March 5, 2015: Gross Refining Margins (GRMs) of Indian refineries used to be significantly lower than their counterparts elsewhere mainly due to historic reasons. Neither the refinery location nor its installed capacity was decided on commercial considerations. The situation began to change from late 1990s with PSU managements beginning to apply commercial considerations. With the entry of RIL and Essar, the GRMs of at least some refineries touched international level. Click Column Special Database for GRMs of Indian refineries.

March 4, 2015: India’s economic planners always look towards petroleum sector for additional resource mobilization. As customs and excise duties are already high, they opt for Cess which is a special Tax imposed for a limited period. We have collected details of Cess imposed on petroleum products over the years. Click Column Special Reports.

March 2, 2015: The actual petroleum products demand for FY 2014-15 is way below the projections made by the planners. The demand for high speed diesel is only 68.487 million tons against the projection of 72.587 million tons. All products demand also comes to only 161.565 million tons against the projection of 168.635 million tons. What are the demand projections for FY 2015-16 and 2016-17? Click Column Special Database for details.

February 27, 2015: Petroleum sector contributes immensely to the exchequers of Union government and the states. The contribution keeps increasing as this is the preferred source of revenue for the governments reluctant to diversify the sources. The subsidy burden is only a small fraction of the overall revenue from this sector. We have collected the figures for the last few years up to the first quarter of the current FY. Click Column Special Database for details.