Petroleum Planning & Analysis Cell

Date: 25-Jul-14
Petroleum Prices and Under-Recoveries
(1)
Particulars Unit Pricing Fortnight for
16th July 2014
(27-Jun-14 to 11-Jul-
14)
24-Jul-14 Next Pricing Fortnight
for 1st Aug 2014
(12-Jul-14 to date i.e. 24-
Jul-14)
Crude Oil (Indian Basket)
- In US Dollar ($/bbl) 108.05 105.93 105.27
- In Indian Rupees (`/bbl) 6476.52 6355.80 6334.10
Exchange Rate (`/$) 59.94 60.00 60.17
(2)
Product Unit Under-recovery
(eff. 16th July 14)
Diesel (`/Litre) 2.49
PDS Kerosene* (`/Litre) 33.07
Domestic LPG* (`/Cylinder) 449.17
(3)
Product
2013-14
(`/Crore)
Q1 of 2014-15
(`/Crore)
Diesel 62,837 9,037
PDS Kerosene 30,575 7,524
Domestic LPG 46,458 12,129
Total 1,39,869 28,691
(4)
Average International FOB Price & Exchange rate:
- Exchnage Rate is as of 13.05.2014.
Product-wise Under-recovery of Public Sector Oil Marketing Companies (OMCs):
OMCs are currently (eff.16-July-14) incurring daily under-recovery of ` 259 crore on the sale of Diesel, PDS Kerosene
and Domestic LPG.
*Additionally, a subsidy of ` 0.82/Litre on PDS Kerosene & ` 22.58/Cylinder on Domestic LPG is
provided by the Government.
The OMCs have reported the following under recovery during 2013-14 & Q1 of 2014-15:
[POL Price & UR (Current)]