The articles in this volume have been prepared during the past 3-4 years on different occasions. As such, the chapters of the book are based on diverse topics. These chapters together bring out the metamorphosis that Indian Oil Industry is presently undergoing. The issues that are of relevance from the point of view of the country?s economy have been brought out from a researcher?s perspective. One substantive issue that forms the central theme of the book is globalization of Indian Oil Industry. In the post-April 2002 period, Indian Oil Industry has embarked on its second phase of reform. The areas of concern in this phase of Indian Oil Industry have been echoed in the book. Therefore, it is hoped that those concerned with Indian Oil Industry will find the book interesting.