The under-recovery, or revenue loss, applicable on diesel for the second fortnight effective from September 16, has been rised upwards at Rs 14.50 per litre, the Union Petroleum Ministry has on on September 15. Oil marketing companies (OMCs) incurring higher daily under-recovery of Rs 486 crore daily crude oil price of Indian Basket remains steady at $110.68/bbl on last September 13.
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