The Petroleum Planning and Analysis Cell under the
Ministry of Petroleum and Natural Gas has reviewed
international prices of crude oil and petroleum products during the past
fortnight. Accordingly, the impact of the prices prevailing at the end of the
fortnight ending on
16/12/11 (from 01/12 to 15/12/2011) is
provided in below:
Average
international FOB price for Indian
Basket of Crude Oil and Exchange Rate ;
|
Particulars
|
Unit
|
Price
on last trading day i.e., 15, December, 2011
|
Fortnight
Dece.01-15,2011(last
fortnight)
|
|
Crude
Oil (Indian Basket)
|
($/bbl)
|
104.65
|
108.22
|
|
(Rs./bbl)
|
5676.22
|
5,665.32
|
|
Exchange
Rate
|
(Rs./$)
|
54.24
|
52.35
|
2. Product-wise Under-recovery of
Public Sector Oil Marketing Companies (OMCs);
|
Product
|
Unit
|
Under-recovery
(eff. 16,December, 2011)
|
|
Diesel
|
Rs./Litre
|
11.51
|
|
PDS
Kerosene*
|
Rs./Litre
|
28.56
|
|
Domestic
LPG*
|
Rs./Cylinder
|
287.00
|
* Additionally, a subsidy of Rs.
0.82/Litre on PDS Kerosene and Rs. 22.58/Cylinder on Domestic LPG is provided
by the Government.
OMCs are currently (effective 16th December, 2011) incurring daily
under-recovery of about Rs. 388 crore on the sale of Diesel, PDS Kerosene
and Domestic LPG.
3. The OMC’s have reported the following
under-recovery during the 1st half of the current year (April-Sept. 2011)
:
|
Product
|
Under Recovery
(Rs./Crore)
|
|
Diesel
|
37,719
|
|
PDS Kerosene
|
13,361
|
|
Domestic LPG
|
13,820
|
|
Total
|
64,900
|
RCJ /RKS – Under-recovery 16-12-11