Global Crude oil price of Indian Basket was US$ 45.83 per bbl on 30.11.2016



Global Crude oil price of Indian Basket was US$ 45.83 per bbl on 30.11.2016

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.83 per barrel (bbl) on 30.11.2016. This was higher than the price of US$ 45.23 per bbl on previous publishing day of 29.11.2016.


In rupee terms, the price of Indian Basket increased to Rs. 3140.33 per bbl on 30.11.2016 as compared to Rs. 3105.26 per bbl on 29.11.2016. Rupee closed stronger at Rs. 68.53 per US$ on 30.11.2016 as against Rs. 68.65 per US$ on 29.11.2016. The table below gives details in this regard:

Particulars   
Unit
Price on November30, 2016
 (Previous trading day i.e. 29.11.2016)                                                                  
Pricing Fortnight for 01.12.2016
(Nov 12, 2016 to
Nov 28, 2016)
Crude Oil (Indian Basket)
($/bbl)
 45.83          (45.23)        
   44.87
(Rs/bbl
 3140.33    (3105.26)       
3061.48
Exchange Rate
 (Rs/$)
  68.53      (68.65)  
   68.23

Daily Crude Oil Price- 01.12.2016  

******

Under-recoveries for the month of December 2016 will be Rs. 10.51 per litre for PDS Kerosene 

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products for the month of November 2016. In the case of PDS Kerosene, the under-recoveries with effect from December 1, 2016 will be Rs 10.51 per litre. The under-recovery was Rs. 12.25 per litre in the first fortnight of October 2016 and Rs. 12.00 in the last fortnight of the month. The cash transfer to customer under DBTL will be Rs. 151.29, out of which Rs. 123.17 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 28.12 will be the Cash compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers.  

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


Product
Unit
Under  Recovery (eff. 1st Dec 16)
Cash transfer to customer under DBTL(eff. 1st Dec 16)
PDS Kerosene*
(Rs./Litre)
10.51
-
Cash Compensation on Domestic LPG by Govt. to consumers**
(Rs./Cylinder)
-
123.17
Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers**
(Rs./Cylinder)
-
28.12

















 * Under Recovery is for Mumbai Market.


 ** Cash Subsidy is for Delhi market.

The under-recoveries/DBTL Subsidy for 2015-16 was Rs. 27,571 crore, while the figure was Rs 76, 285 crore for 2014-15.

*******
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified
In exercise of the powers conferred by sub-section (2) of Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs(CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

In the said notification, for TABLE-1, TABLE-2 and TABLE-3, the following Tables shall be substituted namely:-

TABLE-1



Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $Per Metric Tonne)
(1)
(2)
(3)
(4)
1
1511 10 00
Crude Palm Oil
764
2
1511 90 10
RBD Palm Oil
797
3
1511 90 90
Others – Palm Oil
781
4
1511 10 00
Crude Palmolein
809
5
1511 90 20
RBD Palmolein
812
6
1511 90 90
Others – Palmolein
811
7
1507 10 00
Crude Soya bean Oil
870
8
7404 00 22
Brass Scrap (all grades)
3176
9
1207 91 00
Poppy seeds
2533


TABLE-2



Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $)
(1)
(2)
(3)
(4)
1
71 or 98
Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
386 per 10 grams
2
71 or 98
Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed
542 per kilogram 




TABLE-3

Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $ Per Metric Tonne )
(1)
(2)
(3)
(4)
1
080280
Areca nuts
2621”

No comments

Powered by Blogger.