It has been determined to improve the MS costs downwards by Rs. 0.56 per litre (excluding Scenario costs in Delhi) w.e.f 9th Oct’12.
Presently, the INR-USD come coming back quantity has confirmed an appreciating routine. The globally oil costs, however, keep remain organization releasing their night on MS costs. There has been significant actions in Worldwide Oil costs and INR-USD come coming back quantity. The designs in the globally oil market and INR-USD come coming back quantity shall be examined and the same shall be confirmed later on price changes.
It may be described that Oil Promotion Organizations have experienced a decrease in Rs 2600 crore approximately available of MS during April-September’12 due to not able to improve shop costs to the recommended stage in extensive comprehensive extensive wide range with market conditions.
As is known, moreover to decrease available of MS, OMCs are also having problems under-recovery available of three sensitive oil products, namely HSD (Rs.11.65/litre), SKO(PDS) (Rs.33.93/litre) & LPG (Dom) (Rs.468.50/cyl). Approximated under-recovery on these products is expected to mixture Rs.160000 crore for the present interval.
Presently, the INR-USD come coming back quantity has confirmed an appreciating routine. The globally oil costs, however, keep remain organization releasing their night on MS costs. There has been significant actions in Worldwide Oil costs and INR-USD come coming back quantity. The designs in the globally oil market and INR-USD come coming back quantity shall be examined and the same shall be confirmed later on price changes.
It may be described that Oil Promotion Organizations have experienced a decrease in Rs 2600 crore approximately available of MS during April-September’12 due to not able to improve shop costs to the recommended stage in extensive comprehensive extensive wide range with market conditions.
As is known, moreover to decrease available of MS, OMCs are also having problems under-recovery available of three sensitive oil products, namely HSD (Rs.11.65/litre), SKO(PDS) (Rs.33.93/litre) & LPG (Dom) (Rs.468.50/cyl). Approximated under-recovery on these products is expected to mixture Rs.160000 crore for the present interval.
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