Monday, December 16th, 2019

Under Recoveries by OIL Marketing Companies

INVC,, New Delhi,, The Minister for Petroleum & Natural Gas Shri Murli Deora informed the Lok Sabha in a reply today that the annual under-recoveries of the Public Sector Oil Marketing Companies (OMCs) on the sale of four sensitive petroleum products i.e. Petrol, Diesel, PDS Kerosene and Domestic LPG have been estimated to be around Rs.1,10,000 crore, assuming an average crude oil price at 85 dollar per barrel and at Rupee-Dollar exchange rate of Rs. 45 per dollar for the year 2010-11. The Minister further informed that in order to suggest a viable and sustainable system of pricing of petroleum products and address the issues relating to under-recoveries of the OMCs, an Expert Group was constituted by the Government under the chairmanship of Dr. Kirit Parikh, which has submitted its Report on 3rd February, 2010. The Government has recently constituted an Empowered Group of Ministers on 27.4.2010, which will consider issues relating to the under-recoveries of the Oil Marketing Companies on the sale of four sensitive petroleum products in the light of the recommendations of the Kirit Parikh Committee Report and other related issues. murli

Comments

CAPTCHA code

Users Comment

BidCactus, says on November 30, 2010, 10:01 PM

I'd like to post a review article up on your blog. I'm willing to pay you between $60 - $100 just for one post. You can read the article I'd like to post up by visiting the site in my name. Please send me an email asap to let me know as there are other offers on the table!

Jerrod Ingenito, says on November 14, 2010, 2:54 AM

My buddy requested that we come and focus at the blog post, nancy truly do a school project on the subject. Were did you have your oringal information about this or did an individual recover it?

Bryon Krom, says on October 27, 2010, 6:43 AM

That won't work OK today.

Cody Wolbeck, says on October 27, 2010, 2:58 AM

Looking at a number your articles I really found this one to generally be really good. I've got a web log also and would wish to repost a number of snips of your articles on my own blog website. Should it be ok if I use this so long I personal reference your site or build a back link to the posting I procured the snip from? Otherwise I recognize and could not do it without your acceptance . I have book marked this valuable posting to twitter along with flickr account intended for reference. Anyway appreciate it either way!

Juan Hesterman, says on October 26, 2010, 6:04 AM

I enjoyed reading this post, I was just wondering do you trade featured posts? I am constantly looking for someone to make trades with and simply thought I'd ask.

Marlo Huston, says on October 25, 2010, 12:58 PM

That was the most recent craze.

Online Banking Saftey, says on October 18, 2010, 10:28 AM

I think that is an interesting point, it made me think a bit. Thanks for sparking my thinking cap. Sometimes I get so much in a rut that I just feel like a record.