#11 Bharat Petroleum Corporation Limited Investor Presentation November 2021 Bharat Petroleum energising lives#22 Disclaimer No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of BPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. Bharat Petroleum energising lives#3Table of Contents 3 1 Corporate Overview Page 4 2 Business Overview Page 9 3 Industry Overview Page 29 Bharat Petroleum energising lives#44 1. Corporate Overview Bharat Petroleum energising lives#55 Introduction 2nd India's 2nd largest Oil Marketing Company (OMC) with standalone domestic sales volume of over 38.74 MMT and Market share of 23% during FY21 394 Ranking on Fortune 500- 2021 global list 3rd India's 3rd largest in terms of Refining Capacity (14.13 % of India's refining capacity) 114 7th India's 7th largest company by turnover 1.2 Lakh Cr Recipient of Oil - Marketing Company of the Year in 2019 by FIPI Rank on Platt's Top 250 Global Energy Company Rankings 2020 BPCL's Market Capitalization recently touched * 1.2 Lakh Cr The Govt. of India conferred BPCL with "MAHARATNA" status in Sep 2017 Balanced portfolio with Strategically located Refineries and Marketing Infrastructure Bharat Petroleum energising lives#66 BPCL 5 Year Key Physical Indicators 36.50 REFINING CAPACITY (MMT) 38.30 38.30 38.30 35.30 37.68 MARKET SALES (MMT) Market Capitalization (INR billion) 41.21 927.25 43.07 43.10 833.65 38.74 685.05 928.33 937.55 FY18 FY19 FY20 FY21 Q2FY22 FY17 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Q2FY22 Market Capitalization figures as on period end India's Leading Oil and Gas Company with presence across the Hydrocarbon Value Chain Bharat Petroleum energising lives#77 BPCL Evolution CAGR (2006-2021) Revenue: >9% PAT: > 23% Market Cap: > 13% Maharatna 2017 Petrochemcial Project (PDPP), CONSOLIDATED REVENUE PAT* (Cr) NRL disinvested, BORL becomes 100% Subsidiary 304266 16045 BORL expansion to 7.8 MMTPA Kochi Refinery Expansion (IREP) Commissioned Upstream Investments in Russia Commissioned Bharat Oman Refineries Ltd. (BORL) KR merged with BPCL 1976 Nationalization of Burmah Shell-BPCL BPRL formed 329797 4254 340879 7355 188651 8643 166039 1742 86223 704 2006 2011 2016 2017 2018 2021 *Incl. Minority Interest 2021 2011 2016 2019 2020 2006 Bharat Petroleum energising lives#8Major Subsidiaries, JVs & Associates Subsidiaries Joint Ventures & Associates Bharat Petroleum energising lives Upstream 100.00% Refining 100.00% City Gas Distribution Pipelines Aviation Services 22.50% 50.00% 50.00% 12.50% LNG Fintech 20.73% Trading Activities & Refining Others 25.00% 50.00% Indraprastha Gas Limited Bharat PetroResources BHARAT OMAN Kochi Salem Pipeline Pvt. Limited Bharat Stars Services Pvt Petronet LNG Limited FINO Paytech Ltd Limited Ratnagiri Refinery & Petrochemicals Limited Matrix Bharat Pte Limited REFINERIES LIMITED 25.00% 11.00% 37.00% 33.3% Bharat Petro Resources Limited Bharat Oman Refineries Limited Central UP Gas GSPL India Transco Limited Delhi Aviation Fuel Facility (P) Limited 22.50% 11.00% 16.20% Gas Maharashtra Natural Gas Limited GSPL India Gasnet Kannur International Airport Ltd. Bharat Renewable Energy Limited 25.00% Ujjwala Plus Foundation 100.00% BHARAT Gas Resources Bharat Gas Resources Limited • Entire Equity stake in NRL has been disinvested on 26th March 2021. 80 49.94% 25.00% 25.00% Sabarmati Gas Limited IHB Pvt. Ltd. Mumbai Aviation Fuel Facility (P) Limited 50.00% 11.00% 74.00% Haridwar Natural PETRONET CI Gas Private Limited LIMITED BPCL-KIAL Fuel Farm Facility Pvt. Ltd. 50.00% 16.00% Goa Natural Gas Pvt. Ltd. PETRONET INDIA LIMITED (PIL)#99 2. Business Overview Bharat Petroleum energising lives#1010 10 Asset Portfolio Midstream & Downstream Upstream Upstream E&P Presence 7 Countries Russia, Brazil, Mozambique, UAE, Indonesia, Australia, India 20 Blocks +15 Global Partners Along with Equity Stake Total, ENI, ONGC, Rosneft, Mitsui, OIL, in 2 Russian Entities BP, ADNOC, Petrobras etc. Refining 3 Refineries Infrastructure Strategically located 35.30 MMT Refining Capacity 937 km SBM Vadinar-Bina Crude oil pipeline at Vadinar and Kochi Refining Marketing 81 Retail Infrastructure Depots 54 LPG 56 Aviation 4 Lube 38 Geographical Bottling Plants Service Stations blending plants Areas incl. JVs Storage Pipeline Network 2241 Km Specific & Multi 17.84 MMTPA Design Product Pipeline Network capacity of Pipeline Network Distribution Distribution Network Marketing STRATEGIC BUSINESS UNITS 8 ~19,251 Retail Outlets -6,182 LPG Distributors Subsidiaries & JV 26 EMPLOYEES 8,842 Bharat Petroleum ergising lives#1111 Diversified Product Offering and Presence Across Value Chain Refinery Retail LPG Industrial/ Commercial Aviation Lubricants Refining capacity of 35.3 MMTPA 14.13% of the भारतकै सास्त Industrial & Commercial Bharat Petroleum FUELLING BUSINESS ezibi Bharat Petroleum's new and improved easy business solutions. Fuelling your business from your desktop. order Track Fuel Fuel Solvents Speciality Products Customised Products Management ezibiz Systems Fay 26.02% market share1 26.76% market share1 ~19,251 retail outlets Currently over Currently 8,000+ customers country's refining capacity2 •81 depots /installations 6182 distributors 54 LPG bottling plants •Strategically located refineries ●Pan India presence across products •Various Innovative offerings with ventures in allied business CLINES INSTY LNG Gas LNG 20.34% market share1 in ATF 56 Aviation service stations 26.01% market share1 Currently 18,000+ customers •More than 400+ grades of products 55+ major LNG customers •Reliable, innovative and caring supplier of I&C products Present at all the major gateways and airports for into plane services •Major OEM tie ups such as Hero Moto, Honda, Genuine Oil, TVS etc. •Three refineries in Mumbai, Kochi, and Bina ●Pioneer in branded retail outlets, branded fuels ex: Speed Current Domestic customer base 8.60 Crores •Pioneer in IT integration and Supply Chain Management Bharat Petroleum energising lives Emerging Markets Fuel Farm Operations through MAFFFL and DAFFL •Product customization 100% subsidiary BGRL for focus on Gas business Interest in 38 GAS 1. Market share includes sale by PSU as well as private oil marketing companies. For Lubricants it represents on PSUs share. All figures for Apr-Sept 2021. 2. Source: Total Refining capacity from Ministry of Petroleum and Natural Gas, PPAC#1212 Refining Coverage BORL Mumbai Refinery Kochi Refinery Installed Capacity Refining Throughput Refining Capacity 45.00 38.29* 40.00 36.76* Mumbai - 12 32.98* 31.25* 34.70* 4.00 35.00 2.85 MMTPA 3.35 Bharat Petroleum 2.90 2.38 3.92 30.00 3.18 2.81 2.66 2.68 25.00 14.78 15.14 14.29 Kochi -15.5 20.00 13.05 13.60 Bharat MMTPA 15.00 Petroleum 10.00 16.23 16.77 14.25 13.35 11.79 5.00 BORL - 7.8 BHARAT OMAN MMTPA 0.00 FY17 FY18 FY19 FY20 FY21 REFINERIES LIMITED Kochi Mumbai Numaligarh Bina Bina Refinery throughput is considered 63.38% in FY 21 NRL stake has been divested on 26th March 2021 Three Strategically located refineries across India Refinery Utilization rates above name-plate capacities Refineries are BS VI & IMO Compliant Flexibility to process low & high sulphur Crude 937-km cross country pipeline to source crude to BORL Bharat Petroleum energising lives#1313 Mumbai Refinery- MR • 12 MMTPA Capacity ● Nelson Index 8.72 API Range: 32 to 48 Lubes refinery Hydrocracker & 2 FCCUs ■Commissioned in 1955 with processing capacity of 2.2 MMTPA now augmented to 12 MMTPA. Consistently, refining throughput exceeds designed capacity Connected with MMBPL multi product pipeline from Mumbai to Delhi designed to evacuate 6 MMTPA of petroleum products ■Lowest SOX emission refinery of country (< 10 T/d) ▪Ongoing Projects- Marine Oil Terminal Revamp, Lubricating Oil Base Stock Revamp, Reformer Feed Unit Revamp, Kerosene Hydro Treating Unit Commissioned new Jetty (JD-5), can receive crude fully loaded Suez Max Vessel MR is one of the most versatile refineries in India with state of the art monitoring tools covering entire functions of refinery Bharat Petroleum energising lives#1414 Kochi Refinery- KR Bharat Petroleum ● 15.5 MMTPA Capacity . Nelson Index 10.2 ■Started its journey in 1966 with capacity of 50,000 bbl per day and currently largest PSU Refinery ▪Equipped to receive crude oil in Very Large Crude Carriers (VLCCs) with SPM (Single Point Mooring) ▪A 300 km long pipeline connects the refinery to various consumption points in Tamil Nadu Ability to swing between MS & HSD based on demand energising lives ● ● API Range: 28 to 45 Petrochemical FCCU & FCCU Delayed Coker unit for bottom upgradation ▪Ongoing Projects- MSBP (Commissioned), PDPP (Being Commissioned) and POPP (Niche Petrochemical Products) KR to meet fuel demand of the Indian Market and create synergy for diversification into petrochemical products#1515 BORL ■Bharat Oman Refineries Limited (BORL) - 7.8 MMT Refining capacity at BINA API Range: 28 to 60 Hydrocracker Delayed Coker unit for bottom upgradation 'State of art technologies - High Nelson Complexity Index 11.58 'Associated Facilities - SPM, Crude Oil Terminal, 937-km cross country crude oil pipeline from Vadinar to Bina (VBPL) Bina Kota Pipeline for evacuation of products "Low cost capacity expansion from 6 MMTPA to 7.8 MMTPA ▪BPCL has acquired remaining 36.62% equity stake from OQ S.A.O.C. and has become 100% subsidiary w.e.f. 30th June 2021. Bina refinery to consolidate refining portfolio required to support downstream retailing market in Northern and Central India Bharat Petroleum energising lives#1616 Marketing Operations and Efficiencies SBU Market Sales (MMT) LPG Bottling Capacity (TMTPA) 6000 5000 4590 4890 45.00 43.07 37.68 41.21 43.10 38.74 3957 4212 4000 3687 40.00 3000 35.00 2000 30.00 27.30 26.97 1000 26.60 24.19 25.00 25.25 0 FY17 FY18 FY19 FY20 FY21 20.00 15.00 -0.24 -0.30 -0.32- -0.37 -0.29 7.05 6.95 6.51 6.08 10.00 5.14 1.79 1.99 2.01 0.8 Thru'put per Outlet BPC Vs. Industry (KL/month) 5.00 1.55 5.45 5.99 6.49 6.87 7.3 Apr-Sept 22 135 131 FY17 FY18 FY19 FY20 FY21 130 LPG Aviation Direct Lubes Retail Market Share MS & HSD* Retail 125 120 122 119 116 115 ■ MS - 28.67% 110 ■ HSD- 29.12% *Market share is PSU Market share on Apr-Mar 21 Leading Player with a Diversified product portfolio and a well-established Marketing and Distribution network 105 BPC IOC HPC Industry Bharat Petroleum energising lives#17Strategic Pipelines Network 3533 km long pipeline infrastructure (2596km- product + 937 km Crude Oil pipelines) with 30.8 MMT capacity (23MMT- Product + 7.8 Crude) Most optimized and efficient pipelines network with highest pipeline utilization in the PSUs - Additionally, 100% access to Numaligarh Siliguri product pipeline for evacuating NRL production Vadinar Bijwasan Piyala Jaipur Mathura Numaligarh Siliguri Kota Kanpur Bina Manaliya Manmad Mumbai Hyderabad Ongole Krishnapatnam Devanaonthi Irugur Karur Kochi Bharat Petroleum energising lives Crude Pipeline (Vadinar- Bina) Ongoing Pipelines Refinery Depot/Installations/ TOP#1818 Ongoing Projects Kochi Refinery - MS Block Project for BS VI grade gasoline and Maximization of Naptha to gasoline (32.89 Bn) (Commissioned) Augmentation of LPG Cryogenic Facilities at Uran ( 12.31 Bn) OD D Retail Infrastructure: Coastal terminal at Krishnapatnam and Jammu Installation (* 12.57 Bn) Bina Kanpur Product Pipeline (* 12.24 Bn) Kochi - Diversification into Niche Petrochemicals PDPP Project- Acrylic Acid, Oxoalcohol, Acrylates. (62.85 Bn) (Being Commissioned) 2G ethanol refinery at Bargarh Odisha (* 16.07 Bn) Bharat Petroleum energising lives#1919 Upcoming Projects UPSTREAM Investments in Mozambique - FID sanctioned. Project Financing agreement signed. BPCL has been awarded 11 GAs in 9th round and 2 GAs in 10th round of bidding Expansion of marketing infrastructure across all business verticals INVESTMENTS IN GAS My MARKETING INFRASTRUCTURE PETROCHEMICALS PIPELINES RASAYANI Petrochemical Project(Polyols) at Kochi to manufacture Propylene Glycol, Ethylene Glycol, Polyol Cross country LPG pipeline from Kandla to Gorakhpur through a JV Marketing Infrastructure & other facilities at Rasayani near Mumbai Capex expenditure of INR 65.54 Bn in HY1 FY22 (Incl. investment in Subsidiaries/JVs) Bharat Petroleum energising lives#2020 20 CAPEX Strategy INR Billion 110.64 110.64 100 120.00 1.08 5.29 2.31 6.00 100.00 50.04 80.00 60.00 15.69 40.00 20.00 41.52 12.58 5.41 12.90 48.65 32.90 8.93 9.70 30.27 26.51 Actual - FY20 Actual - FY21 Budgeted - FY22 Refineries Petrochemicals Marketing Investments in Exploration Investments in Gas Others Significant Expansion in Upstream and Downstream business to drive future growth Bharat Petroleum energising lives#2121 Financial Performance NET WORTH (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED (INR Billion) 190.42 545.44 367.38 341.31 332.14 III 79.76 71.32 26.83 FY18 FY19 FY20 FY21 FY18 FY19 FY 20 FY 21 INR BN 600 500 648 900 545 778 800 773 700 600 500 Z 400 INR BN 300 200 100 0 FY20 FY21 400 367 341580 300 200 100 332 ☐ ☐ ☐ FY18 FY19 Networth Capital Employed Financial Ratios Total Debt-Equity FY19 FY 20 FY 21 Q2 FY 22 0.79 1.26 0.48 0.44 Profit After Tax as % of Total Equity * 20.1 8.08 34.91 22.77 Basic Earnings per Share (Rs.) 36.26 13.64 96.44 12.65 * Quarterly Data Annualized Stable Earnings and Sound Financial Leverage driving Credit Strength Bharat Petroleum energising lives#22BPCL R&D 22 130 65 Patents 70 70 65 42 28 Filed Indian Granted Foreign Innovative Solutions Operational Excellence • Crude oil evaluation Cost efficient and Innovative Products • Modeling & Simulation Corrosion & fouling • K Model • BPMARRK® WDP BMCG 2nd GEN Process Design / Process • Divided Wall Column Intensification • HiGee Separations Cross flow reactor · Advanced analytical support • Optimal catalyst selection. •Solar Energy • Ecochem: ethanol corrosion inhibitor HiCAT: dewaxing catalyst • GSR CAT: Sulfur reduction catalyst High performance LPG burner Low grade energy utilization • Delayed coking • H₂ separation through membrane Over 200 Research Articles 5 Book Chapters Polymers & Petrochemicals SAP/Agri-SAP • Polyols • Methacrylic acid Novel catalysts Biphenyl process Bio-fuels / Environment • Bioremediation Bio-ethanol process • Bio-butanol process Efficient cellulose enzyme complex Waste plastic road Refinery sludge valorization Bharat Petroleum energising lives#2323 Gas Business 7 Supply * • LNG supply security: Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej 0.56 MMTPA valid till 2036 at Kochi 1 MMTPA LNG tied up from Mozambique starting 2024 for 15 years. Also, Short Term /Spot volumes ranging from 0.80 to 1.0 MMTPA are tied up based on demand. • City Gas Distribution 38 Geographical Areas (GAs) which it operates either as wholly-owned or through JVs with other companies. CNG and PNG commissioned in various locations in Maharashtra, UP, HP, Punjab and Haryana Completed Project Liquefied-CNG Pilot Project at Aurangabad, Maharashtra (commissioned in March, 2021) • 2 more GAs rewarded in FY19 in the 10th Round 2019 Formation of Wholly owned subsidiary- BGRL for better focus on gas business Bagged 11 GAs in 9th Round 2018 Foray into Bulk Gas Marketing with Commissioning of PLL's LNG Terminal at Dahej (GJ). 2004 Entry into Gas business through IGL (JV of GAIL & BPCL) • Entered JV to form Petronet LNG 1998 Bharat Petroleum energising lives#2424 BPRL's Upstream Story over the years... 2008 2009 2003 2006 Formation of BPRL Formation of E&P setup in BPCL 2010 Indonesia entry Brazil & Mozambique acquisition 2012 Shale gas entry Australia 2013 2019 2018 2017 2016 Declaration of Commerciality Russian Acquisition approved in Operatorship Schedule B block Lead operator Entry in Lower Zakum Overseas Onshore Operatorship - Abu Dhabi Bharat Petroleum energising lives#25Upstream - Global Spread Production Development Exploration/ Appraisal ■ 2.5 MMTOE eqv. production ■ Presence in 5 continents, 7 countries 2 TYNGD Russia 2 Vankorneft UAE 1 Lower Zakum 1 Onshore 1 Mozambique 1 Area 1 * 1 block in in Cauvery Basin is in Production, the rest are in Exploration / Development ** 1 block in Cambay Basin in in Development, the rest is in Exploration / under relinquishment Brazil 1 2 BM-SEAL-11 BM-C-30 2 BM-POT-16 25 BPCL pursues its Upstream Business through its wholly owned Subsidiary Company - Bharat Petroresources Limited Bharat Petroleum energising lives 4 Cauvery Basin* 1 Rajasthan Basin India 3 Cambay Basin** 2 Assam-Arakan Indonesia 1 Nunukan Australia 1 EP413#2626 Global Upstream Footprint Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL. Within India Brazil Australia Block Operator BPCL Other Stake Partners Block Operator BPCL Other Stake Partners Block Operator BPCL Other Stake Partners NELP-―IV CY/ONN/2002/2 NELP-VI ONGC 40.0% ONGC BM-SEAL-11 (2 blocks) Petrobras 20.0% IBV EP-413 Norwest 27.8% Mitsui E&P Australia CY/ONN/2004/2 ONGC 20.0% ONGC NELP-VII RJ/ONN/2005/1 NELP-IX HOEC, BPRL 33.33% IMC BM-C-30 (1 block) BM-POT-16 (2 blocks) Petro Rio 17.85% IBV Petrobras 10.0% IBV, Petrogal, BP CB/ONN/2010/11 AA/ONN/2010/3 GAIL, BPRL OIL 25.0% EIL, BIFL, MIEL Mozambique Russia Block Operator 20.0% BPRL, CB-ONN-2010/8 25.0% GAIL ONGC EIL, BIFL, MIEL BPCL Other Stake Partners Block Operator BPCL Stake Partners DSF Mozambique Rovuma Basin PTTEP, Mitsui, ENH, Vankorneft (2 licenses) Vankorneft 7.887 % Rosneft, VIPL, ONGC Total 10.0% CY/ONDSF/KARAIKAL/2 BPRL 100% 016 OVRL, BREML TYNGD (2 licenses) 9.867 Rosneft, BP, TYNGD % TIPL OALP United Arab Emirates CB-ONHP-2017/9 BPRL 60% ONGC Block Operator BPCL Stake Other Partners CY-ONHP-2017/1 AA-ONHP-2017/12 ONGC 40% OIL 10% IOCL, NRL Lower Zakum ADNOC 3% CNPC, INPEX, ENI, Total Exploration Block Indonesia Operator BPCL Other Stake Partners Nunukan PSC Pertamina 12.5% Videocon Onshore 1 Urja Bharat 50% Bharat Petroleum energising lives#27Strategic Aspirations 2022-27 Bharat Petroleum energising lives ~1.75 MMT Petchem Capacity generation for petchem products Investment of 38000 Cr De-risking Refineries, Reduce Imports More than Tripling footprint in GAS up from 2,1 to 7.5 MMTPA. *2.9K Crs EBIT Contribution from Gas 1 GW Green Energy Capacity(Solar) up from present 43 MW Growing Bio-fuels portfolio (especially 1G Ethanol) 777 Cr EBIT Digital Transformation improving customer ease of living; operational efficiencies & competitive edge. delivering 1k+ Cr gross benefits in 5 yrs Mozambique, Brazil, Russia, UAE Continued presence Increasing Non-fuel online + in-shop commerce business to TUK+ sites, Generating 1000 Cr EBIT 7000 'Energy Stations' Dispensing MS, HSD, CNG, Flexi fuels, Electric, Hydrogen R&D focus areas Petchem, Biofuels, Renewables, Hydrogen, EVs, Engine studies#2828 Awards & Recognition S&P Global Platts FIPI Federation of Indian Petroleum Industry FICCI FROST من SULLIVAN GOVERNANCE now LET'S MAKE IT WORK HYDROCARBON PROCESSING Among top 20 Global Oil and Gas refining and marketing Cos Oil Marketing - Company of the Year 2019 Sustainability Award for the Best Green Product Petrochemical sector 2019 Winner under Process Innovation Leadership Awards - Frost & Sullivan PERP 2019 Digital PSU Award at the 7th PSU awards- Governance Now - Integrated Refinery Expansion Project – the Top Refining Project of the Year 2019- Hydrocarbon Processing journal. Thank you! f in 1. PRSI: Public Relations Society of India 2. Federation of Indian Petroleum Industry- *Best Project Management Company 2018* 3. Golden Peacock (Institute of Directors) awarded BPCL *Excellent Corporate Governance 2018* Thank you! Bharat Petroleum energising lives#2929 29 3. Industry Overview Bharat Petroleum energising lives#3030 India - Attractive Industry Dynamics Significant potential for domestic O&G companies given low per-capita oil consumption Oil: Consumption in thousands of barrels per day* Singapore China 1332 1401 890 Australia 1031 1192 UK 1531 2045 Germany 2270 2323 Brazil 2438 US India 4669 5148 0 5000 Indian Oil Demand Million Tonnes FY 21 14225 14005 27.6 72.7 28.0 26.3 FY 20 30.0 24.9 FY 19 28.3 23.3 FY 18 26.2 21.6 17178 FY 17 19475 23.8 19.6 FY 16 21.8 10000 15000 20000 2020 2019 Source: BP Statistical Review of World Energy 2021 Source: PPAC LPG Diesel Petrol 76.0 74.6 82.6 Bharat Petroleum energising lives 83.5 81.1#31Indian Oil Industry . . . Positive Policy actions Petrol Prices De-regulated completely Gasoil (Retail) - Deregulation announced effective 19th October 2014 Gasoil Bulk sales completely deregulated since January 2013 - Restricted supply/Targeted subsidies for cooking fuel products LPG DBTL scheme - Domestic LPG fully enrolled. - SKO PDS DBTK scheme – launched on pilot basis in 4 districts and now implemented in the state of Jharkhand Govt. has consistently compensated OMCs including BPCL for under recoveries and ensured reasonable profitability 31 Strategic position in the Indian economy with way to deregulation of fuel sector in the country Bharat Petroleum energising lives#3232 Thank You Bharat Petroleum energising lives