For the first fortnight of November effective November 1, the under-recovery incurred by oil marketing companies (OMCs) on sale of diesel remains at a high level of Rs 9.84 per litre.
For PDS kerosene and domestic LPG, the under-recoveries are Rs 31.30 per litre and Rs 478.50 per cylinder respectively for November.
This information was given by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas after reviewing the international prices of crude oil and petroleum products during the second fortnight of October.
On October 31, 2012, crude oil price for Indian Basket rose marginally to $107.80 per barrel. OMCs are currently (effective Nov 1) incurring daily under-recovery of about Rs 421 crore on the sale of diesel, PDS kerosene and domestic LPG.
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