2nd May, 2002
Ministry of Petroleum & Natural Gas


IMPORT OF CRUDE OIL BY PRIVATE COMPANIES


As per the current EXIM Policy 2002-2007 effective 1.4.2002 crude oil is freely importable. As regards petroleum products, import of Motor Sprit (MS) (all types), Aviation Turbine Fuel (ATF), High Speed Diesel (HSD), Natural Gas Liquid (NGL), Light Diesel Oil (LDO) etc., are allowed through Indian Oil Corporation Limited as State Trading Enterprise. All other petroleum products are freely importable.

With the creation of additional refining capacity there is exportable surplus of HSD, MS and ATF in the country. Further, presently no company other than the domestic producers of these products have marketing rights for transportation fuels.

The above information was given by Shri Santosh Kumar Gangwar, Minister of Sate for Petroleum & Natural Gas in the Lok Sabha in a written reply.

   
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