India floating on petrol and aircraft fuel

Vol 4, PW 23 (20 Dec 00) Midstream & Downstream

India is floating on vast stocks of petrol and aircraft fuel, which it cant sell abroad.

That's the stark conclusion of an internal government document, published exclusively in the Business Standard newspaper on 8th December. It shows that between 1999 and 2001, only Reliance managed to sell petrol abroad from its 27m tonnes a year refinery in Jamnagar.

By contrast, India still isn't producing enough LPG and will continue to depend on imports. In brief the document reveals that: Instead of importing 525,000 tonnes of LPG, India will need to import 923,000 tonnes Instead of exporting 3.5m tonnes of petrol, the country will only manage to export 1.8m Instead of exporting401,000 tonnes of diesel, it will only export 283,000 tonnes The document also gives a detailed breakdown of how much petrol Reliance exported between April and October 2000.

April 2000 - 27,000 tonnes May 2000 - 35,000 tonnes June 2000 - 57,000 tonnes July 2000 - 141,000 tonnes August 2000 - 101,000 tonnes September 2000 - 100,000 tonnes October 2000 - 110,000 tonnes Other useful numbers indicate that India has also become a net exporter of naphtha. In 1999-2000 the document reveals that Indian Oil Corporation exported 213,000 tonnes of naphtha Bharat Petroleum exported 192,000 tonnes of naphtha Reliance Petroleum exported 177,000 tonnes of naphtha While between April and September this year, we learn that Indian Oil exported 81,000 tonnes of naphtha Bharat Petroleum exported 140,000 tonnes of naphtha Hindustan Petroleum exported 196,000 tonnes of naphtha Reliance exported 618,000 tonnes of naphtha