Oil marketing companies (OMCs) under-recovery on high speed diesel (HSD) decreased 0.72% to Rs 8.37 a litre applicable for Ist fortnight of Mar. 1, 2014. This was Rs 8.31 per litre during second fortnight of Feb. 01, 2014.
In the case of PDS Kerosene and Domestic LPG the under-recoveries for the month of March 2014 are Rs 36.34 per litre and Rs 605.80 per cylinder respectively.
OMCs, effective Mar. 1, 2014, are now incurring combined daily under-recovery of about Rs 4.11 billion on the sale of Diesel, PDS Kerosene and Domestic LPG. This is higher than Rs 4.56 billion daily under-recoveries during previous fortnight effective Mar. 01, 2014.
The OMC's reported a total of Rs 1,006.32 billion as under-recoveries during Ist Nine months of 2013-14 (April-December) on Diesel, PDS Kerosene, Domestic LPG.