Platts Launches New India Oil Price Assessments

Fast Growth in Oil Refining Raises Industry Need for a Benchmark

SINGAPORE, June 1 /PRNewswire/ -- Platts, a leading global energy and metals
information provider and a division of The McGraw-Hill Companies (NYSE: MHP),
launched a series of new oil price benchmarks for the Indian oil markets on
June 1. The Mean of Platts West India Netbacks, or MOPWIN, will help meet a
critical need for reliable and transparent price information for oil products
being exported from India to world markets.

The MOPWIN assessments for jet kerosene, 95 octane gasoline, and three grades
of gasoil (10 parts per million (ppm) sulfur, 500 ppm sulfur and 2500 ppm
sulfur), are derived by deducting freight costs from the assessments for those
products in Singapore. MOPWIN naphtha is derived by deducting shipping costs
from Japan's benchmark cargo market.

India has been aggressively boosting its oil refining capacity since a
government decision in 2005 to turn the country into a products export hub.
Refiners in both the public and private sector have embarked on projects to
set up new refineries and expand existing facilities, with an eye on supplying
markets in Europe, Africa, the U.S. and Asia.

"More refined oil products are flowing from India to global markets than ever
before, and current industry forecasts suggest that volume of exports will
grow substantially again in the years to come as refinery expansions
continue," said Dan Tanz, Vice President of News & Pricing at Platts. "These
new reference prices will provide a critical valuation of the oil as it is
exported from India. Early feedback tells us clearly that these prices are
just as important to our readers within India, as in the rest of the world."

The MOPWIN price assessments will be published on a daily basis. Visit
http://www.platts.com/elqNow/elqRedir.htm?ref=../Oil/Resources/Methodology%20%26%20Specifications/asiaoilproductspecs.pdf?S=n
for more information on the benchmark assessments. For more information on oil
and other energy or metals sectors, visit the Platts website www.platts.com .
Platts, with a century of price reporting experience, publishes daily more
than 8,500 energy and metals price and price assessments globally as well as
other critical news and information, bringing greater transparency to markets.

About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is
a leading global provider of energy and commodities information. With a
century of business experience, Platts serves customers across more than 150
countries. An independent provider, Platts serves the oil, natural gas,
electricity, emissions, nuclear power, coal, petrochemical, shipping, and
metals markets from 17 offices worldwide. Platts' real-time news, pricing,
analytical services and conferences help markets operate with transparency and
efficiency. Traders, risk managers, analysts, and industry leaders depend upon
Platts to help them make better trading and investment decisions. Additional
information is available at http://www.platts.com.

About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies is
a leading global information services provider meeting worldwide needs in the
financial services, education and business information markets through leading
brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D.
Power and Associates. The Corporation has more than 280 offices in 40
countries. Sales in 2008 were $6.4 billion. Additional information is
available at www.mcgraw-hill.com.

SOURCE Platts

Kathleen Tanzy, +1-212-904-2860, Kathleen_tanzy@platts.com; or Non-U.S. media
contacts, In Asia: Casey Yew, +65 653 06552, or In Europe: Shiona Ramage,
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