Indian Oil Organization Ltd. has made the decision to impact the following changes in MS and HSD retail store costs w.e.f late night of 15th/16th February'13:
Cost level of HSD to be enhanced way up by Rs 0.45/litre (excluding VAT)
Cost level of MS to be enhanced way up by Rs 1.50/litre (excluding VAT).
MS costs were last enhanced downwards by Rs. 0.25/litre/litre (excl VAT) on Eighteenth January'13. Since last price modify the worldwide oil costs have regularly proven an uptrend. Raw oil price has enhanced from $109.08/bbl to $ 113.24/bbl, while International MS costs have enhanced from $119.59/bbl to $128.57/bbl. The INR-USD return amount has however enhanced from Rs.54.78 to Rs.53.43 per USD during the interval. The Organization has been forced to complete on the improve in MS costs to customers as the Organization has already experienced failures for selling of MS so far and styles in worldwide oil industry as well as INR-USD return amount indicate ongoing durability. Actually, currently MS costs are hanging around $132.80/bbl. The styles of worldwide Diesel Engine Oil costs and INR-USD return amount shall be assessed and the same shall be shown later on price changes.
HSD costs were last enhanced way up by Rs.0.45/litre (excl VAT) on Eighteenth Jan'13. Consequently, the under-recovery on HSD had correspondingly decreased to Rs.9.15/litre. However, since the last price modification, worldwide HSD costs have also proven ongoing uptrend. As a outcome, under-recovery has gone up to Rs.10.72/litre which now, with present way up modification of HSD costs by Rs. 0.45/litre, shall take a position decreased to Rs. 10.27/litre.
In inclusion to reduction for selling of HSD, OMCs are also struggling under-recovery for selling of SKO (PDS) of Rs.31.60/litre & LPG (Dom) of Rs.481.00/cyl. Estimated under-recovery of the Organization on three delicate items is predicted to mix Rs.86000 crore and of the Market beyond Rs.163000 crore during present season.
No comments:
Post a Comment