Zee Media Bureau
With international oil prices continuing to slide, the over-recovery or profit on diesel sales, which was Rs 1.90 per litre in the first half of October, climbed to Rs 3.56 per litre.
But under-recoveries continue on kerosene and LPG.
“In the case of PDS Kerosene and Domestic LPG, the under-recoveries for the 2nd fortnight of October 2014 will be Rs 31.22 per litre (Rs 31.22 per litre in last fortnight) and Rs 404.64 per cylinder (Rs 404.64 per cylinder in last fortnight) respectively,” an official statement said.
State-owned fuel retailers — IOC, BPCL and HPCL, effective 16th October, are losing about Rs 139 crore a day on sale of PDS kerosene and domestic LPG.
This is lower than Rs 156 crore daily under-recoveries during previous fortnight, it said.
The under-recoveries for the first quarter of the financial year 2014-15 has been Rs 28,691 crore. The figure was Rs 1, 39,869 crore for full year in the 2013-14.
