For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    India Oil hikes diesel prices by Rs 0.45

    |

    Indian Oil Corporation Ltd. has said that it has increased the Retail Selling Price of Diesel w.e.f midnight of 22nd /23rd March'13 by Rs.0.45 per litre (excluding VAT) in line with the flexibility given by the Government to OMCs to revise the Diesel prices.
    Retail HSD prices were last revised upward by Rs.0.45 per litre (excl VAT) on 16th Feb'13. After the current increase the under-recovery on Retail HSD shall stand at Rs.8.19 per litre.

     

    In addition to Retail HSD, OMCs are also suffering under-recovery on sale of SKO (PDS) of Rs.33.43 per litre & LPG (Dom) of Rs.439.00 per cylinder. Current year estimate of under-recovery on sale of three sensitive products for the Corporation is Rs.86400 crore app (Industry estimate Rs.163000 crore).

    GoodReturns.in

    Read more about: diesel prices
    Story first published: Saturday, March 23, 2013, 9:34 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more