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.
