D. NOD. LTaong The Gazette of India EXTRAORDINARY wr Lag 1 PART ISeetion t Witirart a mentee PUBLISHED BY AUTHORITY 7, 924 . di, an we, 2002 é. -20029/22/2001-44.— ang eer, Gees ote wrgfea Ae sisnaa A Reve 21 ada 1897 & cheer WO $-20012/29/07-0n gra manftes yea fholen vale (wae) a wale a aemee ena ay aie afhylsa Mar ent gee wRumeaey Arex Rafex (vaue), a eis Sire (waeest), Bers ges (edie), adee fer & fed aa (fier avis) aie Rg WE & few yaw vee Gq verfich) & afaRas al wend 2 Baron yea 1 othe,1998 & Priaenps ae fee ne Yt gai Reker & eas wo Fave 4 apis sie mpi tre topes fears 90 ant2001 & te ven 20018/2/2000-4} gra 1 ate,2000 4 fear gua (cdg) % yeufaiee ae Priavnpar ax Fear! 2 Ray, 1997 % gates eased Hf atafire Prieto anger A ae Far 1 ska 2002 @ erin da a gts 8) wares we or Pig fore @1 et Rotel ar eter Na fea ae & (1) shes ARE (que) ohe arf ets Gua (Gay) & owt yer 1 athe 2002 A mar get Pei ahi vfteraa: digiew axikfia afk akq genie a affftar {pitas scart ar ase fraker qr grat Pralfte ef (2) isiga ais ofe akg vein ae wemecaent 1 ate 2002 @ ure oA aire ARS aes ol ore, & cermerent we PRS Te a ae ore we eT fort fay ther arent & afoyfed oF oreh a warmed seme 3 HS aA vert ax a ore Los. 2002 wo= Warel: See] (3) RTRs Torseraur terre & dei om URive ake oie at erie oi argh & fay vert Sort ord veh Sr fay torn yes we aftryfet ay arett STEMS! WoraETal 1 sie 2002 8 ea eA GPa PRM aes wT oe (4) ana Ge Agye Fer amit fas oy ug wet ae aT Yee 1 sia 2002 9 aay amt Preita ee (5) da qa en 1 ata 2002 A de oe fey oar ye wa Bde GePR tart aan Pret ale 8 wand foo ve: (@) HR 91 r8,2002 ces Wat chub & Prrere ny gare BA ors er TRPR ums & 80 stad A Ah ae ais UN ort (@) ueate aé 2001-02 & rg ari ate anil & reefer ater edie oe @ edi ah wt aenie afta wa fee sige! Pra ae agrarian 8 aa ge ard oh fie Geran a ol we ore! Te ootra wh So ant sera WR Garis ae We wh & fae aie ort ante aftrare ot orev | @) . gy safe O date daa qecd & ckeit cenfGep Gaarsit ar we wi trent aad a Ager fea ong oa Wy yw ede 8 sift Pty a fea ong! (6) der werca wii 1 after 2002 8 ware a ore (7) tare @ era & fag 7 aire 2002 ¥ telfes ate writes tra vere ded Sper artery ix Ree wars Ga A GE wer aoe fea wren! ST Tears OK ary da Bele Pond aS (ohorgka) mi aes ei cet (8) Pah 2a afta ay waereaied @t AABers atte erp Ae area oe Peale 8 und 2002 % wart Tem 4-23015/1/2001-Rawrr a alder Frente a argene shew Rote, ef wits Gira oie weer wala Se spre gas dt an eer ae Al ania & & ore (QQ) sreredy tpyferry fs he ord at Preph & fee Pans ds Hh erga at onelt! MINISTRY OF PETROLEUM AND NATURAL GAS RESOLUTION New Delhi, the 2ath March, 2002 . _, _ No.P-20029/22/2001-PP— The Government of India, Ministry of Petroleurn & Natural Gas vide Resolution No.P-20012/29/97-PP dated 21 November 1997 had notified the details of phased programme of dismantling of administered pricing mechanism (APM). As a result, the consumer prices Of all products except motor spirit (MS), high speed diesel (HSD), aviation[oot rE 1] RETA: eenme lurbine fuel (ATF), kerosene for public distribution (PDS kerosene) and LPG used for domestic caoking (domestic LPG) were decontrolied with effect from 1® Aprii 1998. As a foliow up of the aforesaid decision, the Government vide Ministry of Petroleum & Natural Gas Resolution No.20018/2/2000-PP dated 30" March 2001 deconiroiied the pricing of aviation turbine fuel (ATF) with effect from 1* April 2004 2. Pursuant to the decisions contained in the aforesaid Resoiution of November 1997, the Government have now decided to dismantle the APM in the hydrocarbon secter with effect from 1* April 2002. The details of the decisions are givers below:- (i) Consumer prices of motor spirit (MS) and high speed diesel (HSD) will be market determined with effect from 1* April 2002. Consequently, the pricing of petroleum products, except for PDS kerosene and domestic LPG will be market determined with effect from 1* April 2002. (i) The subsidies on PDS Kerosene and domestic LPG will be bome by the Consolidated Fund of India from 1° April 2002 These subsidies wili be on a specified fial rate basis, scheme for which will be notified separately. These subsidies wit be phased out in the next 3 to 5 years. (i) Freight subsidy will continue to be provided for supplies of PDS Kerosene and domestic LPG to far flung areas, scheme for which will be nolified separately, The freight subsidy will be borne by the Consolidated Fund of India with effect from 1* April 2002 (iv) The price of indigenous crude oil of Oi! and Natural Gas Corporation Lid. and Oi India Ltd. will be market determined with effect from 1% April 2002. {vy} The oil pool accounts will be wound up with effect from 1* April 2002 The cumulative outstandings of the oil companies against the pool account will be liquidated in the following manner: (a) The Government will issue bonds to the extent of 80% of the amount equivatent to the provisional amount of the settled outstandings of the oil companies upto 31% March 2002. (b) The pending cleims relating to the APM period, including the updation of costs and margins for the fiscal year 2001-02, will be finalized as expeditiously as possible. The C&AG will be requested to do a special audit of the oil poo! accounts. The whole of the balance amount due to the oil companies wil! be liquidated by issuing bonds for the remaining amount after the audit. (c) The contingent liabilities under the pending titigations, pertaining to "the APM period, will be settled from the Government budget as. and when such litigations are finally decided(ly wi) (vill) (ix) THE GAZETTE OF INDIA: EXTRAORDINARY, The Oil Coordination Committee will be wound up with effect from 1 April 2002. A Cell, by the name “Petroleum Planning and Analysis Cell’, will be created under the Ministry of Petroleum & Natural Gas effective 1 April 2002 to assist the Ministry. The expenditure on this Celi will be borne by the Oil Industry Development Board (OiDB). The new entrants, including private sector, will be allowed to market transportation fuels namely, moter spirit, high speed diesel and aviation turbine fuel as per the guidelines contained in ihe Ministry of Petroleum and Natural Gas Resolution No.P-23015/1/2004-Mkt. Dated 8" March 2002 . Regulatory mechanism will be set up to oversee the functioning of the downstream petroteum sector : SHIVRAS SINGH, Jt. Secy. Proed by the Many LF dia Preiss Ring Wad, Mavapur and Pabshed by the Covtzsiter of Publicstivms, Del owe Dele H0 Vis