TMI BlogUnder-Recovery on Diesel Effective 16.01.2013 Rises to Rs 9.60 per litre OMCs Incurring Daily Under-Recoveries of Rs 384 Crore Crude Oil Price for Indian Basket goes up to US$ 108.76 per barrel on 15.01.2013X X X X Extracts X X X X X X X X Extracts X X X X ..... Under-Recovery on Diesel Effective 16.01.2013 Rises to Rs 9.60 per litre OMCs Incurring Daily Under-Recoveries of Rs 384 Crore Crude Oil Price for Indian Basket goes up to US$ 108.76 per barrel on 15.01.2013 - News and Press Release Dated:- 16-1-2013 - News - Press Information Bureau Government of India Ministry of Petroleum Natural Gas 16-January-2013 16:16 IST The Petroleum P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lanning 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 January 2013. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2 nd fortnight of January effective 16.01.2013 has increased to Rs 9.60 /Litre. This was Rs 9.03 per litre effective 01.01.2013 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for 1 st fortnight of January 2013. In case of Domestic LPG and PDS Kerosene the under-recoveries for January 2013 (effective 1.1.2013) are Rs 490.50/Cylinder and Rs 30.64 per litre respectively. The under-recovery on Domestic LPG and PDS Kerosene is computed on monthly basis. Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs); Product Unit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Under-recoveries effective January 16, 2013 (Effective 01.01.2013 to 15.01.2013) Diesel Rs/Litre 9.60 (9.03) PDS Kerosene* Rs/Litre 30.64 (30.64) Domestic LPG* Rs/Cylinder 490.50 (490.50) *Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Government. The under-recoveries on these products are computed on monthly basis. OMCs are currently (effective 16 January 2013) incurring daily under-recovery of about Rs 384 crore on the sale of Diesel, PDS Kerosene and Domestic LPG. This was Rs 389 crore per day for the previous fortnight effective 1.01.2013. Further, the OMC s have reported the following under-recoveries during A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pril-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 19,484 Domestic LPG 18,544 29,997 21,772 Petrol -- -- 2,227 Tot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al 85,586 138,541 78,190 3. Details of crude oil price and Exchange rates are: Particulars Unit Price on last trading day i.e., 15 January, 2013 (Previous trading day of 14.01.2013) Fortnight January 01-15, 2013 ( previous fortnight 16 - 31/12/ 2012 ) Crude Oil (Indian Basket) ($/bbl) 108.76 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (108.25) 109.08 (107.76) (Rs/bbl) 5931.77 (5914.78) 5969.95 (5912.79) Exchange Rate (Rs/$) 54.54 (54.64) 54.73 (54.87) RCJ/RKS Under-recovery 16-01-2013 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia.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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