India Energy & Chemicals: Energy Meets Compute

研报英文原文证据摘录

India Energy & Chemicals: Energy Meets Compute

FoundationM

India Energy Reforms and Transformation

Exhibit 3: India's energy market reforms so far

Brent Oil Price (US$/bbl) and Timeline of Key Energy Reforms in India

Mar-26: Windfall taxes on

July-23: OMCs to keep LPG 140 exports of diesel and jet fuel New gas pricing policy Positive Negative Neutral Oct-22: US$2.7B related over-recoveries in one-time LPG Apr-23:approved, at 10% slope to oil with cap

subsidy grant separate account and floor at US$6.5-4/mmbtu; new

May-26: Fuel prices hiked

fields get +20% premium

Rs7.5/litre in four installments Aug-25: Cabinet Apr-18: Fuel prices hiked

approved US$3.5bn US$3.6bn support Nov-21: Cuts central post state elections.

LPG subsidy for OMCs Jul-24: Government to fuel retailers taxes on petrol and diesel 120 steadilyRetail fuel prices to provides US$1.5bn cooking

compensate for by Rs.5/litre and benchmarked to US$77/bbl

gas subsidy in budget

losses Rs.10/litre oil Mar-26: Excise duty reduced

to zero on diesel and cut by

Rs10 for petrol amid West Mar-23: Zonal three-tier Sept -24: Windfall taxes

Asia conflict May-21: Fuel 100 reduced to zero as global tariffs for India's gas grid- Mar-Apr22: Fuel prices

price hikes crude oil prices fall Apr-19: Domestic gas helps raise penetration Jan -25: Govt reallocates ~50% increased 14 times by

despite record price increased 10% Gujarat APM gas de-allocated earlier ~Rs10/litre Aug-24: Amendments to high prices, LPG Oct -14: Diesel price Dec-17:Legislative Assembly May-19: General Oil and Gas fFelds deregulation Sept -23: Govt. cuts prices increased Election; LPG prices Election Development Act

import duty, agri Jan -25: Govt stopped 81 80 and infra cess to nil 77 reallocates ~50%

74 from 15% for private APM gas previously