Global Crude oil price of Indian Basket was US$ 31.05 per bbl on 29.01.2016
Global Crude oil price of Indian Basket was US$ 31.05 per bbl on 29.01.2016
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$
31.05 per barrel (bbl) on 29.01.2016. This was higher than the price of US$
29.95 per bbl on previous publishing day of 28.01.2016.
In rupee terms, the price of
Indian Basket increased to Rs 2107.56 per bbl on 29.01.2016 as compared to Rs
2038.91 per bbl on 28.01.2016. Rupee closed stronger at Rs 67.88
per US$ on 29.01.2016 as against Rs 68.09 per US$ on 28.01.2016. The table
below gives details in this regard:
|
Particulars
|
Unit
|
Price
on January 29, 2016
(Previous
trading day i.e. 28.01.2016)
|
Pricing
Fortnight for 01.02.2016
(14
Jan to 27 Jan, 2016)
|
|
Crude Oil (Indian
Basket)
|
($/bbl)
|
31.05 (29.95 )
|
26.05
|
|
(Rs/bbl
|
2107.56 (2038.91)
|
1763.06
|
|
|
Exchange Rate
|
(Rs/$)
|
67.88 (68.09)
|
67.68
|
Daily Crude Oil Price- 01.02.2016
************
Under-recoveries for the month
of February 2016 will be Rs 5.11 per litre in case of PDS Kerosene
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 January 2016. In the case of PDS
Kerosene, the under-recoveries for the month of February 2016 will be Rs 5.11
per litre (Rs 9.16 per litre in last month). The cash transfer to
customer under DBTL will be Rs 155.78, out of which Rs. 108.12 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. 1st Feb 16)
|
Cash transfer to customer
under DBTL (eff. 1st Feb 16)
|
|
PDS Kerosene*
|
(Rs./Litre)
|
5.11
|
-
|
|
Cash Compensation on Domestic LPG by Govt. to
consumers**
|
(Rs./Cylinder)
|
-
|
108.12
|
|
Cash Compensation on Domestic LPG by OMCs towards
‘Uncompensated Costs’ to consumers**
|
(Rs./Cylinder)
|
-
|
47.66
|
*Inclusive of the quantum of erstwhile Fiscal Subsidy Scheme 2002
i.e. Rs 0.82/Litre.
** Cash Subsidy is for Delhi market.
The under-recoveries for 2014-15 have been Rs 72,314 crore. The figure was
Rs 1,39,869 crore for 2013-14.
Under recovery- 01.02.2016
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