Global Crude oil price of Indian Basket was US$ 39.49 per bbl on 02.08.2016

Global Crude oil price of Indian Basket was US$ 39.49 per bbl on 02.08.2016 

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$ 39.49 per barrel (bbl) on 02.08.2016. This was lower than the price of US$ 40.33 per bbl on previous publishing day of 01.08.2016.

In rupee terms, the price of Indian Basket decreased to Rs. 2636.08 per bbl on 02.08.2016 as compared to Rs. 2691.50 per bbl on 01.08.2016. Rupee closed weaker at Rs. 66.76 per US$ on 02.08.2016 as against Rs. 66.74 per US$ on 01.08.2016. The table below gives details in this regard:

Price on June 14,2016
And Previous day price
Pricing Fortnight for 01.06.2016
(12 May, 2016 to May 27, 2016)

Crude Oil (Indian Basket)
 39.49      (40.33)  
  2636.08   (2691.50) 
Exchange Rate
  66.76          (66.74)

Daily Crude Oil Price- 03.08.2016  


Over 25 lakh LPG connections released under PM Ujjwala Yojana 

25.44 lakh LPG connections have been released to women of BPL families as on today under the Pradhan Mantri Ujjwala Yojana. The scheme which was launched by Honorable Prime Minister in Balia, Uttar Pradesh on 01st May, 2016 is currently under operation in 553 districts of 24 States. 

Under the scheme, 5 crores LPG connections will be provided to BPL families with a support of Rs. 1600 per connection in the next 3 years. Identification of the BPL families is being done through Socio-Economic Caste Census data. 

The official website of the Yojana contains the details about the scheme and the form to be filled by the intended beneficiaries. It has been brought to the notice of the Ministry of Petroleum & Natural Gas that a number of fake and misleading websites have come up on the internet on the PMUY. General public and other stakeholders may consult only the official website for any information with regard to the scheme. In case of any doubt or clarification, contact can be made on the toll free number 18002666696. 


Detailed feasibility study underway for setting up of Mega Oil Refinery on west coast of Maharashtra 

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that Oil PSUs namely Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have announced the plan to jointly set up an integrated refinery-cum-petrochemical complex with a refining capacity of 60 MMTPA (million metric tonnes per annum) in 2 phases in Maharashtra. Engineers India Limited (EIL) is carrying out detailed feasibility study. 

Oil PSUs and EIL are in the process of site selection for the refinery in consultation with Govt. of Maharashtra. Setting of operationalisation targets depend on land availability, environment clearance etc. 

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