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PS Oil Prices

The document summarizes petroleum prices and under-recoveries for public sector oil marketing companies in India for two recent periods. It reports that for the pricing fortnight of December 1, 2014, the Indian basket crude oil price was $60.58/barrel in US dollars and Rs. 3782.62/barrel in Indian rupees. It details under-recoveries of Rs. 25.69/liter for PDS kerosene and Rs. 279.91/cylinder for domestic LPG. Total under-recoveries for 2013-14 were Rs. 139,869 crore while for the first half of 2014-15 they were Rs. 51,110 crore.

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Shekhar Mishra
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51 views1 page

PS Oil Prices

The document summarizes petroleum prices and under-recoveries for public sector oil marketing companies in India for two recent periods. It reports that for the pricing fortnight of December 1, 2014, the Indian basket crude oil price was $60.58/barrel in US dollars and Rs. 3782.62/barrel in Indian rupees. It details under-recoveries of Rs. 25.69/liter for PDS kerosene and Rs. 279.91/cylinder for domestic LPG. Total under-recoveries for 2013-14 were Rs. 139,869 crore while for the first half of 2014-15 they were Rs. 51,110 crore.

Uploaded by

Shekhar Mishra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Petroleum Planning & Analysis Cell

Date: 15-Dec-14
Petroleum Prices and Under-Recoveries

(1)

Average International FOB Price & Exchange rate:


Particulars

Unit

Pricing Fortnight for


1st Dec 2014
(13-Nov-14 to 26Nov-14)

12-Dec-14

Next Pricing Fortnight


for 16th Dec 2014
(27-Nov-14 to 12-Dec14)

Crude Oil (Indian Basket)


-

In US Dollar

($/bbl)

76.43

60.58

67.24

In Indian Rupees

(`/bbl)

4723.37

3782.62

4165.52

61.80

62.44

61.95

Exchange Rate

(2)

(`/$)

Product-wise Under-recovery of Public Sector Oil Marketing Companies (OMCs):


Product

Unit

Under / (Over)
recovery
(eff. 1st Dec 14)

Diesel^

(`/Litre)

PDS Kerosene*

(`/Litre)

25.69

Domestic LPG*

(`/Cylinder)

279.91

^w.e.f. 19.10.2014, Diesel price has been de-regulated.


*Additionally, a subsidy of ` 0.82/Litre on PDS Kerosene & ` 22.58/Cylinder on Domestic LPG is
provided by the Government.

(3)

The OMCs have reported the following under recovery during 2013-14 & H1 of 2014-15:
2013-14
(`/Crore)

2014-15 (H1)
(`/Crore)

Diesel

62,837

11,656

PDS Kerosene

30,575

14,857

Domestic LPG

46,458

24,597

1,39,869

51,110

Product

Total

[POL Price & UR (Current)]

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