Global Crude oil price of Indian Basket was US$ 26.87 per bbl on 22.01.2016

Global Crude oil price of Indian Basket was US$ 26.87 per bbl on 22.01.2016 
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$ 26.87 per barrel (bbl) on 22.01.2016. This was higher than the price of US$ 24.47 per bbl on previous publishing day of 21.01.2016.

In rupee terms, the price of Indian Basket increased to Rs 1820.43 per bbl on 22.01.2016 as compared to Rs 1665.18 per bbl on 21.01.2016. Rupee closed stronger at Rs 67.75 per US$ on 22.01.2016 as against Rs 68.06 per US$ on 21.01.2016. The table below gives details in this regard:

Price on January 22, 2016 
(Previous trading day i.e. 21.01.2016)                                                                  
Pricing Fortnight for 16.01.2016
(Dec 30 to Jan 13, 2016)
Crude Oil (Indian Basket)
              26.87            (24.47)               
          1820.43         (1665.18)       
Exchange Rate
              67.75             (68.06)

 Daily Crude Oil Price- 25.01.2016      


Launch of round the clock online payment facility to refill LPG
Shri Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum and Natural Gas in Mumbai yesterday launched online payment facility of cylinder at the time of booking. Earlier this month, the Minister had dedicated the year 2016 as the“Year of the Consumers” and in keeping with this objective, the initiative will go a long way to provide comfort and convenience to the LPG consumers. 
The PSU Oil Marketing Companies under the guidance of Ministry of Petroleum and Natural Gas (MoPNG), have been constantly striving to bring convenience to the LPG consumers. As there has been increase in the number of people using the Internet and Mobile gadgets, the PSU Oil Marketing companies (OMCs), namely Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Bharat Petroleum Corporation Ltd., have taken up a series of technology based consumer centric initiatives keeping pace with the changing time and preferences of consumers in line with Digital India Program of Government of India.

The OMCs have successfully implemented on IVRS, Web and SMS the refill booking facilities, Portability of  Gas connection, PAHAL scheme for LPG subsidy transfer directly to the bank account of consumers, “Sahaj” Scheme making it possible for consumers to get new LPG connection online without visiting the distributors showroom. These can be done through the unified web portal which is available in 13 languages, to facilitate consumers to carry out all their LPG related activities like booking, tracking, DBTL status, Distributors performance, porting the gas connection, receipt of subsidy details and much more.

In continuation of the series of consumer convenience initiatives, the PSU OMCs have now introduced the online payment facility for consumers at the time of booking their LPG refill cylinder so that they need not worry about leaving cash with their family members or attendants while taking delivery of the cylinder. This facility would bring great relief to the working couple as well as to senior citizens as they can make the payment online without bothering to keep adequate cash at home. This will also eliminate hassles of exact change needed for payment or avoid delivery failure due to no cash situation. 

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