Oil under-recoveries may rise to Rs 1.3L cr in FY14: Kotak

Oil under-recoveries may rise to Rs 1.3L cr in FY14: Kotak Brokerage firm Kotak Institutional Equities revised its estimates of under-recoveries on diesel, kerosene and LPG to Rs 1,30,000 crore for FY14 against Rs 1 trillion amid firmness in international oil prices, weaker exchange rate and the government failing to increase diesel prices.

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