New Delhi, Apr 16 UNI | 3 months ago

Under-recovery on High Speed Diesel (HSD) applicable for second fortnight of April fell to Rs 5.49 per litre.

This was Rs 5.93 per litre during first fortnight of April 2014, effective April 1.

In the case of PDS Kerosene and Domestic LPG, the under-recoveries remained same at Rs 34.43 per litre and Rs 506.06 per cylinder respectively, according to official statement here today.

Subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided by the Government.

Oil Marketing Companies (OMCs), effective today, are now incurring combined daily under-recovery of about Rs 337 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.

This is lower than Rs 342 crore daily under-recoveries during previous fortnight effective April 1.

The OMCs reported a total under-recoveries of Rs 1,00,632 crore during first nine months of 2013-14 (April-December) on sale of Diesel, PDS Kerosene and Domestic LPG.

Meanwhile, international crude oil price of Indian basket increased to 106.52 dollars per barrel (bbl) on April 15. as against 105.91 dollars per bbl on previous trading day of April 14.

In rupee term, the price of Indian basket increased to Rs 6418.90 per bbl on April 15 as compared to Rs 6,383.20 per bbl on April 14.

This was due to increase in price in dollar terms and rupee appreciation, the statement said.

Rupee closed slightly stronger at Rs 60.26 per dollar on April 15 as against Rs 60.27 per dollar on April 14.

(Posted on 16-04-2014)