Oil Marketing Analysis

7/31/2019 Oil Marketing Analysis

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NAREGA Budget for 2011-12 40000 Cr

Brent crude 1 brl 159 lit India's oil import bill 2011-12

US crude 96 $

1 billion 100 cr

India imports 80% of

its crude requirements

1 $ 56 Rs.

Average Crude price

for India 2010-11

2011-12

Upto june 12 2012-13

For every 1 Re/-

depreciation under

recovery for

companies increases

by

For every 1 Re/-depreciation subsidy

bill for the govt.

increases by

Tax collection by

centre & states on Oil 2010-11

Tax collection by

centre & states on Oil 2011-12

Centre's tax revenue

from custom duty on

crude and excise duty

on products


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If all duties levied by

centre and state are

abolished,Petrol can

cost Rs.43 in Indi


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Rs. In Cr

$150 billion 840000

Under recoveries of oilfirms for selling

diesel,LPG,SKO below

cost price 2011-12 138541 Cr

Under recoveries on

HSD 2011-12 80000 Cr

Govt. subsidises under-

pricing of LPG,SKO &

HSD,but not petrol

No increase in their prices

since June 2010

$85.10 4765.60 Rs.

Oil firms have

borrowed workingcapital for importing

crude 2011-12 Rs.127926

$111.90 6266.40 Rs.

$117.10 6557.60 Rs.

Rs.9100 Cr./

annum

Rs. 8100 Cr./

annum

2.3 lakh Cr.

2.5 lakh Cr.

1/6 or 16%

of total tax

revenue of

centre

Half of the taxes

collected by centrewent back to oil

companies to offset

potential losses and

remain profitable

Payments to oil companies on

this account 2011-12

Total subsidy burden 2011-12


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Expected subsidy burden

borne by Upstream oil firms

like ONGC,GAIL,OIL etc. 2011-12

For ONGC subsidy bill 2011-12

Combined profit of oil

companies 2010-11

Combined profit of oil

companies 2009-10

Total subsidy burden for Govt.

of india for all products (2.4%

of GDP) 2011-12

40% of it is oil subsidy 2011-12


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60% of under

recovery is on

account of HSD Under recoveries

LPG HSD SKO

480.50/cylinder 13.64/litre 31.49/litre

31560

Rs.106981 Cr

Rs.138000 Cr


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Rs.55200 Cr

Rs.45000 Cr

Rs.10531 Cr

Rs.13050 Cr

Rs.2160000 Cr.

87000 Cr.


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Petrol Diesel

a Crude Oil Price (Rs./litre)Rs.34.00$96/Brl)

Rs.34.00$96/Brl)

b Target Fuel Price Rs./litre)

40.94 ($ 115.77

/ brl)

47.11($

132.34/brl)

c

Price charged to petrol

pump(Rs./litre) 43.02 33.47

d

Difference between fuel

Price & crude Oil CostRs./litre (c-a) 9.02 -0.53

e

Premium/Discount vs

crude oil % 27 -1.6

f Excise duty (Rs.) 14.78 2.06

g Dealer Commission(Rs.) 1.5 0.91

h State taxes (Rs.) 11.86 4.46

i Retail price Delhi Rs./litre 71.16 40.91

Retail price

when crude

last touched

$96 Petrol Diesel Kerosene

Jan-11 55.87 37.75 12.32

Jun-12 71.16 40.91 14.83

Petrol 73.18Taxes(39%) 27 12.2 State taxes

14.78 Central taxes

46.18


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HSD 40.91Taxes(18%) 7.42 4.46 State taxes

2.96 Central taxes

33.49


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Kerosene

Rs.34.00$96/Brl)

45.28 ($

135.37/brl)

12.99

-21.01

-61.8

0

1.13

0.71

14.83

Price of HSD is lower by 80% to MS


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Diesel Car Sale 2011-12 increase 24%

Total passenger car sale 2011-12 168351

2010-11 162813

Production 2011-12 13.83 % growth

Domestic Sales 2011-12 12.24% growth

Exports

April-March 2012 2,910,055 25.44 % growth


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Petrol Car 2011-12

unit 2.19%

Unit

20366432 vehicles two wheelers were , 15 percent, 4 percent and 4 percent respectively.

passenger vehicles

three wheelers

commercial vehicles

17,376,624 vehicles

Passenger Vehicles segment 4.66 % growth

Passenger Cars 2.19 % growth

Utility Vehicles 16.47 % growth

Vans 10.01 % growth

Commercial Vehicles 18.20 % growth

Passenger Vehicles 14.18 % growth

Commercial Vehicles 25.15 % growth

Three Wheelers 34.41 % growth


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Two Wheelers 27.13 % growth

For the first time in history 500000


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decrease 16.2 %

76%

15%

4%

4%

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Oil Marketing Analysis