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Under-Recovery on Diesel goes up to Rs 13.76/Litre in India

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 first fortnight of August 2012.

Accordingly, the under-recovery on HSD (High Speed Diesel) applicable for 2nd  fortnight of August effective 16.08.2012 is higher at Rs 13.76/litre than Rs 12.06/Litre during previous fortnight.

In case of PDS Kerosene and Domestic LPG the under-recoveries are Rs 28.54/litre and Rs 231/cylinder respectively for August 2012 (Rs 27.20/Litre and   Rs 319.00/cylinder respectively for the month of July 2012).

OMCs are currently (effective 16 August, 2012) incurring daily under-recovery of about Rs 405 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.

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