Overall daily sales losses have declined to Rs 262 crore per day
The losses of oil market companies (OMCs) on sale of diesel have dipped to mere Rs 2.80 per litre effective from 01 June 2014, supported by continued diesel prices hike and gains in the Rupee.The losses have fallen consistently from Rs 8.37 per litter in early March 2014 with the gain in the Rupee on expectations of stable government. The diesel sales losses have declined from Rs 4.41 per liter in the previous fortnight beginning 16 May 2014, while were lower compared to Rs 4.87 per liter a year ago.
Besides diesel, the OMCs are incurring losses of Rs 32.87 a litre on kerosene and Rs 432.50 on LPG cylinder.
The overall daily losses on sales of diesel, kerosene and LPG have declined to Rs 262 crore per day compared to Rs 318 crore in the previous fortnight and Rs 276 crore a year ago.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app