Crude Oil Price on 31.3.2017 is $ 51.28
Global Crude oil price of Indian Basket was US$ 51.28 per bbl on 31.03.2017
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$ 51.28 per barrel (bbl) on 31.03.2017. This was lower than the price of US$ 51.36
per bbl on previous publishing day of 30.03.2017.
In rupee
terms, the price of Indian Basket decreased to Rs. 3325.11 per bbl on 31.03.2017
as compared to Rs. 3334.79 per bbl on 30.03.2017. Rupee closed stronger at Rs. 64.84 per
US$ on 31.03.2017 as compared to Rs. 64.93 per
US$ on 30.03.2017. The table below gives details in this
regard:
|
Particulars
|
Unit
|
Price
on March 31, 2017 (Previous trading day i.e. 30.03.2017)
|
Pricing
Fortnight for 01.04.2017
(March
13, 2017 to March 29, 2017)
|
|
Crude Oil (Indian
Basket)
|
($/bbl)
|
51.28 (51.36)
|
50.06
|
|
3325.11 (3334.79)
|
3275.43
|
||
|
Exchange Rate
|
64.84 ( 64.93)
|
65.43
|
****
Under-recoveries for the month of April 2017 will be Rs. 11.05 per litre for 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 March 2017. In the case of PDS Kerosene, the under-recoveries with
effect from April 1, 2017 will be Rs 11.05 per litre (Rs 13.50
per litre in last month). The cash transfer to customer under DBTL will be Rs. 282.1, out
of which Rs. 249.09 will be Cash Compensation on Domestic LPG by Govt. to
consumers & Rs 33.01 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 Recovery (eff. 1st April
17)
|
Cash transfer to customer
under DBTL(eff. 1st April 17)
|
|
PDS Kerosene*
|
(Rs./Litre)
|
11.05
|
-
|
|
Cash Compensation on Domestic
LPG by Govt. to consumers**
|
(Rs./Cylinder)
|
-
|
249.09
|
|
Cash Compensation on
Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers**
|
(Rs./Cylinder)
|
-
|
33.01
|
* Under Recovery is for Mumbai Market.
** Cash Subsidy is for Delhi market.
The under-recoveries/DBTL Subsidy for 2015-16 was Rs. 27,571 crore, while the figure was Rs 76, 285 crore for 2014-15.
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