Sunday 20 January 2013

PRESS RELEASE ON MS, HSD AND LPG

It has been determined to enhance the right of subsidised family LPG pipes until Objective 2013 from 3 to 5 pipes. However, no compensation shall be appropriate on any LPG family cyndrical pipe already offered at non offered price during the period 14.09.2012 until period of your energy and energy and effort. For FY 2013-14, the right of offered family LPG cyndrical pipe shall enhance from 6 to 9.

Indian Oil Company Ltd. has also determined the following changes in the MS, HSD prices:


    MS price shall take a place decreased by 0.25 paise per liter (excluding VAT) w.e.f. nights 17-18, Jan, 2013.

    HSD price shall take a place enhanced by 0.45 paise per liter litre (excluding VAT) w.e.f. nights 17-18, Jan, 2013.<

    The price of family non-subsidized pipes over and above five offered pipes for FY 2012-13 shall take a place enhanced by Rs.46.50 per cyndrical pipe.

    For huge clients of HSD getting sources directly from the set ups of the OMCs, therefore, no subsidy shall be available and the price shall be non-subsidized industry determined price.Accordingly, the price of diesel petrol fuel for huge clients getting sources directly from set ups of IndianOil shall take a place enhanced by Rs.9.25 per liter (excluding VAT) w.e.f. nights 17-18, Jan, 2013.


As a impact of the above, the under recoveries on HSD both huge and retail shop outlet shall decrease by roughly. Rs.3400 crore until Objective 2013.  Based on the existing expenses and volumes, the lack of the under-recoveries on annually base on HSD shall be roughly. Rs.15000 crore for OMCs as a whole. The enhance in under-recovery due to enhance in offered LPG cyndrical pipe shall be Rs.5200 crore for OMCs as a whole until Objective 2013. Based due to quantity and price, the enhance in under-recoveries due to LPG cyndrical pipe on annually base shall be Rs.10000 crore for OMCs as a whole.

The lack of the under-recoveries due to enhance in Oil Price of family non-subsidized LPG is estimated to be insignificant as the no. of gone away pipes has been enhanced to five until Objective 2013.