Global crude oil price of Indian Basket was US$ 55.60 per bbl on 21.07.2015
Global
crude oil price of Indian Basket was US$ 55.60 per bbl on 21.07.2015
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$ 55.60 per barrel (bbl) on 21.07.2015. This was lower than
the price of US$ 55.92 per bbl on previous publishing day of 20.07.2015.
In rupee terms,
the price of Indian Basket decreased to Rs 3538.94 per bbl on 21.07.2015 as
compared to Rs 3553.72 per bbl on 20.07.2015. Rupee closed weaker at Rs 63.65 per US$ on
21.07.2015 as against Rs 63.55 per US$ on 20.07.2015. The table below gives details in this regard:
|
Particulars
|
Unit
|
Price on July 21, 2015(Previous trading day i.e. 20.07.2015)
|
Pricing Fortnight for 16.07.2015
(June 27 to July 13, 2015)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
55.60
(55.92)
|
58.69
|
|
(Rs/bbl
|
3538.94 (3553.72)
|
3730.34
|
|
|
Exchange Rate
|
(Rs/$)
|
63.65
(63.55)
|
63.56
|
Daily
Crude oil price- 22.07.2015
************
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that Public Sector Oil Marketing Companies (OMCs) have a system in place for regularly checking the quality of petrol and diesel being supplied by them to their retail outlets (ROs) in the country.
Public Sector OMCs undertake regular and surprise inspection of Retail Outlets and take action under the provisions of the Marketing Discipline Guidelines (MDG) and Dealership Agreements against the outlets found indulging in irregularities/malpractices like adulteration, short delivery etc. The MDG provides for termination of outlets in the first instance itself for serious malpractices like adulteration, tampering of seals and unauthorized fittings/gears in the dispensing units and graded penalties for other malpractices/ irregularities. Other initiatives to prevent irregularities in Retail Outlets include Automation of Retail Outlets, Third Party Certification of Retail outlets and Monitoring of movement of tank trucks through Global Positioning System (GPS).
The Motor Spirit and High Speed Diesel (Regulation of Supply, Distribution and Prevention of Malpractices) Order, 2005 issued by the Central Government under Essential Commodities Act, 1955 provides for punitive action against malpractices such as adulteration. Provisions are also available in the contractual documents and administrative guidelines to prevent and punish malpractices.
A Quality Control Cell is also functional in each of the Public Sector OMCs which carries out surprise inspections at ROs for checking various irregularities including adulteration.
****
Price of Petroleum Products in Domestic Vis-A-Vis in International Market
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that the pricing of Petrol and Diesel in domestic market is linked with international price of Petrol and Diesel and not with the price of crude oil. During the period when crude oil price was around $120/bbl, the price of Petrol and Diesel in international market and domestic market were as under:
|
|
Petrol
|
Diesel
|
||
|
|
International price ($/bbl)
|
Domestic RSP**
(Rs/litre)
|
International price ($/bbl)
|
Domestic RSP **
(Rs./litre)
|
|
May, 2012
|
118.11
|
73.18
|
119.89
|
40.91*
|
|
July, 2015
|
74.53
|
66.90
|
64.19
|
49.72
|
* Diesel being regulated product; OMCs were incurring under-recovery of around ` 14 per litre in May, 2012. In addition to domestic RSP.
** RSP at Delhi
As per available information, the details of total quantity of crude oil imported by OMCs during 2012 -13 to 2014-15 (provisional) along with value in million US $ and Indian ` (in Crore) is given in Annexure .
The Retail Selling Price of Petrol and Diesel is based on the International prices of Petrol and Diesel, Trade Parity Pricing methodology is applied to compute the Retail Selling Prices. The Refinery Transfer Price (RTP) of Petrol and Diesel constitute around 46% and 55% of the Retail Selling Price respectively. Many of the remaining cost elements viz. Excise Duty, BS IV premium, marketing cost and margins etc. are specific costs which do not increase/decrease with the volatility in international prices of Petrol and Diesel.
Annexure
Annexure referred to in reply to parts (b) to (d) of the Rajya Sabha Unstarred Question No.268 asked by Shri Neeraj Shekhar and Shri Arvind Kumar Singh answered on 22nd July, 2015 regarding “Price of petroleum products in domestic vis-a-vis in International market”.
Import of Crude by OMCs
|
Year
|
QUANTITY
|
VALUE
|
Average rate
|
|
|
TMT
|
Million US$
|
RS. Crores
|
RS./MT
|
|
|
2012-13
|
81321
|
65272
|
356485
|
43837
|
|
2013-14
|
80368
|
63051
|
383075
|
47665
|
|
2014-15(P)
|
81888
|
50426
|
308006
|
37613
|
OMC facilities at ports
The Minister of State (I/C) for Petroleum &
Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply
today that Public Sector Oil Marketing Companies viz. Indian Oil
Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and
Hindustan Petroleum Corporation Limited (HPCL) have informed that demurrage
costs are being incurred due to lack of requisite infrastructure in domestic
ports. The details of demurrage cost incurred by them since 2012-13 and
onwards are as follows:-
Demurrage
cost (Rs.in Crore)
|
Name of OMCs
|
2012-13
|
2013-14
|
2014-15
|
|
IOCL
|
208.72
|
195.28
|
355.62
|
|
BPCL
|
44.58
|
54.71
|
45.59
|
|
HPCL
|
71.51
|
91.51
|
145.02
|
This Ministry has been taking up problems being faced by Oil Companies
in relation to shipping of petroleum products/crude oil with Ministry of
Shipping from time to time.
Non-Supply of CNG to some States
The Minister of State (I/C) for Petroleum &
Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply
today that a list of States/Union Territories in which Compressed Natural
Gas (CNG) is not being supplied is at Annexure-I. CNG forms part of
City Gas Distribution (CGD) Network. Depending on the natural gas pipeline
connectivity/natural gas availability and feasibility, PNGRB invites bids for a
particular Geographical Area (GA). The GAs are included in bidding rounds in a
phased manner.
The GAs as mentioned in Annexure-II have been covered
in 5th bidding round.
ANNEXURE-I
REFERRED IN REPLY TO PARTS (a) & (b) OF RAJYA SABHA UNSTARRED QUESTION
NO.283 ANSWERED ON 22.7.2015 REGARDING NON-SUPPLY OF CNG TO SOME STATES
List of States/UTs where CNG is not being supplied
(As per information available with PNGRB)
|
S.No.
|
States
|
|
1
|
Arunachal Pradesh
|
|
2
|
Bihar
|
|
3
|
Chattisgarh
|
|
4
|
Goa
|
|
5
|
Himachal Pradesh
|
|
6
|
Jammu and Kashmir
|
|
7
|
Jharkhand
|
|
8
|
Kerala
|
|
9
|
Manipur
|
|
10
|
Meghalaya
|
|
11
|
Mizoram
|
|
12
|
Nagaland
|
|
13
|
Odisha
|
|
14
|
Sikkim
|
|
15
|
Tamil Nadu
|
|
16
|
Uttarakhand
|
|
17
|
West Bengal
|
|
S.No.
|
Union Territories
|
|
1
|
Andaman and Nicobar Islands
|
|
2
|
Lakshadweep
|
|
3
|
Puducherry
|
ANNEXURE-II
REFERRED IN REPLY TO PART (c) OF RAJYA SABHA UNSTARRED QUESTION NO.283 ANSWERED
ON 22.7.2015 REGARDING NON-SUPPLY OF CNG TO SOME STATES
GAs covered
under 5th Round of CGD Bidding
|
S. No
|
Geographical Area
|
S. No
|
Geographical Area
|
|
1.
|
East Godavari (Andhra Pradesh)
|
11.
|
Tumkur (Karnataka)
|
|
2.
|
Belgaum (Karnataka)
|
12.
|
Latur (Maharashtra)
|
|
3.
|
Ahmadnagar (Maharashtra)
|
13.
|
Dhar (Madhya Pradesh)
|
|
4.
|
Krishna (Andhra Pradesh)
|
14.
|
Dahod (Gujarat)
|
|
5.
|
Muzaffarnagar (Uttar Pradesh)
|
15.
|
Haridwar (Uttarakhand)
|
|
6.
|
West Godawari (Andhra Pradesh)
|
16.
|
Dharwad (Karnataka)
|
|
7.
|
Badaun (Uttar Pradesh)
|
17.
|
Shivpuri (Madhya Pradesh)
|
|
8.
|
Aligarh (Uttar Pradesh)
|
18.
|
Bidar (Karnataka)
|
|
9.
|
Bulandshahr (Uttar Pradesh)
|
19.
|
Osmanabad (Maharashtra)
|
|
10.
|
Banaskantha (Gujarat)
|
20.
|
Udham Singh Nagar (Uttarakhand)
|
*************
MoU with Pan IIT by ONGC for Exploration of Hydrocarbon
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that Oil and Natural Gas Corporation Limited (ONGC) and Pan-IIT has signed a Memorandum of Collaboration (MoC) on 19th January, 2015 at New Delhi to work towards a collective R&D Programme for developing indigenous technologies to enhance exploration and exploitation of hydrocarbons and alternate sources of energy. Under the MoC, ONGC’s R&D Institutes and the IITs shall jointly undertake advanced research and development projects for the Exploration and Production (E&P) sector of the country in general and oilfield specific activities of ONGC in particular. The MoC also envisages promoting internships, visiting and adjunct faculty programmes, research oriented career programmes through an ONGC Scholar Programme. Within the ambit of this collaboration, ONGC will make its laboratories available to the students and research scholars of IITs. Also, ONGC geoscientists and engineers will have the opportunity of working with IITs.
As per MoC, for the smooth functioning of the collaborative research programme, Director, IIT Kharagpur is the Coordinating Director representing Pan-IIT Forum and Director (Exploration), ONGC will be the Coordinating Director representing ONGC.
For smooth steering of the programme and overall guidance & monitoring of progress, a two-tier mechanism has been envisaged comprising of (a) Programme Advisory Committee(PAC), the apex body to review the activities and approve annual budget & recommend Corpus Fund etc. and (b) Thematic Research Committee(TRC), the nodal body for all research related activities in respective thematic areas.
As per MoC, for the smooth functioning of the collaborative research programme, Director, IIT Kharagpur is the Coordinating Director representing Pan-IIT Forum and Director (Exploration), ONGC will be the Coordinating Director representing ONGC.
For smooth steering of the programme and overall guidance & monitoring of progress, a two-tier mechanism has been envisaged comprising of (a) Programme Advisory Committee(PAC), the apex body to review the activities and approve annual budget & recommend Corpus Fund etc. and (b) Thematic Research Committee(TRC), the nodal body for all research related activities in respective thematic areas.
*****
Fire in ONGC oil well at Olpad, Surat
The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that Oil Industry Safety Directorate (OISD) had conducted an enquiry into the matter. As per OISD report no culpability could be established, however, the root cause of the incident was found to be inadequate supervision/monitoring of the workover operation by both the operator and charter hire rig operational personnel and also ignorance of basic operational practices by the operational personnel manning the rig. ONGC has also carried out an internal inquiry on this matter and their report will be deliberated in the next Health Safety and Environment (HSE) Board Committee meeting.
During the discussion on Rajya Sabha Starred Question no.186 on 13.5.2015 , it was stated that the standard operating procedures which were required to be followed have not been followed and an enquiry would conducted to ensure improvement in the system . Accordingly enquiry was conducted both by OISD and ONGC as mentioned above. Based on the enquiry report, Ministry had directed ONGC to ask its sub-committee of Board on Health, Safety and Environment (HSE) to look into organisational set up of HSE, compliance to standard operating procedure, safety audit etc and recommend changes. ONGC has informed that the existing organisational set up of Health Safety and Environment (HSE), procedures, compliance of standard operating procedures and audit compliance will be deliberated in the next HSE Board Committee meeting and the outcome of the meeting shall be appraised to the Ministry.
This Ministry had received two complaints in this matter. One was from, President, Brackish Water Research Centre, Surat and another from Hon‘ble MP herself. In both the complaints, a request was made to conduct high level enquiry and take necessary remedial measures to avoid recurrence of such incidents.
During the discussion on Rajya Sabha Starred Question no.186 on 13.5.2015 , it was stated that the standard operating procedures which were required to be followed have not been followed and an enquiry would conducted to ensure improvement in the system . Accordingly enquiry was conducted both by OISD and ONGC as mentioned above. Based on the enquiry report, Ministry had directed ONGC to ask its sub-committee of Board on Health, Safety and Environment (HSE) to look into organisational set up of HSE, compliance to standard operating procedure, safety audit etc and recommend changes. ONGC has informed that the existing organisational set up of Health Safety and Environment (HSE), procedures, compliance of standard operating procedures and audit compliance will be deliberated in the next HSE Board Committee meeting and the outcome of the meeting shall be appraised to the Ministry.
This Ministry had received two complaints in this matter. One was from, President, Brackish Water Research Centre, Surat and another from Hon‘ble MP herself. In both the complaints, a request was made to conduct high level enquiry and take necessary remedial measures to avoid recurrence of such incidents.
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