To roll out Make in India campaign in oil and gas sector, a policy to provide purchase
      preference in all public sector undertakings under the Ministry was approved. The policy aims to
      encourage participation of domestic and overseas players in the domestic oil and gas sector,
      create employment opportunities, help higher value addition in the products manufactured in the
      country and services rendered for the oil and gas sector and reduce dependence on imports.
      Energy Security
           The Government has taken number of key policy initiatives in upstream hydrocarbon sector
      to augment domestic production of oil and natural gas in the country. With a view to increase
      domestic production of oil and gas, the discovered Small Field (DSF) Policy was notified for
      monetization of discovered small fields of ONGC and OIL, which had not been put into
      production. Under the policy 30 contract areas were awarded for development through
      International Competitive Bidding (ICB).
      Hindustan Petroleum Corporation Limited
           Hindustan Petroleum Corporation Limited (HPCL) is a mega Public Sector Undertaking
      (PSU) with ‘Navratna’ status. It has two refineries; one in Mumbai (west coast) having a
      capacity of 6.5 MMTPA and the other in Visakhapatnam (east coast) with a capacity of 8.3
      MMTPA. These refineries are producing a wide variety of petroleum products-fuels, lubricants
      and speciality products. HPCL holds an equity stake of 16.95 per cent in Mangalore Refinery
      and Petrochemicals Limited, a state-of-art refinery at Mangalore with a capacity of 9.69
      MMTPA.
           The marketing network of HPCL consist of 13 zonal offices in major cities and 101 regional
      offices facilitated by a supply and distribution infrastructure comprising terminals, civiation
      service facilities, LPG bottling plants, lube filling plants, inland relay depots, etc. HPCL has
      state-of-art information technology infrastructure to support its core business. The data centre is
      located at Hitech city in Hyderabad.
      Relevant Website: www.hindustanpetroleum.com
      Gas Authority of India Limited
           The setting up of Gas Authority of India Limited (GAIL), formerly known as Gas Authority
      of India Limited in 1984 heralded a new era of natural gas in the country. Starting as a natural
      gas transmission company, it is today an integrated energy company in the natural gas value
      chain with global footprints. Having started as a gas transmission company it grew organically
      over the years by building a large network of natural gas trunk pipelines covering a length of
      over 8,700 km. Further, to strengthen position as India’s premier integrated gas company, GAIL
      has set up LNG import infrastructure and will be focusing on areas like city gas distribution,
      petrochemicals business, diversifying into high margin downstream areas in gas value chain and
      creating a portfolio of renewable business.
      Relevant Website: www.gailonline.com
      Pricing of Petroleum Products
           The Administered Pricing Mechanisam (APM) or cost plus pricing for petroleum products
      which was introduced in 1976 was abolished from 2002, consequent to the de-regulation of the
      oil sector in India. The Government notified that pricing of all petroleum products except PDS