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 July 2016. In the case of PDS Kerosene, the under-recoveries for the month of August 2016 will be Rs 11.49 per litre (Rs 13.12 per litre in last month). The cash transfer to customer under DBTL will be Rs. 63.91, out of which Rs. 33.93 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 29.98 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 Aug 16)||Cash transfer to customer under DBTL(eff. 1st Aug 16)|
|Cash Compensation on Domestic LPG by Govt. to consumers**||(Rs./Cylinder)||–||33.93|
|Cash Compensation on Domestic LPG by OMCs towards ‘Uncompensated Costs’ to consumers**||(Rs./Cylinder)||–||29.98|
* Under (Over) Recovery is for Mumbai Market.
** Cash Subsidy is for Delhi market.
The under-recoveries/DBTL Subsidy for 2015-16 was Rs. 27,571 crore, while the figure was Rs 76,285 crore for 2014-15.