Diesel under-recovery decreased to Rs 0.08 per litre for fortnight commencing Sept. 1
Diesel under-recovery has been decreased to Rs. 0.08 per litre for a fortnight commencing from today. Oil Marketing Companies (OMCs), effective September 1, are now incurring a combined daily under-recovery of about Rs 195 crore on the sale of diesel, PDS kerosene and domestic LPG. This is lower than the Rs.230 crore daily under-recoveries during the previous fortnight. The under-recoveries for the financial year 2014-15 are projected to be Rs.91,665 crore, while the figure was Rs.1, 39,869 crores in 2013-14.