year 2021-22;
- (b)  whether  the  Government  is  deliberating  on  an  import  substitute  product  which  is pollution- free and cost-effective and if so, the details thereof; and
- (c) if not, the reasons therefor?

## 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) The  Indian  basket  of  Crude  Oil  represents  a  derived  basket  comprising  of  Sour  grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil  processed  in Indian refineries in the ratio of 75.62: 24.38 during 2021-22. The details of average monthly price per barrel of Indian Basket of Crude oil during the 2021-22 is given below:

| Month          |   Average International Crude Oil Prices (Indian Basket) (in US$/bbl.) |
|----------------|------------------------------------------------------------------------|
| April,2021     |                                                                  63.4  |
| May,2021       |                                                                  66.95 |
| June,2021      |                                                                  71.98 |
| July,2021      |                                                                  73.54 |
| August,2021    |                                                                  69.8  |
| September,2021 |                                                                  73.13 |
| October,2021   |                                                                  82.11 |
| November,2021  |                                                                  80.64 |
| December,2021  |                                                                  73.3  |
| January,2022   |                                                                  84.67 |
| February,2022  |                                                                  94.07 |
| March,2022     |                                                                 112.87 |
| 2021-22        |                                                                  79.18 |

Source: PPAC

(b) & (c) Government has announced its aim of achieving 500 GW installed capacity from non-fossil  fuel  based  capacity  (Hydro,  Nuclear,  Solar  PV,  Wind,  Biomass  etc.)  by  2030. Government  has  also  taken  up  development  of  National  Gas  Grid,  City  Gas  Distribution Networks to cover major demand centres across the country to provide clean and green fuel to Public. Further, Government has launched National Biofuel Policy, 2018, to boost availability of biofuels in country and use of alternative clean fuels like ethanol, bio-diesel and bio-CNG through Ethanol Blending, Bio-diesel blending and Sustainable Alternative Towards Affordable  Transportation  (SATAT)  initiative  respectively  with  the  objectives  of  reducing import dependence, promote clean fuel and provide boost to agriculture.

As per Ministry of Power, significant addition to Thermal, Large Hydro and Nuclear Energy capacity is also underway.

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