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Abbreviations
JV
KTU
LOBS
LOA/ FOA
LNG
LP
MCC
MEROX
MR
MS
MV
NF
NIT
NSU
OMCs
OSBL
OWS
PCB
PCP
PGC
PLEM
PO
PPG.
PR
PS
PX
RCC
RDS
RFD
ROU
ROW
SCH.
SCADA
SRU
s/s
sws
SPM/ SBM
Joint Venture
KL
Kerosene Treating Unit
LAD
Lube Oil Base Stock
LPG
Letter of acceptance / Fax of
LOI /FOI
acceptance
Liquefied Natural Gas
LSTK
Low pressure
LT
Motor Control Centre
Mech.
Mercaptan Oxidation
MOV
Material Requisition
MMTPA
Motor Spirit
MTO
Medium Voltage
MW
Non Ferrous
NIO
Notice Inviting Tender
No. /Nos.
Naphtha Splitter Unit
OEM
Oil Marketing Companies
OHCU
Outside Battery Limit
OTPC
Oily Water Sewer
Parex
Pollution Control Board
PCC
Permanent Cathodic Protection
PEC
Process Gas Compressor
PIL
Pipeline End Manifold
PMC
Purchase Order
POL
Piping
PPT
Purchase Requisition
PROC.
Purchase Specification
PTA
Paraxyiene
RA
Reinforced Cement Concrete
RCP
Residue Desulphurisation
RE
Ready for Drilling
RFP
Right of Use
RFCC
Right of Way
Rx/Rg
Schedule
SDAU
Supervisory Control & Data Acquisition
Sulphur Recovery Unit
SIA
Sub station / Structural Steel
SWEC
Sour Water Stripper
TEG
Single Point Mooring / Single Buoy TATOR-AY
Mooring
Kilo Litre
Latest Allowable Date
Liquefied Petroleum Gas
Letter of Intent / Fax of Intent
Lumpsum Turnkey
Low Tension
Mechanical
Motor Operated Valve
Million Metric tonnes per annum
Material Take Off
Mega Watt
National Institute of Oceanography
Numbers
Original Equipment Manufacturer
Once through Hydro-cracker Unit
ONGC Tripura Power Captive
Paraxvlene Extraction Unit
Power Control Centre
Project Evaluation Committee
Public Interest Litigation
Project Management Consultant
Petrol, Oil & Lubricants
Paradip Port Trust
Procurement
Purified Terephthalic Acid
Risk Analvsis
Rectifier Cathodic Protection
Revised Budgeted Expenditure
Readv for Production
Resid Fluidised Catalytic Cracking
Reactor / Regenerator
Solvent Deasphalter Unit
Secretariat of Industrial Approvals
Stone & Webster Engineering Co.
Thermo Electric Generator
Trans Alkylation & Disproportionate Unit
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TGT
TPI
U/G
UOP
VBU
WIP
WLPA
Tail Gas Treatment
Third Party Inspection
Under Ground
Universal Oil Products
Vis-Breaker Unit
Water Injection Plant
Wild Life Protection Act
TPA
TPH
U&O
UPS
VDU
VRDS
WWTP
Tonnes Per Annum
Tonnes Per Hour
Utilities & Offsites
Uninterrupted Power Supply
Vacuum Distillation Unit
Vacuum Residue Desulphurisation
Waste Water Treatment Plant
Note For Supplementaries
S.No Questions
International oil and Domestic Retail Prices
What has been the trend in the international prices of crude oil since March 2002?
1.
2
What has been the percentage increase in the international oil prices and domestic retail Prices of sensitive
petroleum products since dismantling of APM?
3
What has been the revision of retail selling prices of sensitive petroleum products under various Governments
since 1991?
4
(A) What have been the major revisions in the retail selling prices of petrol, diesel, PDS kerosene and domestic
LPG at Delhi since 0.04.2002?
(B) What has been the price of Indian basket of Crude oil on the dates of Major revisions in Retail Selling Price of
Petroleum products?
5
(A) How many times the Ex-Storage basic prices of sensitive petroleum products have
been reduced since 1st April 2002?
6
7
(B) How many times the Ex-Storage basic prices of PDS Kerosene and Domestic LPG
have been increased since 1st April 2002?
What is the Retail Selling Price of sensitive petroleum products in metro cities in India?
What is the share of taxes in retail selling price of Diesel, PDS Kerosene and Domestic "LPG at Delhi?
8
What has been the Dealers'/ Distributors' commission on sensitive petroleum products since 2004?
RSP in other countries
What are the changes in RSP of Petrol and Diesel in Asian countries since 2004?
10
How do the prices of Sensitive Petroleum Products (Petrol, Diesel, Kerosene and Domestic LPG) in India
compare with neighboring countries? What is the % of Tax in RSP of Petrol and Diesel in neighboring countries?
How does the taxation on Petrol and Diesel in India compare with other countries?
Price fixation of sensitive petroleum products
12
13
14
15
(A) Why has the price of Petrol been made market driven? How many revisions have
been done in petrol price since then?
(B) Why has the price of Diesel not been made market driven?
(A) Explain the important terminologies of Petroleum products pricing.
(B) How are the prices of petrol and diesel fixed by oil companies?
What has been the Government policy on pricing of PDS Kerosene and Domestic LPG?
What is rational and justification behind the whole method of fixation of Import Parity Price (IPP)?
Under-Recoveries & Subsidy
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16
What is the difference between under-recovery and loss indicated in "Profit and Loss" account?
17
How much subsidy on PDS Kerosene and Domestic LPG has been provided to
(A)
consumers since 2002-03?
18
19
(B) What is the per unit and total under recoveries on Petrol and Diesel since 2004-05?
How much fiscal subsidy has been provided by government on PDS Kerosene and Domestic LPG?
What has been the under recoveries of the oil companies since 2003-04? What is the current position of underrecoveries?
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20
A. What is the burden-sharing mechanism for sharing of under-recoveries?
B. What has been the contribution of upstream oil companies in reducing underrecoveries in respect of sensitive petroleum products?
Profitability & GRM
21
A. Is it correct that the public sector OMCs are making very high profits despite
incurring huge under-recoveries?
B. How have the OMCs borrowings been affected by under- recoveries?
C. What is the Turnover and PAT (Profit after Tax) of the Oil Marketing Companies (OMCs) for the year
2010-11 ?
22
A. What have been the PAT of Upstream, Downstream oil companies and standalone refineries since 2004-05?
B. What are the Gross Refining Margins (GRM) of PSU and Private refineries in India
and how does it compare with Singapore?
23
What is the Crude Price Realized by Upstream Oil Companies (ONGC & OIL) since 2005-06?
Taxation
24
25
What has been the contribution of petroleum sector to customs and excise duty collections?
A. What has been the contribution of petroleum sector to Central and State
Government Exchequers?
B. Is the Govt, earning huge amounts as contribution to ex-chequer by the petroleum
sector which is much more than the compensation provided by the Govt, to the
OMCs?
26
A. What have been the changes in the customs and excise duty in the petroleum
sector Since April 2002? What are the current rates of Custom and Excise duty on
Major petroleum products?
B. What are the current effective rates of Custom and Excise duty on Major petroleum
products?
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27
What have been the current effective & actual rates of VAT on major petroleum products?
Steps taken by Govt. / Committee on Pricing and Deregulation
28
What steps have been taken by Government to safeguard the interests of the consumers?
29
What are the main recommendations of Expert Group headed by Dr. Kirit S. Parikh on pricing of sensitive
petroleum products? What pricing decisions has the Government taken on these recommendations?
30
31
32
Import/ Export/ Production/ Consumption
A. What is India's Dependence on imported oil? What % of crude processed in last
five year is imported crude?
B. From which region of the World, do we meet our maximum requirement of crude oil
imports?
What is India's Import & Export of POL products during the last 5 years?
A. What is India's Production of Crude in the last 5 years?
B. What is India's production of Natural Gas in the last 5 years?
C. What is the length of Petroleum pipelines in India?
33
What is India's Production & Consumption of POL products during the last 5 years?
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