Home » Parliament » Petroleum Sector contributed Rs. 595,438 Crore to Exchequer in 2018-19 

Petroleum Sector contributed Rs. 595,438 Crore to Exchequer in 2018-19 

Prices of petrol and diesel have been made market-determined by the Government with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with international product prices and other market conditions.

The total contribution to Central and State Exchequer from petroleum sector during the last five years is given as under:-

(` in crore)

Particulars 2014-15 2015-16 2016-17 2017-18 2018-19 (P)
Contribution to Central Exchequer 172,065 254,297 335,175 345,249 365,113
Contribution to State Exchequer 160,554 160,209 189,770 209,155 230,325
Total Contribution of Petroleum Sector to Exchequer 332,619 414,506 524,945 554,404 595,438

 

The details of profit earned by PSU OMCs from all activities during the last five years are given as under:-

(` in crore)

Companies 2014-15 2015-16* 2016-17 2017-18 2018-19
IOCL 5,273 11,242 19,106 21,346 16,894
HPCL 2,733 3,725 6,209 6,357 6,029
BPCL 5,085 7,056 8,039 7,919 7,132

* Figures are as per IND AS from financial year 2015-16 onwards

 

This information was given by the Union Minister of Petroleum & Natural Gas, Shri Dharmendra Pradhan in a written reply to the Lok Sabha

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