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Oil prices in International and Domestic Market as on 09.12.2013

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

International Prices   (INR / crore)

Crude / Product

                                                    2013-14

2012-13

 

06-Dec-13

Average for

Average for

Average

 

 

 

Dec-13

Qtr:3

Cumulative

 

Crude (Indian Basket)

109.25

109.47

107.23

105.23

107.97

Brent

111.76

112.42

108.93

107.14

110.12

Petrol

115.85

114.83

112.09

113.54

118.98

Diesel

125.05

125.66

121.55

118.96

121.97

Kerosene (SKO)

125.20

125.34

120.97

118.23

123.11

LPG ($/MT)

1,175.00

1,175.00

899.79

829.05

88520

 

Exchange Rate  (INR / $)

RBI Ref. Rate

61.67

62.05

62.09

59.91

54.45

 

Status of Under Recovery (UR) & Delhi RSPs

Particulars

Petrol

Diesel

(Eff.1.12.13)

PDS SKO

(Eff.1.12.13)

Dom. LPG

(14.2kg/cyl.) (Eff.1,12.13)

(INR/Cylinder)

(INR / Litre)

(INR / Litre)

(INR / Litre)

(a) Desired RSP

71.02

64.91

52.97

953.21

(b) Current RSP

71.02

53.67

14.96

41050

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

-

11.24

38.01

542.71

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

-

9.99

36.20

542.71

(e) Subsidy from Government

-

-

0.82

22.58

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

-

9.99

37.02

565.29

 

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 142 Kg Cyl )

16.75

62.06

7.01

13.20

28266

14057

18585

6396

2713

4178

18895

8313

12165

66349

30509

43286

92061

29410

39558

Total

99.02

60907

13288

39373

140144

161029

Less: Upstream Sharing

Govt. Cash Compensation

32034

25772

-

-

-

-

32034 

25772

60000

100000

Unmet UR

3101

13288

39373

82338

1029

Current Daily Gross UR

 

429

 

 

 
  • Under-recovery for 01 (Actual) INR 25579 crore (Diesel. 10554;PDS SKO 6507;Dom.LPG:8518)
  • tinder-recovery for 02 (Actual):INR.35328 crore (Diesel:17711;PDS SKO:7550,DomLPG:10067)
  • Under-recovery for Oct'13 (Est):INR 13521 crore (Diesel:6330'PDS SKO 2918;Dom.LPG:4273)
  • Under-recovery for Nov'13 (Est):INR 12564 crore (Diesel 6169;PDS SKO:26S1,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 tor balance period of the year (; 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.138223 crore

Source:SNP Infra Research