Speaking to CNBC-TV18, RK Singh, CMD of BPCL says the hike will be enough to recover only current losses not the ones made in the past. "We hope the company will be allowed to adjust price every fortnight," he says.

It's time for govt to hike fuel prices, says BPCL CMD

Bharat Petroleum is looking to hike petrol prices soon, the company's chairman and managing director R.K Singh told CNBC-TV18.

Have no intention to sell Rovuma stake: BPCL

Last week, Shell bid more than half a billion dollars for Cove Energy. Bharat Petroleum owns minority stake in the Rovuma license. RK Singh, chairman and managing director of BPCL says, the company has no intention to sell it off.

No plans to sell Mozambique asset now: Videocon

Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy. Venugopal Dhoot, chairman and managing director of Videocon says, the company doesn’t have any plan to sell this Mozambique asset at such a low price.

Expect Q4 GRMs to be similar to Q3: BPCL

BPCL has announced its third quarter results. The company’s Q3 gross refining margins are at USD 3.48 per barrel. S Varadarajan, director - finance of BPCL expects GRMs to be similar in Q4.

OMCs aiding airlines in ATF import unreasonable: BPCL

Although it might spell some good news for the airline industry, it is definitely adding pressure to the OMCs as the EGoM approved importing of ATF.

BPCL in no hurry to raise petrol price, says CMD

High interest cost, a weak rupee and under-recoveries on sale of petroleum products has become a big cause of concern for state run oil retailer Bharat Petroleum Corporation (BPCL)

Expect petrol price revision on fortnightly basis: BPCL

S Varadarajan, director-finance of BPCL denies any political pressure in the petrol price cuts. Speaking to CNBC-TV18, he says that from hereon, petrol prices can be expected to be revised regularly on a fortnightly-basis.

Q2 under recovery at Rs 5200cr says BPCL

There has been apprehension about oil companies due to concerns related to subsidy sharing ratio. S Varadarajan, director finance, BPCL in an interview to CNBC-TV18 informed that BPCL’s under recovery for Q2 would be around Rs 5,200 crore.

BPCL net loss at Rs 2562cr, no clarity on subsidy-sharing

BPCL posted a net loss of Rs 2562 crore in the first quarter of this fiscal against a loss of Rs 1700 crore in the previous year. SK Joshi, director of finance at BPCL tells CNBC-TV18 in an exclusive interview that the dark cloud over companies such as his refuse to clear out. “There is still no clarity on subsidy sharing,” he rues.

OMCs take up automation of petrol stations

Frayed tempers and altercations over short measurement at petrol pumps may soon become a thing of past with public sector oil marketing companies taking up automation of the fuel dispensers.

Govt's move will reduce liquidity strain on co: BPCL

On Friday, the Empowered Group of Ministers on fuel raised diesel prices by Rs 3 per litre. In an interview with CNBC-TV18, SK Joshi, Director of Finance, BPCL said the immediate impact of the measures taken by government on Friday will reduce our liquidity strain.

Oil marketing co's under-recoveries at Rs 460cr a day: IOC

No longer able to withstand high crude prices, Chairman RS Butola, in an exclusive on CNBC-TV18 said that while prices were expected to fall, they haven't, which has led them to increase prices.

Awaiting govt policy to tackle under-recoveries: BPCL

S Varadarajan, executive director (Finance) of BPCL, in an exclusive interview with CNCB-TV 18's Gautam Broker and Latha Venkatesh, gave his perspective on the fourth quarter numbers and the road ahead.

RS Sharma warns subsidy burden may dampen market mood

RS Sharma, former chairman of ONGC, in an exclusive interview CNBC-TV-18's Udayan Mukherjee and Mitali Mukherjee, said that the downstream fuel retailers are under a lot of stress. “The higher upstream subsidy burden will not be well received by the market,” he added.

Experts see ad-hocism in oil subsidy sharing to continue

In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, RS Sharma, former chairman of ONGC and Kirit Parikh, member of Planning Commission, said that the government has never clarified on the subsidy sharing mechanism for upstream companies and higher upstream burden will not be received well by the market.

Ad hoc nature of subsidies should be eliminated: RS Sharma

The government has closed its oil subsidy account for fiscal year 2011 by giving state-owned oil marketing companies an additional subsidy of Rs 20,000 crore.

Losing Re 1/L on petrol despite price hike: BPCL

SK Joshi, director (Finance), BPCL said that even after the hike in petrol prices BPCL is still incurring Rs 1 per litre under recovery on it.