Daily Crude oil price of Indian Basket was US$ 44.72/bbl on 30.10.2015
Daily Crude oil price of
Indian Basket was US$ 44.72/bbl on 30.10.2015
The Petroleum
Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural
Gas has reviewed international prices of crude oil and petroleum products
during the last month of October
2015. In the case of PDS Kerosene and Domestic LPG (Cash transfer to
customer under DBTL), the under-recoveries for the month of November 2015 will
be Rs 13.31 per litre (Rs 13.46 per litre in last month) and Rs 127.18
(Rs. 99.68 per cylinder in last month) respectively.
Product-wise
Under-recoveries of Public Sector Oil Marketing Companies (OMCs)
|
Product
|
Unit
|
Under-recoveries
effective 01.11.2015
( Previous fortnight
effective 01.10 2015)
|
|
PDS Kerosene*
|
Rs/Litre
|
13.31*
(13.46)
|
|
Domestic LPG
|
Rs/Cylinder
|
127.18 **
(99.68)
|
** Cash
Subsidy is for Delhi market.
The
under-recoveries for the full year 2014-15 has been Rs 72,314 crore. The figure
was Rs 1,39,869 crore for full year in the 2013-14.
Regarding daily international crude oil price of Indian Basket as
published today, the price was US$ 44.72 per barrel (bbl) on 30.10.2015 as
against US$ 45.90 per bbl on 29.10.2015. In
rupee terms, the price of Indian Basket decreased to Rs 2916.51 per bbl on
30.10.2015 as compared to Rs 2990.59 per bbl on 29.10.2015. Rupee closed weaker
at Rs 65.22 per US$ on 30.10.2015 as against
Rs 65.15 per US$ on 29.10.2015.
The table below gives details in this regard:
|
Particulars
|
Unit
|
Price on October 30, 2015
(Previous
trading day i.e.
29.10.2015)
|
Pricing Fortnight for 01.11.2015
(Oct 14 to Oct 28, 2015)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
44.72 (45.90)
|
45.55
|
|
(Rs/bbl
|
2916.51 (2990.59)
|
2958.93
|
|
|
Exchange Rate
|
(Rs/$)
|
65.22
(65.15)
|
64.96
|
***
Under-Recovery
02.11.2015
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