Oil marketing companies (OMCs) under-recovery on high speed diesel (HSD) decreased 36.51% to Rs 2.80 a litre applicable for first fortnight of June 2, 2014. This was Rs 4.41 a litre during secnd fortnight of May 16, 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 a litre (Rs 33.84 a litre in last fortnight) and Rs 432.71 per cylinder(Rs 449.13 per cylinder in last fortnight) respectively.

OMCs, effective 2nd June 2014, are now incurring combined daily under-recovery of about Rs 2.62 billion on the sale of Diesel, PDS Kerosene and Domestic LPG. This is less than Rs 3.18 billion daily under-recoveries during previous fortnight.