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 during the 2nd fortnight of May 2014. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 1st fortnight of June effective 02.06.2014 will go down to Rs. 2.80 per litre. This was Rs. 4.41 per litre during 2nd fortnight of May 2014 w.e.f. 16.05.2014. In the case of PDS Kerosene and Domestic LPG, the under-recoveries for the first fortnight of June 2014 will be Rs. 32.87 per litre (Rs. 33.84 per litre in last fortnight) and Rs. 432.71 per cylinder(Rs. 449.13 per cylinder in last fortnight) respectively.
Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs)
| Product | Unit | Under-recoveries effective 02.06. 2014
( Previous fortnight effective 16.05 2014) |
|
| Diesel | Rs/Litre | 2.80 (4.41) |
| PDS Kerosene* | Rs/Litre | 32.87 (33.84) |
| Domestic LPG* | Rs/Cylinder | 432.71 (449.13) |
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