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Construction : Exclusive Report | August 2013 | Source : Construction Update

India met its 78.75% of crude requirement from imports

The Union Minister of Petroleum & Natural Gas Marpadi Veerappa Moily told the Rajya Sabha on August 27 that Petroleum Planning and Analysis Cell (PPAC) has reported that as per the Original Estimates (OE), the estimated demand of petrol, diesel and LPG is 16,335 Thousand Metric Tonne (tmt), 73,500 tmt and 16,712 tmt respectively in the country in 2013-14.

Crude oil from which these products are derived has to be largely (78.75 per cent) imported, he added. Moily also said that as per the Working Group Report of this Ministry (Ministry of Petroleum & Natural Gas) for the 12th Five year Plan, the estimated demand of petroleum products during 2016-17 would be 186.2 Million Metric Tonne (mmt).

As on July first, the refining capacity in the country was 215 Million Metric Tonnes Per Annum (mmtpa) which is more than the domestic demand of products. During 2012-13, the production of petroleum products in the country, including production from fractionators was 217.8 mmt (Provisional) as against the demand of 155.4 mmt.

Thus, the present refining capacity is adequate to meet the demand of petroleum products in the country in near future on an overall basis.

However, some products like LPG and Lubes are in deficit, which are being imported. The net import (Prov) of LPG and lubes was 6,093 Thousand Metric Tonnes (TMT) (Value Rs 30,402 crore) and 1,409 tmt (Value Rs. 8,877 Core) respectively during the year 2012-13, Moily said.

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