Savita Oil Technologies Ltd. - InvestmentGuruIndia

man while providing quality petroleum products at reasonable prices. He
indicated that with a view to reduce burden on consumers as well as oil
marketing companies (OMCs), the government has eradicated the Customs
Duty on Crude Oil and trimmed Customs Duty on petroleum products by 5 per
cent. Excise Duty on diesel was also reduced by Rs 2.60 (US$ 0.056) per litre.
Oil & Gas - Road Ahead
India will be adding refining capacity of close to 800,000 b/d till 2013.
The boost in refining capacity will be initiated by BPCL and its partner with a 120,000
b/d refinery coming up at Bina in Madhya Pradesh. Later in 2011, HPCL and Mittal
will commission an 180,000 b/d plant at Bathinda in Punjab.
Essar Oil will be expanding its capacity of Vadinar refinery from 300,000 b/d to
375,000 b/d in 2012, while Nagarjuna Oil and Indian Oil will be adding capacities of
120,000 b/d and 300,000 b/d, respectively, by 2012-13.
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