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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
04-September-2017 16:10 IST
Under-recoveries for the month of September 2017 will be Rs. 7.79 per litrefor PDS Kerosene

 

The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products for the month of August 2017. In the case of PDS Kerosene, the under-recoveries with effect from September 1, 2017 will be Rs7.79per litre.The under-recovery was Rs. 7.02 per litre in the first fortnight of August 2017 and Rs. 6.77 in the last fortnight of the month. The cash transfer to customer under DBTL will be Rs.110.32, out of which Rs. 95.11 will be Cash Compensation on Domestic LPG by Govt. to consumers &Rs15.21 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. 1stSeptember17)

Cash transfer to customer under DBTL(eff. 1st September 17)

PDS Kerosene*

(Rs./Litre)

7.79

-

Cash Compensation on Domestic LPG by Govt. to consumers**

(Rs./Cylinder)

-

95.11

Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers**

(Rs./Cylinder)

-

15.21

 

 * Under Recovery is for Mumbai Market.

 ** Cash Subsidy is for Delhi market.

The under-recoveries/DBTL Subsidy for 2017-18 (Q1) was Rs. 6,319 crore,while the figure was Rs. 19,728crore for 2016-17 andRs. 27,571 crore for 2015-16.

 

 

KM/SA/Under Recovery