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Petchem down; asked PNGRB to halt LPG fee revision: GAIL

BC Tripathi, chairman, GAIL explains to CNBC-TV18 that the petrochemical business was adversely impacted by glitches such as a plant shutdown and power-grid failure. Tripathi adds that the PSU is in talks with PNGRB over the reduction of LPG tariff.

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.

PNGRB has no mandate to control our marketing margins: GAIL

In a big boost to gas utility companies, the Delhi High Court ruled in IGL favour yesterday saying PNGRB did not have the authority to fix tariffs. However, this will hardly have an impact on gas transporters like GSPL and GAIL. BC Tripathi, the CMD of GAIL says transmission companies will continue to fall under the ambit of PNGRB.

Gas pooling only option to save capacity: APP

Ashok Kumar Khurana, Director General of the Association of Power Producers tells CNBC-TV18 that gas pooling is the only viable option to save gas based capacity.

Expecting Rs 2400-2500cr subsidy this year: GAIL

Since losses for the company are much higher, the chief financial officer of GAIL,PK Jain, expects the subsidy from the government to increase to Rs 2400-2500 crore for the current year.

OiI India to buy Shale Gas assets worth $200m

State-run Oil India Ltd (OIL) is looking to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions globally, T.K Ananth Kumar, the company’s director(finance) told CNBC-TV18.

FY12 subsidy to be 5-10% higher than in FY11, expects GAIL

BC Tripathi, chairman and managing director of Gail expects to maintain transmission volumes at 120 mmscmd. However, Tripathi feels that the FY12 subsidy will be 5-10% higher than in FY11. The upstream subsidy is expected to be at 33% in FY12, he added.

GAIL subsidy burden likely to be Rs 2500-2600cr

There was a bit of cloud on oil marketing companies yesterday on news that there could be rethinking on the one-third subsidy sharing formula that the government has been working with.

GSPL hopes to maintain gas transmission volume at 36 mmscmd

Manish Sheth, chief financial officer of GSPL joins CNBC-TV18 to discuss the first quarter performance of the company and show the way forward.

We don't create O&G so keep us out of subsidy scheme: GAIL

Last Friday's price increase will impact GAIL less, says the CMD, BC Tripathi. In an interview on CNBC-TV18, he says the subsidy burden will be reduced on oil marketing companies (OMCs) and to that extent on GAIL as well.

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.