Under-recoveries for the month of June 2016 will be Rs. 11.73 per litre in case of PDS Kerosene
Posted on 01 Jun, 2016 3:43 pm
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 for the month of May 2016. In the case of PDS Kerosene, the under-recoveries for the month of June 2016 will be Rs 11.73 per litre (Rs 9.12 per litre in last month). The cash transfer to customer under DBTL will be Rs. 129.32, out of which Rs. 86.77 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 42.55 will be the Cash compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers.
Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):
|
Product |
Unit |
Under / (Over) recovery (eff. 1st May 16) |
Cash transfer to customer under DBTL(eff. 1st May 16) |
|
PDS Kerosene* |
(Rs./Litre) |
11.73 |
- |
|
Cash Compensation on Domestic LPG by Govt. to consumers** |
(Rs./Cylinder) |
- |
86.77 |
|
Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers** |
(Rs./Cylinder) |
- |
42.55 |
* Under (Over) Recovery is for Mumbai Market.
** Cash Subsidy is for Delhi market.
The under-recoveries/DBTL Subsidy for 2015-16 has been Rs. 27,571 crore. The figure was Rs 76,285 crore for 2014-15.
YKB/RG/NV Under recovery- 01.06.2016
Courtesy – Press Information Bureau, Government of India