Under Recoveries
May 24, 2012 at 13:12 | Source: Moneycontrol.com
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May 28, 2012 at 01:56 | Source: Economic Times
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The Chairman of the Indian Oil Corporation, R.S. Butola, on Thursday defended the oil marketing companies decision to hike the petrol price, saying there was no option but to do so. Terming the decision to hike the petrol price as unfortunate ...
May 23, 2012 at 18:29 | Source: Webindia 123
The company has declared a profit of Rs 1,300 crore for the whole year. The under recoveries currently on the three sensitive products which is HSD, kerosene domestic and LPG domestic is around Rs 4000 crore per month. Below is the edited ...
May 25, 2012 at 19:17 | Source: MoneyControl.com
This also does not change gross under-recoveries as petrol is technically a de-regulated product, and therefore losses on petrol are not added in the gross under-recoveries eligible for government compensation. Partial de-regulation is ...
May 24, 2012 at 11:47 | Source: Reuters UK
Indian oil refiners' under-recoveries on subsidised fuel sales at current prices are estimated to increase 29.3 per cent to Rs 1,91,433 crore in 2012-13. The estimate is based on the refinery gate price of diesel, PDS kerosene and domestic LPG as of May 1 ...
May 26, 2012 at 00:17 | Source: Hindu Business Line
"The current under recoveries in diesel and LPG requires immediate action to ensure that dual pricing of diesel pricing is introduced, where non farm use of diesel should have minimum subsidy. Also the huge subsidy on urban use of LPG should be phased out ...
May 24, 2012 at 12:37 | Source: MSN India
IOC says it has lost Rs 1056 crore in 50 odd days this year in under recoveries while the industry has lost Rs 2400 crore this year in under recoveries. India imports 80% of its oil. Butola promised to pass on the benefit to consumers if global ...
May 24, 2012 at 11:11 | Source: MoneyControl.com
The hike was brought about to ward off the huge losses incurred by way of under recoveries in the face of a depreciating Rupee, Mr Butola said. State-controlled OMCs raised the price of petrol since midnight last night after a gap of six months.
May 24, 2012 at 14:24 | Source: Webindia 123
In fact for diesel, all the three items which you are talking about the under recoveries are now huge which means the government is subsidising to keep the price down," he said. When asked about the possibility of government rolling back petrol ...
May 26, 2012 at 04:21 | Source: Hindustan Times
6.28 per litre (excluding VAT/Sales Tax). He said IOC under recovery is huge in several hundred crores. The under-recoveries suffered by Indian Oil during the year 2011-12 due to its inability to pass the increase to consumers, has resulted in total under ...
May 24, 2012 at 13:13 | Source: New Kerala
In fact for diesel, all the three items which you are talking about the under recoveries are now huge which means the government is subsidising to keep the price down,” he said. When asked about the possibility of government rolling back petrol price ...
May 25, 2012 at 20:57 | Source: Deccan Herald