MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS(SHRI DINSHA PATEL)
(a): The additional realisation (net of Sales Tax) of the Public Sector Oil Marketing
Companies (OMCs) on account of price increase, effective 5th June,2008,is as follows:
Petrol Rs./Litre 4.17
Diesel Rs./Litre 2.67
Domestic LPG Rs./Cylinder 48.08
The additional revenue to be earned by the OMCs on account of price increase effective 5th June,
2008 has been estimated at Rs. 7,980 crore for the period from 5th June’08 to 30th September’08
as per details given below:
(Rs. crore)
Amount Provisional
Petrol 1990
Diesel 4870
Domestic LPG 1120
Total 7980
(b): The under-recoveries of OMCs on marketing of sensitive petroleum products that remained
uncovered despite the price hike are currently estimated at Rs.1.47 lakh crore,based on the
prices of 2nd fortnight of October,2008.The details are given below:
PDS Kerosene Rs./Litre 28.07
Domestic LPG Rs./Cylinder 322.17
Petrol Rs./Litre 2.37
Diesel Rs./Litre 6.45
(c): For the week ending 7th June,2008,the inflation rate was 11.66% for all the commodities,
out of which 1.16% was contributed by the increase in the prices of Domestic LPG,Petrol and
Diesel.
(d): The Profit after Tax (PAT) earned by the OMCs namely;Indian Oil Corporation (IOC),Bharat
Petroleum Corporation (BPC) and Hindustan Petroleum Corporation (HPC) during the last year is
given below:
(Rs.crore)
2007-08
IOC 6962.52
BPC 1580.56
HPC 1134.88
Total 9677.96
