Global Crude oil price of Indian Basket was US$ 31.86 per bbl on 29.02.2016
Global Crude oil price of Indian Basket was US$
31.86 per bbl on 29.02.2016
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$ 31.86 per
barrel (bbl) on 29.02.2016. This was lower than the price of US$ 32.53 per bbl
on previous publishing day of 26.02.2016.
In rupee terms, the price of Indian
Basket decreased to Rs 2185.97 per bbl on 29.02.2016 as compared to Rs 2237.02
per bbl on 26.02.2016. Rupee closed stronger at Rs 68.62
per US$ on 29.02.2016 as against Rs 68.78 per US$ on 26.02.2016. The table
below gives details in this regard:
|
Particulars
|
Unit
|
Price on February 29, 2016
(Previous trading day i.e. 26.02.2016)
|
Pricing
Fortnight for 01.03.2016
(12 Feb to
25 Feb, 2016)
|
|
Crude Oil (Indian Basket)
|
($/bbl)
|
31.86 (32.53)
|
30.61
|
|
(Rs/bbl
|
2185.97
(2237.02)
|
2096.17
|
|
|
Exchange Rate
|
(Rs/$)
|
68.62
(68.78)
|
68.48
|
Daily Crude Oil Price-
01.03.2016
*********
Under-recoveries for the month of March 2016 will
be Rs 6.58 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
February 2016. In the case of PDS Kerosene, the under-recoveries for the month
of March 2016 will be Rs 6.58 per litre (Rs 5.11 per litre in last month).
The cash transfer to customer under DBTL will be Rs 94.37, out of which Rs.
46.71 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 Mar
16)
|
Cash transfer to customer under
DBTL(eff. 1st Mar 16)
|
|
PDS Kerosene*
|
(Rs./Litre)
|
6.58
|
-
|
|
Cash Compensation on Domestic LPG by
Govt. to consumers**
|
(Rs./Cylinder)
|
-
|
46.71
|
|
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.
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