Need fortnightly review of diesel prices: RS Sharma

In an interview to CNBC-TV18, RS Sharma, Former Chairman of ONGC spoke about the current environment in the oil and gas space

Will hike diesel by 50 paise/litre on July 1: BPCL's Singh

Based on 57/USD as the exchange rate, the under recovery on diesel stands at Rs 6.30, he added.

Panel to decide on new pricing formula: BPCL chief

If the new pricing method, called the export parity pricing formula is introduced, oil companies will not be re-imbursed for incremental costs like logistics and freight charges.

Rupee depreciation may push up petrol price on June 1: BPCL

BPCL Chairman and Managing Director RK Singh sees petrol prices to go up from June 1 due to depreciation in rupee.

Diesel-price hike to cut underrecovery by Rs 3: BPCL

RK Singh, CMD, BPCL says, in an interview to CNBC-TV18, that the current diesel-price hike will cut underrecovery on diesel by Rs 3.

OMCs should hike diesel prices more often: Kirit Parikh

Kirit Parikh, former Planning Commission member and oil-and-gas expert, says in an interview to CNBC-TV18, that consumers have accepted revisions in petrol prices and less frequent price revisions would lead to OMCS charging more.

OMCs can easily afford to cut prices by 2-2.5/litre: Expert

The oil marketing companies could easily afford to bring down the price of petrol by at least Rs 2-2.50 per litre, says Narendra Taneja, energy expert.

No diesel price hike rollback, losses at Rs 8.50-9/L: BPCL

The Oil Marketing Companies (OMC) such as Bharat Petroleum Corp, Hindustan Petroleum Corp and Indian Oil Corp have incurred losses of Rs 1,61,000 crores in 2012-13 due to subsidised sale of diesel.

45 paise/L diesel hike to cut BPCL, ONGC losses

The government had said last month it would allow fuel retailers to raise the price of subsidised diesel by 0.40 rupees-0.50 rupees a litre every month and asked bulk buyers to pay market rates. Major oil marketing companies have taken the decision to hike fuel prices, which should be encouraging for the market.

See no issues with diesel price hikes every month: BPCL

Diesel is all set to get dearer soon. Oil companies are likely to announce another round of diesel price hike in a day or two. The price hike would provide some respite to oil retailers who are currently incurring a loss of around Rs 10 per litre on sale of diesel.

Govt should balance act post diesel price hike: Ex oil secy

After allowing oil companies to raise diesel price, the government will have to do a balancing act of generating revenue and protecting common man's interest, said RS Pandey, former oil secretary.

Diesel sales deregulation to save govt Rs 2,300cr: BPCL

BPCL, CMD, RK Singh explained in an interview on CNBC-TV18, that the proposal to deregulate bulk diesel sales will save the government Rs 2,300 crore

Diesel price-hike good; aid LPG cap hike with price: BPCL

RK Singh, CMD, BPCL explains on CNBC-TV18 that the staggered hike in diesel prices bodes well for the oil and gas industry. He adds that if the government plans to increase the cap on LPG cylinders it be supported by a corresponding increase in the price of LPG.

Further govt compensation to boost performance ahead: BPCL

S Varadarajan, Director-Finance of BPCL said the government had released Rs 7,239 crore as compensation to the company in the first half of the year. Its cumulative under-recoveries for the first six months were more than Rs 20,000 crore, added Varadarajan.

Opening of FDI gates will stymie Oppn, boost FII: Ficci

Ficci secretary-general Rajiv Kumar explains to CNBC-TV18 that the decision to allow FDI into multi-brand retail will confuse the Opposition and boost the domestic and overseas investment sentiment.

Oil PSUs under-recovery to lessen by Rs 20,000cr: BPCL

RK Singh, chairman and managing director of BPCL pointed out that post diesel price hike, under recoveries of public sector oil companies will now reduce by Rs 20,000 crore.

Market driven price for LPG will be Rs 747 in Delhi: IOC

PK Goyal, director - finance, IOC, says that the under recovery on diesel effectively will only be reduced by Rs 3.50 a litre.

A Rs 3-hike in diesel won't be of much help: BPCL

Responding to a report that diesel prices may be increased by Rs 3-4 per litre shortly, state-owned Bharat Petroleum‘s chairman and managing director RK Singh told CNBC-TV18 that the hike would not be of much help to oil marketing companies.

Engineers India upbeat on heavy order-book

Ashok Kumar Purwaha, chairman, Engineers India Limited explains to CNBC-TV18 the company will post reasonable growth after recording continued growth in turnover of 50% with PBT and PAT levels at over-33%.

Oil prices volatile; stability vital before more cuts: BPCL

RK Singh, chairman, BPCL says in rupee terms, oil prices are still high. "We have cut prices only to the extent which is sustainable," he says.

BPCL seeks RBI nod to source 100% $ requirement from 1 PSB

The chairman and managing director of BPCL RK Singh tells CNBC-TV18 that they have sought permission from the Reserve Bank of India to source all their dollar requirement from one public sector bank.

Need stability in crude price before moving on petrol: BPCL

In an interview to CNBC-TV18, chairman and managing director of BPCL RK Singh says that they are looking for a sustained stability in crude prices before moving on petrol.

Prod in Mozambique could start only by 2017-2018: Taneja

Narendra Taneja, South Asia Bureau Chief of Upstream tells CNBC-TV18 said that although, the Mozambique offshore is supposed to be floating on gas, it is a comparatively new kid on the block with no big history of offshore oil and gas exploration.

BPCL may cut petrol price by Rs 1.50-2/lt today, says CMD

RK Singh, chairman and managing director of BPCL says, there is a possibility of reduction in the petrol prices. “In the last fortnight, it has come down; both the product and petrol prices have come down. Therefore, there is a possibility of reduction to the extent of about Rs 1.50 or so,” he adds.

Govt should seek Parliament approval for subsidies: Expert

According to the former director of finance for BPCL SK Joshi, the best way for the government to manage its subsidies and the price of petrol is by giving over control to Parliament.