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TMI BlogUnder-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre OMCs Incurring Daily Under-Recoveries of Rs 412 Crore Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012X X X X Extracts X X X X X X X X Extracts X X X X ..... Under-Recovery on Diesel Effective 16.11.2012 remains high at Rs 9.06 Per litre Under-recoveries for November on Domestic LPG Rs 478.50 per Cylinder and on PDS Kerosene Rs 31.30 per Litre OMCs Incurring Daily Under-Recoveries of Rs 412 Crore Daily Crude Oil Price for Indian Basket rises to US$ 107.91 per barrel on 15.11.2012 - News and Press Release Dated:- 16-11-2012 - News - Press Information ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Bureau Government of India Ministry of Petroleum Natural Gas 16-November-2012 15:52 IST 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 Ist Fortnight of November 2012. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2 nd fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtnight of November effective 16.11.2012 though slightly lower, remains high at Rs 09.06/Litre. In case of PDS Kerosene and Domestic LPG the under-recoveries effective for November 2012 are Rs 31.30/Litre and Rs 478.50/cylinder respectively. Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs); Product Unit Under-recoveries effective November 16, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12 (Effective 01.11.2012 to 15.11.2012) Diesel Rs/Litre 9.06 (9.84) PDS Kerosene* Rs/Litre 31.30 (31.30) Domestic LPG* Rs/Cylinder 478.50 (478.50) *Additionally, a subsidy of Rs 0.82/Litre on PDS Kerosene and Rs 22.58/Cylinder on Domestic LPG is provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Government. The under-recoveries on these products are computed on monthly basis. OMCs are currently (effective 16 November 2012) incurring daily under-recovery of about Rs 412 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernational FOB price and Exchange rates are: Particulars Unit Price on last trading day i.e., 15 November, 2012 (Previous trading day of 14.11.2012) Fortnight November)01-15, 2012 (previous fortnight 16 - 31/10/ 2012) Crude Oil (Indian Basket) ($/bbl) 107.91 (106.75) 106.69 (109.01) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Rs /bbl) 5930.73 (5863.78) 5797.53 (5834.22) Exchange Rate (Rs/$) 54.96 (54.93) 54.34 (53.52) RCJ/RKS Under-recovery 16-11-2012 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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