MS cost modify

It has been made the decision to modify the MS costs downwards by Rs. 0.95 per liter (excluding State levies) w.e.f Sixteenth Nov12.

Presently, the worldwide oil costs are relatively constant. However, there has been important movements in the INR-USD return amount and is currently very poor with doubt about its upcoming route. The styles in the worldwide oil industry and INR-USD return amount are being assessed and the same shall be shown later on price changes.

It may be mentioned that Oil Marketing Organizations are keeping the problem of a loss of over Rs 2000 crore roughly available for promoting of MS during April-September12 due to lack of ability to change retail store costs to the preferred level in line with industry circumstances.

As is known, moreover to reduction available for promoting of MS, OMCs are also struggling under-recovery available for promoting of three delicate oil items, namely HSD (Rs.9.84/litre), SKO(PDS) (Rs.31.30/litre) & LPG (Dom) (Rs.478.50/cyl). Estimated under-recovery on these items is predicted to mix Rs.160000 crore for the present year.

Existing and Improved costs for cities are given below:


   


   

New Delhi
   

Mumbai
   

Chennai
   

Kolkata
   

Hyderabad
   

Bengaluru

Proposed RSP
   

' /litre
   

67.24
   

73.53
   

70.57
   

74.55
   

73.73
   

74.22

Current RSP
   

' /litre
   

68.19
   

74.73
   

71.77
   

75.74
   

74.98
   

75.47

Decrease
   

' /litre
   

(0.95)
   

(1.20)
   

(1.20)
   

(1.19)
   

(1.25)
   

(1.25)