MS charges have been decontrolled by the Govt of India wef 25.06.10 and since then the Oil Marketing Companies (OMCs) are free to rectify the trading cost of petrol. OMCs are reconsidering MS charges on fortnightly basis.
In agreement with the accessible Govt mandate & the action of worldwide oil charges as well as the INR-USD exchange rate, gasoline charges have been modified 4 times throughout present year. The last modification attempted w.e.f. 16.11.11 was a decrease in cost of Rs.1.85/litre (excluding state levies).
Review of worldwide oil charges & INR-USD exchange rate of applicable fortnight for charges productive 01.12.11 adds out a farther downtrend in worldwide oil charges and a farther dwindling of the exchange rate. Thus, while MS worldwide charges have shifted down considerably from $116/bbl approx. to $109/bbl approx., the exchange rate has worsened from Rs.49.32/USD to Rs.51.50/USD. The blended influence of the two components is an over-recovery of Rs.0.65/litre. It has, thus, been determined to modify the MS charges down high ground by Rs.0.65 / litre (excluding state levies) w.e.f. 1st Dec, 2011.
However, present tendency is of expanding worldwide MS charges & farther worsening of exchange rate. These expansion are being supervised nearly and will influence the main heading of charges in the next charge cycle.
While worldwide cost of MS has turned down throughout time span under reconsider, worldwide charges of the three perceptive goods, namely HSD, SKO (PDS) and LPG (Dom), have shown a pointed uptrend accordingly having a farther harmful influence on under-recovery on sales of these goods w.e.f. 1st Dec, 2011. The under-recovery on HSD has gone up from Rs 10.17/litre to Rs.12.03/litre, for SKO(PDS) from Rs.25.66/litre to Rs.28.56/litre and for LPG(Dom) from Rs.260.50/cylinder to Rs.286.50/cylinder. The boost in under-recovery on perceptive goods would boost the per day under-recovery of OMCs from Rs.348 crore/day throughout the fortnight of 16-30.11.11 to Rs.452 crore/day wef 1st Dec, 2011, with the general under-recovery projection of OMCs throughout 2011-12 traversing Rs.135000 crore.
In agreement with the accessible Govt mandate & the action of worldwide oil charges as well as the INR-USD exchange rate, gasoline charges have been modified 4 times throughout present year. The last modification attempted w.e.f. 16.11.11 was a decrease in cost of Rs.1.85/litre (excluding state levies).
Review of worldwide oil charges & INR-USD exchange rate of applicable fortnight for charges productive 01.12.11 adds out a farther downtrend in worldwide oil charges and a farther dwindling of the exchange rate. Thus, while MS worldwide charges have shifted down considerably from $116/bbl approx. to $109/bbl approx., the exchange rate has worsened from Rs.49.32/USD to Rs.51.50/USD. The blended influence of the two components is an over-recovery of Rs.0.65/litre. It has, thus, been determined to modify the MS charges down high ground by Rs.0.65 / litre (excluding state levies) w.e.f. 1st Dec, 2011.
However, present tendency is of expanding worldwide MS charges & farther worsening of exchange rate. These expansion are being supervised nearly and will influence the main heading of charges in the next charge cycle.
While worldwide cost of MS has turned down throughout time span under reconsider, worldwide charges of the three perceptive goods, namely HSD, SKO (PDS) and LPG (Dom), have shown a pointed uptrend accordingly having a farther harmful influence on under-recovery on sales of these goods w.e.f. 1st Dec, 2011. The under-recovery on HSD has gone up from Rs 10.17/litre to Rs.12.03/litre, for SKO(PDS) from Rs.25.66/litre to Rs.28.56/litre and for LPG(Dom) from Rs.260.50/cylinder to Rs.286.50/cylinder. The boost in under-recovery on perceptive goods would boost the per day under-recovery of OMCs from Rs.348 crore/day throughout the fortnight of 16-30.11.11 to Rs.452 crore/day wef 1st Dec, 2011, with the general under-recovery projection of OMCs throughout 2011-12 traversing Rs.135000 crore.
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