TMI BlogUnder-Recovery on Diesel Effective 01.01.2013 goes past at Rs 9.03 per litre mark Under-recovery for December on Domestic LPG, and PDS Kerosene remain high OMCs Incurring Daily Under-Recoveries of Rs 389 Crore Crude Oil Price for Indian Basket went down to US$ 108.46 per barrel on 31.12.2012X X X X Extracts X X X X X X X X Extracts X X X X ..... Under-Recovery on Diesel Effective 01.01.2013 goes past at Rs 9.03 per litre mark Under-recovery for December on Domestic LPG, and PDS Kerosene remain high OMCs Incurring Daily Under-Recoveries of Rs 389 Crore Crude Oil Price for Indian Basket went down to US$ 108.46 per barrel on 31.12.2012 - News and Press Release Dated:- 1-1-2013 - News - Press Information Bureau Government of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Petroleum Natural Gas 01-January-2013 16:18 IST 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 during the 2 nd Fortnight of December 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for Ist fortnight of December effective 01.01.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 13 has decreased to Rs 9.03 /Litre. This was Rs 9.28 per litre effective 01.12.2012 for 2 nd fortnight of December 2012. In case of Domestic LPG the under-recovery for January 2012 is no change i.e. to Rs 490.50 cylinder for January 2013. The Under-recovery on PDS Kerosene too has remained at same level of Rs 30.64 per litre for January 2012. Product-wise Under-recoveries of Public Sector Oil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Marketing Companies (OMCs); Product Unit Under-recoveries effective January 01, 2012 (Effective 16.12.2012 to 31.12.2012) Diesel Rs/Litre 9.03 (9.28) PDS Kerosene* Rs/Litre 30.64 (30.93) Domestic LPG* Rs/Cylinder 490.50 (520.50) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... *Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided by the Government. The under-recoveries on these products are computed on monthly basis. OMCs are currently (effective 01 January 2013) incurring daily under-recovery of about Rs 389 crore on the sale of Diesel, PDS Kerosene and Domestic LPG. This was Rs 420 crore per day ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the previous fortnight effective 16.12.2012. Further, the OMC s have reported the following under-recoveries during April-September 2012: Product Under Recovery ( Rs / Crore) 2012-13 (April-September 2012) 2011-12 2010-11 Diesel 52,711 81,192 34,706 PDS Kerosene 14,331 27,352 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,484 Domestic LPG 18,544 29,997 21,772 Petrol -- -- 2,227 Total 85,586 138,541 78,190 3. Details of average International FOB price and Exchange rates are: Particulars Unit Price on last trading day i.e., 31 December, 2012 (Previous trading day of 28.12.2012) Fortnigh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t December)16-31, 2012 ( previous fortnight 01 - 15/12/ 2012 ) Crude Oil (Indian Basket) ($/bbl) 108.46 (108.55) 107.76 (106.85) (Rs/bbl) 5941.44 (5953.97) 5912.79 (5815.85) Exchange Rate (Rs/$) 54.78 (54.85) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 54.87 (54.43) RCJ/RKS Under-recovery 01-01-2013 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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