Daily Crude oil price of Indian Basket was US$ 32.90/bbl on 31.12.2015
Daily Crude oil price of Indian Basket
was US$ 32.90/bbl on 31.12.2015
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 for the month
of December 2015. In the case of PDS Kerosene, the
under-recoveries for the month of January 2016 will be Rs 9.16 per litre
(Rs 12.93 per litre in last month). The cash transfer to customer under DBTL
will be Rs 238.17, out of which Rs. 190.51 will be Cash Compensation on
Domestic LPG by Govt. to consumers & Rs 47.66 will be the Cash compensation
on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers.
Product-wise
Under-recoveries of Public Sector Oil Marketing Companies (OMCs)
|
Product
|
Unit
|
Under / (Over) recovery (eff. 1stJan
16)
|
Cash transfer to customer under DBTL (eff. 1st Jan
16)
|
|
PDS Kerosene*
|
(Rs./Litre)
|
9.16
|
-
|
|
Cash Compensation on Domestic LPG by Govt. to
consumers**
|
(Rs./Cylinder)
|
-
|
190.51
|
|
Cash Compensation on Domestic LPG by OMCs towards
‘Uncompensated Costs’ to consumers**
|
(Rs./Cylinder)
|
-
|
47.66
|
** 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$ 32.90 per barrel (bbl) on 31.12.2015 as against US$ 33.36 per bbl on
30.12.2015. In rupee terms, the price of Indian Basket decreased to Rs
2182.09 per bbl on 31.12.2015 as compared to Rs 2215.77 per bbl on 30.12.2015.
Rupee closed stronger at Rs 66.33
per US$ on 31.12.2015 as against Rs 66.42 per US$ on 30.12.2015.
The table below gives
details in this regard:
|
Particulars
|
Unit
|
Price on December 31, 2015
(Previous trading day i.e. 30.12.2015)
|
Pricing Fortnight for 01.01.2016
(Dec 12 to Dec 29, 2015)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
32.90 (33.36)
|
33.58
|
|
(Rs/bbl
|
2182.09 (2215.77)
|
2234.08
|
|
|
Exchange Rate
|
(Rs/$)
|
66.33
(66.42)
|
66.53
|
Under-Recovery
01.01.2016
Post a Comment