Pricing of petroleum products, except Subsidized Domestic LPG and PDS Kerosene, is deregulated and Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of these products in line with their international prices and other market conditions.
The Government continues to modulate the effective price to consumer for Subsidized Domestic LPG and Retail Selling Price (RSP) of PDS Kerosene, resulting in under recovery on sale of these products to Public Sector OMCs. For the financial year 2016-17, the entire burden of under recovery has been borne by the Government.
Profit and loss of Public Sector and Private Sector Oil Companies during 2013-14, 2014-15 and 2015-16.
- Upstream PSUs: ONGC, OIL, GAIL
- Downstream PSUs: IOCL, HPCL, BPCL, MRPL, CPCL, NRL
- Private Companies: RIL, Essar Oil, Cairn India Ltd.