| IOC, BPCL, HPCL incur daily under recovery of Rs 249 cr | | |
Agencies
New Delhi, June 16: The three state-owned oil firms--Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL)--are losing about Rs 249 crore on selling diesel, kerosene and cooking gas at discounted prices.
''Oil Marketing Companies (OMCs), effective 16 June 2014, are now incurring combined daily under-recovery of about Rs 249 crore on the sale of diesel, PDS kerosene and domestic LPG,'' according to a release issued here today by the Ministry of Petroleum and Natural Gas.
This is less than Rs 262 crore daily under-recoveries during previous fortnight.
The under-recoveries for the financial year 2014-15 are projected to be Rs 91,665 crore, while the figure was Rs 1,39,869 in the 2013-14.
The under-recovery on High Speed Diesel (HSD) applicable for second fortnight of June will go down to Rs 1.62 per litre. This was Rs 2.80 per litre during the first fortnight of June.
In the case of PDS kerosene and domestic LPG, under-recoveries for the second fortnight of June continues to be Rs 32.87 per litre and Rs 432.71 per cylinder, respectively, as in the last fortnight |
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