The loss in diesel sale has reduced by
Rs 1.21 per litre in the second fortnight of March 2014. This loss has come
down as a result of reduced international oil rates and also because of the
monthly increase of 50 paisa on diesel rates.
The under recovery Oil Marketing
Companies (OMC) has decreased 14.46% to Rs 7.16 a litre on High Speed Diesel
(HSD) applicable for first fortnight of Mar. 16, 2014 compared to Rs
8.37 per litre during first fortnight of March 2014.
The under recoveries remains unchanged
at Rs 36.34 per litre in the case of PDS Kerosene and Rs 605.80 per cylinder in
case of Domestic LPG for March 2014.
Effective 16 March 2014, OMCs are
now incurring daily under recovery of about Rs 399 crore on the sales of Domestic
LPG, PDS kerosene and Diesel collectively. This was Rs 4.11 billion during
previous fortnight effective 1st March 2014.
The OMCs has also reported
Rs 1,006.32 billion as overall under recoveries on the sale of PDS kerosene, Domestic
LPG and Diesel during the first nine months April to December of 2013-14.
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