Standard Post with Image

Oil prices in International and Domestic Market

Daily MIS on Oil prices in International and Domestic Market is mentioned below :

1. International Prices                                                                           ($/bbl)

Crude / Product

2013-14

2012-13

 

13-Dec-13

Average for

Average for

Average

 

 

 

Dec-13

Qtr:3

Cumulative

 

Crude (Indian Basket)

106.85

108.65

107.29

105.30

107.97

Brent

108.17

110.76

108.94

107.20

110.12

Petrol

114.35

115.10

112.40

113.59

118.98

Diesel

121.51

124.12

121.65

119.06

121.97

Kerosene (SKO)

122.48

124.61

121.24

118.38

123.11

LPG ($/MT)

1,175.00

1,175.00

925.75

838.66

885.20

 

2. Exchange Rate                                                                             (INR/$)

RBI Ref. Rate

62.13

61.78

62.04

59.96

54.45

 

3. Status of Under Recovery (UR) & Delhi RSPs

Particulars

Petrol

Diesel

PDS SKO

Dom. LPG

 

 

(Eff.16.12.13)

(Eff.1.12.13)

(14.2kg/cyl.) (Eff.11.12.13)

 

(INR / Litre)

(INR / Litre)

(INR / Litre

(INR / Cylinder)

(a) Desired RSP

71.02

65.46

52.97

956.71

(b) Current RSP

71.02

53.67

14.96

414.00

(c) Desired increase in RSP (a-b)

-

11.79

38.01

542.71

(d) Current Under recovery to OMCs (c-VAT)

-

10.48

36.20

542.71

(e) Subsidy from Government

-

-

0.82

22.58

(f) Total Subsidy to Consumer (d+e)

-

10.48

37.02

565.29

 

4. Under recovery on Sensitive Petroleum Products                          ( INR Crore)

Product

2013-14

2012-13

PSU Sales Vol

(MMT)

H1

Dec-13

Qtr:3

Yearly

 

(Estimated)

(Actual)

(Estimated) *

(Actual)

Petrol Diesel **

PDS SKO Dom. LPG ***

(Subsidised 14.2 Kg Cvl.)

16.75 62.06

7.01 13.20

28266 14057 18585

6555 2713 4178

19053 8313 12165

67458 30509 43286

92061 29410 39558

Total

99.02

60907

13446

39531

141252

161029

Less: Upstream

Sharing Govt. Cash Compensation

32034

25772

-

-

-

-

32034

25772

60000

100000

Unmet UR

3101

13446

39531

83447

1029

Current Daily Gross UR

434

 
  • Under-recovery for Q1 (Actual);INR 25579 crore (Diesel:10554;PDS SKO:6507,Dom.LPG:8518)
  • Under-recovery for Q2 (AcWal):INR35328 crore (Diesel:17711;PDS SKO:7550;Dom.LPG:10067)
  • Under-recovery for Oct'13 (Est.):INR 13521 crore (Diesel:6330;PDS SKO;2918;Dom.LPG.4273)
  • Under-recovery forNov'13 (Est.):INR 12564 crore (Diesel:6169:PDS SKO:2681;Dom.LPG;3714)

*UR for Oct 2013 - Mar 2014 is estimated based on RGPs of respective months up to current month (i.e. Dec'13) and based on RGP of current month for balance period of the year (i.e. Jan - Mar'14).

**Diesel Sales to Bulk customer ( @ 10% ) has not been considered.

***Under-recovery on Domestic LPG has been estimated considering the Cylinder CAP of 9 cylinder.

  • Assuming monthly increase in price of Diesel (retail) by INR 0.50/Litre during Jan - Mar'14, the under-recovery on Diesel (retail) for the year will reduce by INR 1921 crore. Therefore, the under-recovery for 2013-14 after price revision would be INR 139332 crore.

Source:SNP Infra Research