Global crude oil price of Indian Basket was US$ 45.17 per bbl on 26.01.2015

Global crude oil price of Indian Basket was US$ 45.17 per bbl on 26.01.2015

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.17 per barrel (bbl) on 26.01.2015. This was lower than the price of US$ 46.09 per bbl on previous publishing day of 23.01.2015.


In rupee terms, the price of Indian Basket decreased to Rs 2777.96 per bbl on 26.01.2015 as compared to Rs 2834.54 per bbl on 23.01.2015. Rupee-dollar exchange rate remained unchanged at Rs 61.50 per US$ on 26.01.2015 as compared to 23.01.2015.

 The table below gives details in this regard:

Particulars	Unit	Price on Jan 26, 2015  (Previous trading day i.e. 23.01.2015)	Pricing Fortnight  for 16.01.2015 (Dec 30, 2014 to Jan 13, 2015)
Crude Oil (Indian Basket)	($/bbl)	45.17              (46.09)	49.42
	(Rs/bbl)	2777.96         (2834.54)	3115.93
Exchange Rate	(Rs/$)	61.50              (61.50)	63.05

As RBI was closed on 26.01.2015, exchange rate is of 23.01.2015
Daily Crude oil price- 27.01.2015 

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Mineral Production during November 2014

                The index of mineral production of mining and quarrying sector for the month of November (new Series 2004-05=100) 2014 at 127.9, was 3.4% higher as compared to November 2013. The cumulative growth for the period April - November 2014-15 over the corresponding period of previous year stands at (+) 2.5%.

            The total value of mineral production (excluding atomic & minor minerals) in the country during November 2014 was Rs. 19066 crore. The contribution of : coal was the highest at Rs. 7099 crore (37%). Next in the order of importance were: petroleum (crude) Rs. 5713 crore, iron ore Rs. 2363 crore, natural gas (utilized) Rs. 2236 crore, lignite Rs. 379 crore and limestone Rs. 410 crore. These six minerals together contributed about 95% of the total value of mineral production in November 2014.

            Production level of important minerals in November 2014 were: coal 546 lakh tonnes, lignite 34 lakh tonnes, natural gas (utilized) 2704 million cu. m., petroleum (crude) 31 lakh tonnes, bauxite 1203 thousand tonnes, chromite 160 thousand tonnes, copper conc. 9 thousand tonnes, gold 132 kg., iron ore 86 lakh tonnes, lead conc. 17 thousand tonnes, manganese ore 174 thousand tonnes, zinc conc. 135 thousand tonnes, apatite & phosphorite 86 thousand tonnes, dolomite 524 thousand tonnes, limestone 224 lakh tonnes, magnesite 26 thousand tonnes and diamond 2836 carat.

            The production of important minerals showing positive growth during November 2014 over November 2013 include ‘magnesite’ (67.5%), ‘gold’ (53.5%), ‘diamond’ (30.1%), ‘zinc conc.’ (16.5%), ‘lignite’ (16.4%), ‘coal’ (15.6%), ‘lead conc.’ (13.9%), ‘petroleum (crude)’ (0.2%) and ‘limestone’ (0.1%). The production of other important minerals showing negative growth are: ‘dolomite’ [(-) 2.1%], ‘natural gas (utilized)’ [(-)3.7%], ‘copper conc.’ [(-) 13.7%], ‘manganese ore’ [(-) 20.6%], ‘bauxite’ [(-) 21.0%], ‘iron ore’ [(-) 30.9%], ‘chromite’ [(-) 34.2%] and ‘apatite & phosphorite’ [(-) 35.3%]. 

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Meeting of French Ambassador with the Petroleum Minister
A delegation led by Ambassador of France Mr. Francois Richier called on the Minister of state (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan today. Both sides discussed issues of mutual cooperation in the field of oil and Gas. Shri Pradhan emphasized on increase in participation of French oil & gas companies in Indian hydrocarbon sector. The two sides agreed to continue cooperation in all existing areas and explore avenues of cooperation in other possible areas of oil & gas sector.