Native indian Oil Organization has authorized a benefit of Rs.3332 crore for the third one fourth of the economical season 2012-13 as in comparison to a benefit of Rs. 2488 crore for the corresponding one fourth of the past economical year; mainly due to launch of Govt support to the track of Rs.13475 crore partially paying under recoveries on sale of three delicate products i.e. Diesel Jet Fuel, PDS Oil and LPG (Domestic).
The unaudited economical results of the Organization were taken on record at the conference of the Board of Administrators here today. Native indian Oil’s revenues for the third one fourth of the current economical season increased by 12% to Rs.107686 crore from Rs.96006 crore during the corresponding one fourth last season.
The Organization has published a lack of Rs.9508 crore for the first nine months of FY 2012-13 as in comparison to a lack of Rs.8716 crore for the same interval of the season before mainly due to unmet under recoveries due to non understanding of market related prices for Diesel fuel, PDS Oil Industry and LPG (Domestic), which still appears at Rs.13227 crore for the interval April-December 2012.
Mr. R.S. Butola, Chair, IndianOil, said, “IndianOil’s revenue amounts such as exports increased by 0.419 Thousand Loads to 19.706 Thousand Loads during the third one fourth of FY 2012-13 as as opposed to corresponding one fourth of the past economical season. The every quarter improving throughput went up partially by 0.042 Thousand Loads to 14.208 Thousand Loads as as opposed to corresponding one fourth of the past economical season. The throughput of the Corporation’s across the country sewerlines system went up by 1.111 Thousand Loads to 19.471 Thousand Loads as as opposed to corresponding one fourth of the season before.”
The unaudited economical results of the Organization were taken on record at the conference of the Board of Administrators here today. Native indian Oil’s revenues for the third one fourth of the current economical season increased by 12% to Rs.107686 crore from Rs.96006 crore during the corresponding one fourth last season.
The Organization has published a lack of Rs.9508 crore for the first nine months of FY 2012-13 as in comparison to a lack of Rs.8716 crore for the same interval of the season before mainly due to unmet under recoveries due to non understanding of market related prices for Diesel fuel, PDS Oil Industry and LPG (Domestic), which still appears at Rs.13227 crore for the interval April-December 2012.
Mr. R.S. Butola, Chair, IndianOil, said, “IndianOil’s revenue amounts such as exports increased by 0.419 Thousand Loads to 19.706 Thousand Loads during the third one fourth of FY 2012-13 as as opposed to corresponding one fourth of the past economical season. The every quarter improving throughput went up partially by 0.042 Thousand Loads to 14.208 Thousand Loads as as opposed to corresponding one fourth of the past economical season. The throughput of the Corporation’s across the country sewerlines system went up by 1.111 Thousand Loads to 19.471 Thousand Loads as as opposed to corresponding one fourth of the season before.”
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