The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that at present, the Public Sector Oil Marketing Companies (OMCs) incur under-recovery on sale of PDS Kerosene and Subsidized Domestic LPG only. For the year 2015-16, the burden sharing mechanism is as under:
- The Government has approved budgetary support for PDS Kerosene under-recovery at a rate of Rs. 12/Litre and the remaining under-recovery will be borne by the upstream companies.
- The Government has approved a fixed subsidy of Rs. 18/kg under the Direct Benefit Transfer for Domestic LPG.
The details of cash assistance provided by the Government to OMCs in the first quarter of 2015-16 are as under:
(Rs. Crore)
IOCL
|
BPCL
|
HPCL
|
Total
| |
(i) PDS Kerosene
| ||||
Cash assistance by the Government
|
1733
|
404
|
451
|
2588
|
(ii) Domestic LPG (DBTL)
| ||||
Total DBTL subsidy for Apr-Jun’2015
|
2506
|
1155
|
1193
|
4854
|
Courtesy:pib.nic.in
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