Under-recoveries for the month of November 2016 will be Rs. 12.25 per litre for PDS Kerosene
Posted on 02 Nov, 2016 1:20 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 October 2016. In the case of PDS Kerosene, the under-recoveries with effect from November 1, 2016 will be Rs 12.25 per litre. The under-recovery was Rs. 10.50 per litre in the first fortnight of October 2016 and Rs. 10.25 in the last fortnight of the month. The cash transfer to customer under DBTL will be Rs. 98.86, out of which Rs. 70.74 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 28.12 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 Recovery (eff. 1st Nov 16) |
Cash transfer to customer under DBTL(eff. 1st Nov 16) |
|
PDS Kerosene* |
(Rs./Litre) |
12.25 |
- |
|
Cash Compensation on Domestic LPG by Govt. to consumers** |
(Rs./Cylinder) |
- |
70.74 |
|
Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers** |
(Rs./Cylinder) |
- |
28.12 |
* Under Recovery is for Mumbai Market.
** Cash Subsidy is for Delhi market.
The under-recoveries/DBTL Subsidy for 2015-16 was Rs. 27,571 crore, while the figure was Rs 76, 285 crore for 2014-15.
Courtesy – Press Information Bureau, Government of India