Oil and gas sector PSUs have informed that COVID 19 pandemic has resulted in unprecedented fall in demand which in-turn has reduced revenue consequent to lockdown imposed in the country.
Consumption of all petroleum products has increased as the country is going towards unlock process. Month-wise consumption of petroleum products and Import of crude oil are given below:
|Total Consumption of petroleum products (in MMT)||April, 2020||May, 2020||June, 2020||July, 2020|
|Imports of crude oil (MMT)||16.55||14.61||13.68||12.34|
Note: Data on import of oil and Consumption of Petroleum products is provisional basis;
The sector-wise sale of Natural Gas in Million Metric Standard Cubic Meter Per Day (MMSCMD) in India during Financial Year 2019-2020 and April-July 2020 is as below:
Note: The above does not include natural gas consumed as internal consumption of upstream producers (which is in the range of 17-19 MMSCMD).
Due to the Covid-19 Outbreak throughout and world and nationwide lockdown imposed in the country, Indian refineries were operating with reduced capacity.
The details of revenue generated during period April-June 2020 vis-a-vis April-June 2019 is given below
(in Rs. Crore)
|S.No||Name of the Public Sector Company||April-June of 2020||April-June 2019|
This information was given by the Union Minister of Petroleum & Natural Gas Shri Dharmendra Pradhan in the Lok Sabha today in a written reply.