For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Diesel under recovery drops to Rs 9.58 per litre

|

Diesel under recovery dropped in the current fortnight to Rs 9.58/litre, lower than the level of previous fortnight Rs 10.24litre

Oil Marketing Companies effective November 1, 2013, are now incurring combined daily under-recovery of about Rs 420 croreon the sale of Diesel, PDS Kerosene and Domestic LPG. This is lower than Rs 442 crore daily under-recovery during previous fortnight effective 16.10.2013.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas increased to US$ 107.79/per barrel (bbl) on 31.10.2013.

 

This is higher than the price US$ 107.38/bbl which prevailed on the previous trading day of 30.10.2013.

In rupee terms also, the crude oil price rose to Rs 6619.38 per bbl on 31.10.2013 as compared to Rs 6602.80 /bbl on 30.10.2013. This was due to price increase in dollar terms, though rupee appreciation reduced a part of the impact. Rupee-dollar exchange rate on 31.10.2013 was Rs 61.41/US$ against Rs 61.49/US$ on previous trading day of 30.10.2013.

GoodReturns.in

Story first published: Saturday, November 2, 2013, 10:54 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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