October28, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Just imagine had RIL been selling its petroleum products at International Commodity Trading Exchanges – Can it sell Rs.19,970 Per Tone Petroleum Products at Rs.29750 Per Tone? Answer is IMPOSSIBLE, that why I believe it to be Money Laundering.

Difference of Rs.10,000/T for 65m Tones is Rs.65,000 Cr Annual Money Laundering.
Before confirming the above headlines I wanted to be sure – on page 172 of the petro stats it clear that Spot Price of Petrol at Singapore Trades was $56.49, Diesel $58.14, Aviation Turbine Fuel $58.27 all US Dollars per barrel for June2016. So there is practically no difference in prices of Petrol, Diesel & ATF – India trading petroleum bulk products.  

Data provided by Petroleum ministry reveal when products Petroleum Products Average Price was Rs.19970 Per Tone  – mainly Private Refiners were Charging Rs.29750 Per Tone for Exports 49% Margin. Since Pvt Refiner RIL imports Crude Oil, process it and Exports it – RIL can’t export at a loss so difference of $150 Per Tone Plus Cost of Transport & Refining – is Money Laundering or Fake Exports, mainly Sell Petrol & Diesel at RIL Retail Outlets at $1000 per tone. Following Data is Culled from Petro Stats P-97.

Rates in Rs. Per Kg [Crude Oil & Petroleum Products]

A(3/2)
B(5/4)
C(7/6)
Difference
Difference
Years
Crude O. Imp
PP Imp
PP Exp
B-A
C-B Margin %
2010-11
27.83
32.22
33.32
4.39
1.10 > 3.4%
2011-12
39.14
42.96
46.79
3.82
3.83 > 8.9%
2012-13
42.46
42.10
50.48
(-) 0.36
8.38 >19.9%
2013-14
45.70
45.45
54.27
0.25
8.82 > 19.4%
2014-15
36.29
35.04
45.14
(-) 1.25
10.1 > 28.8%
2015-16
20.54
22.19
29.20
1.65
7.01 > 31.6%
2016-17
21.98
19.97
29.75
(-) 2.01
9.78 > 49%

Crude Oil Imp & Petroleum Products Imp & Exp in 000 tones & Rs. Cr
Years
Crude O. Imp
Value
PP Imp
Value
PP Exp
Value
1.
2.
3.
4.
5.
6.
7.
2010-11
163595
455276
17379
55998
59077
196861
2011-12
171729
672220
15849
68091
60837
284644
2012-13
184795
784652
16354
68852
63408
320090
2013-14
189238
864875
16697
75896
67864
368279
2014-15
189435
687416
21301
74644
63932
288580
2015-16
202850
416579
29456
65361
60539
176780
2016-17
213932
470251
35413
70727
65513
194893

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770 [4G]9871056471, 9718280435,
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects