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Under-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre OMCs Incurring Daily Under-Recoveries of Rs 412 Crore Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012 |
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| 16-11-2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Press Information Bureau Government of India Ministry of Petroleum & Natural Gas 16-November-2012 15:52 IST The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products during the Ist Fortnight of November 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of November effective 16.11.2012 though slightly lower, remains high at Rs 09.06/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries effective for November 2012 are Rs 31.30/Litre and Rs 478.50/cylinder respectively. Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs);
*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 16 November 2012) incurring daily under-recovery of about Rs 412 crore on the sale of Diesel, PDS Kerosene and Domestic LPG. Further, the OMC’s have reported the following under-recoveries during April-September 2012:
3. Details of average International FOB price and Exchange rates are:
RCJ/RKS – Under-recovery 16-11-2012 |
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