The under-recoveries for 2014-15 have been Rs 72,314 crore. The figure was Rs 1,39,869 crore for 2013-14.
Under-recoveries for the month of February 2016 will be Rs 5.11 per litre in case of PDS Kerosene
The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas has reviewed international prices of crude oil and petroleum products for the month of January 2016. In the case of PDS Kerosene, the under-recoveries for the month of February 2016 will be Rs 5.11 per litre (Rs 9.16 per litre in last month). The cash transfer to customer under DBTL will be Rs 155.78, out of which Rs. 108.12 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 47.66 will be the Cash compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers.
Product-wise Under-recoveries of Public Sector Oil Marketing Companies (OMCs):
|Product||Unit||Under / (Over) recovery (eff. 1st Feb 16)||Cash transfer to customer under DBTL (eff. 1st Feb 16)|
|Cash Compensation on Domestic LPG by Govt. to consumers**||(Rs./Cylinder)||–||108.12|
|Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers**||(Rs./Cylinder)||–||47.66|
*Inclusive of the quantum of erstwhile Fiscal Subsidy Scheme 2002 i.e. Rs 0.82/Litre.
** Cash Subsidy is for Delhi market.