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Diesel under-recovery drops to Rs 7.16 per litre

Posted on Mar 18 2014 | IBNS

New Delhi, Mar 18 : The diesel under-recovery has dropped to Rs 7.16 per litre from Rs 8.37 per litre for the fortnight commencing from Mar 16, the Ministry of Petroleum and Natural Gas said on Tuesday.

" 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 Ist fortnight of March 2014. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of March effective 16.3.2014 fell to Rs 7.16 per/litre," the Ministry said.

"This was Rs 8.37 per litre during Ist fortnight of March 2014 w.e.f. 01.3.2014. In the case of PDS Kerosene and Domestic LPG the under-recoveries for the month of March 2014 remains unchanged at Rs 36.34 per litre and Rs 605.80 per cylinder respectively as their refinery gate prices are determined on monthly basis," it said.

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