Diesel Under-Recovery at Rs 7.39/litre lower for the fortnight commencing 1 February 2014

Combined Daily Under-Recovery at Rs 446 crore effective from 1 February 2014

The under-recovery on High Speed Diesel (HSD) applicable for Ist fortnight of February effective 1 February 2014 fell to Rs 7.39 per/litre. This was Rs 9.74 per litre during 2nd fortnight of January 2014 w.e.f. 1 February 2014. In the case of PDS Kerosene and Domestic LPG the under-recoveries for the month of February 2014 rose to Rs 35.77 per litre and Rs 655.96 per cylinder respectively against under-recoveries of Rs 37.33/litre and Rs 762.70 /cylinder respectively during January 2014 as announced.

Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):

Product Unit Under-recoveries effective 01 February 2014 (Previous fortnight effective 1 January 2014)Diesel Rs/Litre 7.39 (9.74)PDS Kerosene* Rs/Litre 35.77 (37.33)Domestic LPG* Rs/Cylinder 655.96 (762.70)*Additionally, a subsidy ofRs0.82/Litreon PDS Kerosene andRs22.58/Cylinder on Domestic LPG is provided by the Government and their refinery-gate prices are fixed on monthly basis.

Oil Marketing Companies (OMCs), effective 01 February 2014, are now incurring combined daily under-recovery of about Rs 446 crore on the sale of Diesel, PDS Kerosene and Domestic LPG. This is a lower than Rs 481 crore daily under-recoveries during previous fortnight effective 16 January 2014. Further, the OMC's reported a total of Rs 1,00,632 crore as under-recoveries during Ist Nine month of 2013-14 (April-December) on Diesel, PDS Kerosene, Domestic LPG.

Powered by Capital Market - Live News