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 December 2013. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for Ist fortnight of January effective 01.1.2014 fell to Rs 9.74 per/litre. This was Rs 10.48 per litre during 2nd fortnight of December 2013 w.e.f. 01.12.2013. In the case of PDS Kerosene and Domestic LPG the under-recoveries for the month of January 2014 rose to Rs 37.33 per litre and Rs 762.70 per cylinder respectively against under-recoveries of Rs 36.20/litre and Rs 542.71 /cylinder respectively during December 2013 as announced on 1.1.2014.
Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):
Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):
Product
|
Unit
|
Under-recoveries
effective 1.01 2014
( Previous fortnight effective 16.12 2013)
|
Diesel
|
Rs/Litre
|
9.74
(10.48)
|
PDS Kerosene*
|
Rs/Litre
|
37.33
(36.20)
|
Domestic LPG*
|
Rs/Cylinder
|
762.70 (542.71)
|
