Home > Crude Oil & Petroleum > By how much do petro-product prices need to rise??

By how much do petro-product prices need to rise??

After the price hike in petroleum products, it has become imperative to look at the under-recoveries likely to be suffered by the oil marketing companies on selling petro-products below market prices.

HSBC in its report titled  “India Petroleum Insight” has given the details of under-recoveries or price increase required in order to eliminate under-recoveries or loss on sale of petro-products.

Price increase required for NIL under-recovery (based on prevailing crude oil price of USD76/bbl and INR/USD 46.4 exchange rate)
Petroleum Products  Price increase  Price increase in %
Petrol (Rs/ litre)

0.2

0%

Diesel (Rs/ litre)

1.6

4%

LPG (Rs/ cylinder)

172.3

49%

Kerosene (Rs/litre)

14.2

116%

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Categories: Crude Oil & Petroleum
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