Native indian Oil Organization Ltd. (IndianOil) has experienced a decrease in Rs. 22,451 crore for the first one fourth of the present economical season finished May 2012 as compared to a decrease in Rs. 3,719 crore for the corresponding one fourth of the season before. The failures in the present one fourth are mainly due to:
a) Unmet under realisation of Rs. 17,485 crore on sale of HSD, SKO (PDS) and LPG (Domestic) in the insufficient sanction of budgeting support from Govt of Native indian.
b) Foreign Exchange decrease in Rs. 3,187 crore.
c) Stock assessment decrease in Rs. 4,062 crore impacting Total Improving Edge.
d) Higher Interest cost of Rs. 1,849 crore due to wait in invoice of settlement from Govt of Native indian.
The unaudited economical results of the Organization were taken on record at the conference of the Board of Administrators here today. The Total Income for the first one fourth of the present economical season finished May 2012 has improved by 12.4% to Rs. 101,936 crore from Rs. 90,713 crore during the same period last season.
Mr. RS Butola, Chair, IndianOil, said, "IndianOil sold 19.443 thousand lots of products, such as exports, during the first one fourth of 2012-13. Our every quarter refining throughput was 13.579 thousand lots and the throughput of the Businesses across the country sewerlines network was 18.583 thousand lots. The gross refining margin during the first one fourth was US$ (4.81) per bbl which was mainly on account of Stock assessment decrease in Rs. 4,062 crore which results in $ 7.54 per bbl".
a) Unmet under realisation of Rs. 17,485 crore on sale of HSD, SKO (PDS) and LPG (Domestic) in the insufficient sanction of budgeting support from Govt of Native indian.
b) Foreign Exchange decrease in Rs. 3,187 crore.
c) Stock assessment decrease in Rs. 4,062 crore impacting Total Improving Edge.
d) Higher Interest cost of Rs. 1,849 crore due to wait in invoice of settlement from Govt of Native indian.
The unaudited economical results of the Organization were taken on record at the conference of the Board of Administrators here today. The Total Income for the first one fourth of the present economical season finished May 2012 has improved by 12.4% to Rs. 101,936 crore from Rs. 90,713 crore during the same period last season.
Mr. RS Butola, Chair, IndianOil, said, "IndianOil sold 19.443 thousand lots of products, such as exports, during the first one fourth of 2012-13. Our every quarter refining throughput was 13.579 thousand lots and the throughput of the Businesses across the country sewerlines network was 18.583 thousand lots. The gross refining margin during the first one fourth was US$ (4.81) per bbl which was mainly on account of Stock assessment decrease in Rs. 4,062 crore which results in $ 7.54 per bbl".
