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 for the month of December 2016. In the case of PDS Kerosene, the
under-recoveries with effect from January 1, 2017 will be Rs 12.78
per litre. The under-recovery was Rs. 10.51 per litre in the first fortnight
of December 2016 and Rs. 10.26 in the last fortnight of the month. The
cash transfer to customer under DBTL will be Rs. 150.29, out of which Rs. 121.87
will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 28.42
will be the Cash compensation on Domestic LPG by OMCs towards ‘Uncompensated
Costs’ to consumers.
Product-wise
Under-recoveries of Public sector Oil marketing Companies (OMCs):
|
Product
|
Unit
|
Under Recovery (eff. 1st Jan
|
Cash transfer to customer
|
|
PDS Kerosene*
|
(Rs./Litre)
|
12.78
|
–
|
|
Cash Compensation on
|
(Rs./Cylinder)
|
–
|
121.87
|
|
Cash Compensation on
|
(Rs./Cylinder)
|
–
|
28.42
|
* Under Recovery is for
Mumbai Market.
** Cash Subsidy is for
Delhi market.
The
under-recoveries/DBTL Subsidy for 2015-16 was Rs. 27,571 crore, while the
figure was Rs 76, 285 crore for 2014-15.
YKB/Rk/Under Recovery
