kerosene and domestic LPG, would be market determined. In 2006, based on the
      recommendations of the Rangarajan Committee, the government changed the pricing mechanism
      for petrol and diesel from import parity to trade parity (trade parity being the weighted average
      of import parity and export parity prices in the ratio of 80:20) while the pricing of PDS kerosene
      and domestic LPG continues on import parity basis.
      Indian Oil Corporation Limited
            Indian Oil Corporation (Indian Oil) is India’s flagship national oil company with business
      interests encompassing the entire hydrocarbon value chain - from refining, pipeline
      transportation and marketing of petroleum products to exploration and production of crude oil
      and gas, marketing of natural gas, petrochemicals, renewable energy and now into nuclear
      energy. The Indian Oil Group of companies own and operate 10 of India’s 22 refineries with a
      combined refining capacity of 213.2 million metric tonnes per annum. Indian Oil’s cross country
      network of crude oil and product pipeline spans 10,909 km with a capacity of 75.55 MMTPA of
      crude oil and petroleum products and 96 MMSCMD of gas. This network is the largest in the
      country and meets the vital energy needs of the consumers in an efficient, economical and
      environment-friendly manner.
            Indian Oil supplies precious petroleum products through an unmatched countrywide
      network of above 38,000 touch points, which correspond to about 52 per cent of the industry
      infrastructure. It operates more than 20,000 outlets, the largest and most extensive network of
      retail outlets. The Corporation’s Indane cooking gas reaches the doorsteps of about 65 million
      households through about 5,934 distributors. These efforts are backed by supplies from 139
      terminals and depots, 96 aviation fuel stations and 89 Indane bottling plants. About 6,218 bulk
      consumer pumps are also operational for the convenience of large consumers, ensuring product
      and inventory at their doorstep.
            Over the years, Indian Oil has grown by expanding its own operations, bringing
      independent refineries like Chennai Petroleum Corporation Ltd (CPCL) and Bongaigaon
      Refinery and Petrochemicals Ltd. (BRPL) under its fold, by merging Assam Oil Company
      (AOC) and IBP Co. Ltd with itself, thus synergizing its refining as well as marketing operations.
      Having set up subsidiaries in Sri Lanka, Mauritius and the United Arab Emirates, Indian Oil is
      simultaneously scouting for new business opportunities in the energy markets of Asia and Africa.
      Relevant Website: www.iocl.com
      Bharat Petroleum Corporation Limited
            Bharat Petroleum Corporation Limited (BPCL) is an integrated oil company, in the
      downstream sector, engaged in refining of crude oil and marketing of petroleum products. It has
      also diversified into production and marketing of petrochemical feedstock. BPCL has refineries
      at Mumbai and Kochi with a combined refining capacity of 21.5 MMTPA. Both the refineries
      are certified under Integrated Management System (IMS) which aims for a unified approach in
      processes, interfaces, structures and documentation systems by combining the individual
      management systems under ISO 9001, ISO 14001 and OHSAS 18001 reflecting the continuing
      commitment towards quality, environment, health and safety.
            BPCL has a robust distribution network comprising major storage installations and depots;
      LPG bottling plants, 1938 km cross-country pipeline and two lubricant blending plants.
      Relevant Website: www.bharatpetroleum.com