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Under-Recovery on Diesel and PDS Kerosene Effective 1.11.2012 high at Rs 9.84 And Rs 31.30 Per Litre Respectively;
 PDS Kerosene and Domestic LPG record increase in Under-recoveries to Rs 478.50 Per Cylinder
OMCs Incurring Daily Under-Recoveries of Rs 421 Crore

New Delhi: November 1,2012

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 second Fortnight of October 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 1st     fortnight of  November effective 01.11.2012  remain at a high level of   Rs 09.84/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries are Rs 31.30/Litre and Rs 478.50/cylinder respectively for November 2012.

 

            Product-wise Under-recovery of Public Sector Oil Marketing Companies (OMCs);

Product

Unit

Under-recoveries effective November 01,  2012

(Effective 16.10.2012 to 31.10.2012)

Diesel

Rs/Litre

9.84             (9.82)

PDS Kerosene*

Rs/Litre

31.30             (33.93)

Domestic LPG*

Rs/Cylinder

478.50         (468.50)

 

*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 1November 2012) incurring daily under-recovery of about Rs 421 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: 

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

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 October, 2012 (Previous trading day of 30.10.2012)

Fortnight

October 16-31, 2012

(previous fortnight 01 - 15/10/ 2012)

Crude Oil (Indian Basket)

($/bbl)

107.80        (107.65)

109.01         (110.56)

(Rs /bbl)

5834.14      (5831.40)

5834.22       (5806.61)

Exchange Rate

(Rs/$)

54.12          (54.17)

53.52           (52.52)

 

RCJ/RKS – Under-recovery 01-11-2012          

 
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