Indian Oil Organization Ltd. has made the decision to improve the Retail store Promoting Price of Diesel Engine Oil w.e.f late night of 22 /23rd March'13 by Rs.0.45 per liter (excluding VAT) in line with the versatility given by the Govt to OMCs to modify the Diesel fuel costs.
Retail HSD costs were last improved way up by Rs.0.45 per liter (excl VAT) on Sixteenth Feb'13. After the present improve the under-recovery on Retail store HSD shall stand at Rs.8.19 per liter.
In addition to Retail store HSD, OMCs are also struggling under-recovery for selling of SKO (PDS) of Rs.33.43 per liter & LPG (Dom) of Rs.439.00 per cyndrical tube. Current year calculate of under-recovery for selling of three delicate products for the Organization is Rs.86400 crore app (Industry calculate Rs.163000 crore).
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