Crude Oil Price for Indian Basket jumps to US$ 103.42/bbl on June 14, 2013
INVC, Delhi, 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 during the Ist Fortnight ofJune 2013. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of June effective 16.06.2013 has increased sharply to Rs 6.31 per/litre. This was Rs 4.87 per litreduring Ist fortnight of June 2013 w.e.f. 1.6.2013. In the case of PDS Kerosene and Domestic LPG, under-recoveries for the month of June 2013 remain same at Rs 27.75 per litre and Rs 335.14 per cylinder respectively as these are computed on monthly basis.