विज्ञप्तियां उर्दू विज्ञप्तियां फोटो निमंत्रण लेख प्रत्यायन फीडबैक विज्ञप्तियां मंगाएं Search उन्नत खोज
RSS RSS
Quick Search
home Home
Releases Urdu Releases Photos Invitations Features Accreditation Feedback Subscribe Releases Advance Search
home  Printer friendly Page home  Email this page
English Release 2-March 2015
Date Month Year
  • President's Secretariat
  • President of India to present the standard to 21 SQN & 116 HU of Indian Air Force
  • Min of Agriculture
  • Siraj Hussain Assumes Charge as Secretary, Department of Agriculture and Cooperation
  • Ashok Kumar Angurana assumes Charge as Secretary, Department of Animal Husbandry, Dairying and Fisheries, Ministry of Agriculture
  • Min of Coal
  • Coal to Liquid Pilot Project
  • Production of Coal from Underground Mines
  • Min of Commerce & Industry
  • Cement Industry Should Grow by 20-25 Percent over the next three Decades – DIPP Secretary
  • Min of Food Processing Industries
  • Shri Ranglal Jamuda Assumed Charge as Secretary, Ministry of Food Processing Industries
  • Min of Micro,Small & Medium Enterprises
  • Products under MSME Sector
  • Promotion of Cottage Industries
  • Make in India Policy for MSME Sector
  • Grading System for MSME Sector
  • Promotion of MSME Clusters
  • Promotion of Traditional Industries
  • Promotion of Manufacturing Sector
  • Research and Development by KVIC
  • Financial Assistance for MSME
  • Min of Petroleum & Natural Gas
  • LPG Distributors/ Retailers in J&K
  • Cash Subsidy Scheme for LPG
  • Bharat Stage Auto Fuels
  • Daily Crude oil price of Indian Basket was US$ 59.85/bbl on 27.02.2015
  • Budget proposals 2015-16 for Petroleum & Natural Gas sector
  • Min of Power
  • Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Min of Road Transport & Highways
  • Committee Set up to Formulate Safety Standards for Car Manufactures
  • Government Fast on Execution of Road Projects
  • Government Determined to Check Road Accidents
  • Min of Shipping
  • Proposal for 101 More National Waterways
  • Government to Set up INW TG
  • Min of Social Justice & Empowerment
  • Meeting of UN-ESCAP working Group on the Asian and Pacific Decade of Persons with Disabilities Gets Underwa
  • Min of Urban Development
  • Delhi Development Authority’s role to be Revisited in the Context of Development Needs of Delhi
  • Min of Youth Affairs and Sports
  • Information to be hoisted mandatorily by IOA & NSFs on their Websites

Previous Date

 
Ministry of Petroleum & Natural Gas23-August, 2012 17:24 IST
India’s Oil Import Bill at Rs 7,26,386 Crore in 2011-12
LOK SABHA

                                                                           

 

                The Minister of Petroleum and Natural Gas Shri S.Jaipal Reddy  informed the Lok Sabha in a written reply today that India’s oil import bill in terms of value has increased from Rs 409,077 crore in 2009-10 to Rs 726,386 crore in 2011-12.  The details of the total oil import bill alongwith export of petroleum products from 2009-10 to 2011-12 are given below :-

 

Import Bill from 2009-10 to 2011-12 (Prov.)

 

 

2009-10

2010-11

2011-12 (Prov.)

 

Quantity

(MMT)

Value

(Rs crore)

Quantity

(MMT)

Value

(Rs crore)

Quantity

(MMT)

Value

(Rs crore)

(A) Crude oil import

159.3

375277

163.6

455276

171.7

672220

(B) Product import

14.7

33800

16.8

52106

15.0

54166

Total Import (A+B)

174.0

409077

180.4

507382

186.7

726386

(C)  Total product Export

51.0

144229

59.1

196862

60.8

284643

Net Import (A+B) – (C)

123.0

264848

121.3

310520

125.9

441743

 

He explained that  the increase in import bill of crude oil is due to increase in price of crude oil and petroleum products in the international market, depreciation of Rupee, increase in domestic consumption of petroleum products from 137.8 MMT in 2009-10 to 148.0 MMT in 2011-12 as well as on account of rise in the level of exports from 51.0 MMT in 2009-10 to 60.8 MMT in 2011-12.  Consumption and exports of value added products during 2011-12 contributed to higher level of GDP.  Increase in refining throughput has reduced import dependency on petroleum products and the country has exported petroleum products worth Rs 2, 84,643/- crore during 2011-12, the Minister added.

 

Shri Reddy elaborated several measures taken by the Government to mitigate the oil import bill. These, he said, include the following:-

 

i)          Carving out more areas of exploration for offer under various rounds of New Exploration Licensing Policy (NELP) / Coal Bed Methane (CBM) Policy.

ii)         Application of Enhanced Oil Recovery (EOR) / Improved Oil Recovery (IOR) techniques for increasing recovery factor from existing fields.

iii)        Acquisition of exploration acreages and producing properties overseas to bring in equity oil.

iv)        Substitution of oil through use of alternate/ non-conventional sources of energy such as Bio-Diesel, Ethanol-blended Petrol.

 

            Responding to other queries, he informed that the Fifth OPEC International Seminar, organized under the theme of “Petroleum: Fuelling Prosperity, Supporting Sustainability”, took place at Vienna on 13-14th June, 2012.   The Seminar focused on the global energy scene, oil and the world economy, capacity expansion and investment and technology, environmental policies. Some of the sessions included: the expansionary long-term outlook for energy demand; different challenges facing capacity expansion and investment; the importance of clarity, consistency and predictability for investment strategies in the industry; the role of advanced technology in delivering new volumes of crude while also improving environmental standards; the uncertain impact of shale gas and oil, alternative transportation technologies and the development of LNG markets on the global energy markets; the use of oil as an asset class, the rise in speculative investment flows and the volatile impact of this on crude prices.

 

The Minister of Petroleum and Natural Gas held a series of bilateral meetings with his counterparts from different countries, such as, Iran, Saudi Arabia, Algeria and Qatar  on the sidelines of the Seminar and had  wide-ranging talks aiming to enhance mutual cooperation in the oil & gas sector.  The talks focused on sourcing more crude oil, LNG, LPG and promoting investments in hydrocarbon sector projects.  The discussions focused on enhancing cooperation in the oil and gas sector.

 

The Minister met Minister of Petroleum & Mineral Resources, Saudi Arabia and asked for another 5 million tonnes per annum of crude oil from Saudi Arabia over and above the 32 million tonnes it had imported during 2011-12.  India also asked for an additional 1.5 million tonnes of LPG during the current year. 

 

The Minister, during the meeting with Minister of Energy and Mines, Algeria, asked for additional quantities of crude oil and expressed interest in investing in Algeria’s upcoming LNG sector with the objective of some quantities of LNG being booked for India.   

 

The Ministers of India and Qatar discussed matters of bilateral interest including the long term LNG contract between PLL and RasGas.

 

****

RCJ/RKS

 

 


(Release ID :86628)

Web Ratana This site is winner of Platinum Icon for 'Outstanding Web Content' Web Ratna Award'09 presented in April 2010
Site is designed and hosted by National Informatics Centre (NIC),Information is provided and updated by Press Information Bureau
"A" - Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi - 110 001 Phone 23389338
Content Manager : Ms. Ira Joshi, ADG(IT).
Go Top Top

उपयोग संबंधी शर्तें स्वोत्वाधिकार नीति गोपनीयता संबंधी नीति हाइपरलिंकिंग नीति Terms of Use Copyright Policy Privacy Policy Hyperlinking Policy