Oil marketing companies have come into favour ever since the government signaled its intension to switch to market-linked soon, helped by a softening of global crude oil prices.

Gas price to be next big trigger for sector: Moody's

Credit rating agency Moody's in a recent note has said that it expects credit profile of OMCs to improve over the next 12 months on the back of falling crude prices and subsidy burden.

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

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.

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.

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.

Have applied to DGFT to buy ATF directly: Vijay Mallya

In an attempt to reduce cost, Kingfisher Airlines has applied to the directorate general of foreign trade (DGFT) to import aviation turbine fuel (ATF) directly.

Platts' top 250 global energy cos list: Who gets what & why

Energy information provider Platts today came out with its top 250 global energy company rankings. Indian public sector coal major, Coal India took second rank in Platts' list.

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.

Marg plans to execute Rs 3000cr orderbook in next 2 yrs

GRK Reddy, Chairman and Managing Director of Marg, in an interview with CNBC-TV18’s Gautam Broker and Reema Tendulkar, gave his perspective of the fourth quarter performance and their divulged future plans.

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.

Recent contracts added 2.2 lakh capacity: Confidence Petro

Confidence Petroleum has won an LPG bottling contract from Hindustan Petroleum and Bharat Petroleum. In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Soniya Shenoy, Nitin Khara, Chairman and Managing Director of Confidence Petroleum says the company has added 2.2 lakh capacity from the recent contracts.