The government-run oil marketing companies
suffered a loss of Rs 64,900 crore as under-recoveries during the first 15 days of this month due to selling diesel, kerosene and domestic liquefied petroleum gas on
subsidised rates, official data showed on Wednesday.
The companies suffered the maximum under-recovery of Rs 37,719 crore on sale of diesel.
Oil PSUs to lose Rs 1,21,700 cr in 2011-12 According to data released by the ministry of petroleum and natural gas, the oil marketing companies suffered under-recovery of Rs 10.17 per litre on sale of diesel.
Govt payment delays add to oil companies' worries The companies suffered a loss of Rs 25.66 on sale of each litre of kerosene oil and Rs 260.5 on sale of each cylinder of liquefied petroleum gas (LPG) for domestic use.
Total under-recovery on sale of kerosene oil during the first fortnight of November was Rs 13,361 crore while under-recovery on sale of domestic LPG was Rs 13,820 crore.
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