It has been made the decision to modify MS costs downwards by Rs. 2.46/litre (excluding condition levies) w.e.f night time of 28-29 May, 2012.
The down modification shall differ from Rs. 2.46/litre to Rs. 3.22/litre (including State levies) based on the State taxation. In the condition of Delhi, the cost reduce will be Rs. 2.46/litre as the effect of State tax shall be nil on decrease until the prices as on Twenty third May'12 as per VAT exception to this rule order old Sixteenth May 2012 of Delhi Government. The loss of other Declares will differ based on the specific prices of State VAT / Revenue Tax.
The down modification shall differ from Rs. 2.46/litre to Rs. 3.22/litre (including State levies) based on the State taxation. In the condition of Delhi, the cost reduce will be Rs. 2.46/litre as the effect of State tax shall be nil on decrease until the prices as on Twenty third May'12 as per VAT exception to this rule order old Sixteenth May 2012 of Delhi Government. The loss of other Declares will differ based on the specific prices of State VAT / Revenue Tax.
|
|
|
New Delhi |
Mumbai |
Chennai |
Kolkata |
Hyderabad |
Bengaluru |
|
Proposed RSP
|
Rs./litre |
67.78
|
73.35
|
72.27
|
72.74
|
74.89
|
76.39
|
|
Current RSP
|
Rs./litre |
70.24
|
76.45
|
75.40
|
75.81
|
78.11
|
79.61
|
|
Reduction
|
Rs./litre
|
2.46 |
3.10 |
3.13 |
3.07
|
3.22
|
3.22
|
During present financial, the Organization has already gathered failures of Rs 1053 crore (Industry: Rs 2323 crore) on MS sales during the first two several weeks due to lack of ability of OMCs to modify MS costs in line with advanced stage of worldwide oil costs & evaporated USD-INR return amount existing during that period.
In inclusion, OMCs are struggling advanced stage of under-recoveries on the three delicate oil items, namely HSD, SKO (PDS) and LPG (Dom). Last modification in amount of delicate items was performed in June'11. As in contrast to last cost modify, present under-recovery on HSD has gone up from Rs.6.13 per liter to Rs.10.20 per liter, for SKO (PDS) from Rs.24.16 per liter to Rs.30.53 per liter and for LPG (Dom) from Rs.331.13 per cyndrical tube to Rs.396.00 per cyndrical tube as on Sixteenth June'12. At these prices, it is approximated that under-recovery available of delicate items during 2012-13 shall be around Rs.83000 crore (Industry: Rs.151000 crore).
OMCs keep carefully observe the worldwide oil costs and the increasing situation in USD-INR forex prices to determine their prospective effect on costs later on. It may be mentioned that existing international financial circumstances have had an negative effect on world MS need leading to MS edges over raw oil costs dropping to not sustainable stages. Therefore, cost differential of raw and MS shall also be under a near observe later on.
In inclusion, OMCs are struggling advanced stage of under-recoveries on the three delicate oil items, namely HSD, SKO (PDS) and LPG (Dom). Last modification in amount of delicate items was performed in June'11. As in contrast to last cost modify, present under-recovery on HSD has gone up from Rs.6.13 per liter to Rs.10.20 per liter, for SKO (PDS) from Rs.24.16 per liter to Rs.30.53 per liter and for LPG (Dom) from Rs.331.13 per cyndrical tube to Rs.396.00 per cyndrical tube as on Sixteenth June'12. At these prices, it is approximated that under-recovery available of delicate items during 2012-13 shall be around Rs.83000 crore (Industry: Rs.151000 crore).
OMCs keep carefully observe the worldwide oil costs and the increasing situation in USD-INR forex prices to determine their prospective effect on costs later on. It may be mentioned that existing international financial circumstances have had an negative effect on world MS need leading to MS edges over raw oil costs dropping to not sustainable stages. Therefore, cost differential of raw and MS shall also be under a near observe later on.
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