Gas Price Hike

Adani Total Gas cuts CNG, PNG prices

From Saturday, ATGL has reduced the price of CNG up to Rs 8.13 per kg and the price of PNG by up to Rs 5.06 standard cubic metres.

Natural gas prices to be marginally hiked for the first time in two years

Premium gas price will also see a revision, rising to USD 5.80 per unit from the current USD 5.30 per unit.

Diwali bonanza expected for troubled power sector today

According to sources, the Union Cabinet in a meeting is likely to discuss criticial issues relating to the power sector, such as de-nationalization of coal, pooling of coal and gas prices and as well as direction on the fate of de-allocation coal blocks.

Divestment to weigh on ONGC stock in near term: Analysts

The Sensex climbed 321.32 points or 1.23 percent to close at 26429.85 and the Nifty jumped 99.70 points or 1.28 percent to 7879.40. The broader markets rallied too with the BSE Midcap gaining over a percent.

Sensex scores triple century on govt reforms; ONGC up 5%

All sectoral indices barring IT ended higher today. BSE Auto, Capital Goods, Oil & Gas, Bank, Metal, Power and Healthcare indices gained 1-2 percent.

Govt meeting bankers to discuss share sale in ONGC: Source

New Delhi on Saturday lifted diesel price controls and raised the cost of natural gas, giving market forces greater sway as it seeks to attract energy investment, boost competition and cut subsidy costs.

Why India's fuel reforms are a big deal

The price of widely-used diesel was deregulated effective midnight of October 18, while natural gas prices will be raised to USD 5.61 per million metric British thermal unit from USD 4.20 on November 1, and revised every six months.

May re-rate oil & gas; like banks, IT: Motilal Oswal AMC

From the auto space, the fund house is betting on Hero MotoCorp.

Oil Min write to PM; gives status report on gas price hike

In the letter, the minister talks about going through proper process for fixing gas processâ€”a decision that has taken two-yearsâ€”based on the Rangarajan Committee proposals.

Urea price hike possible only after polls: India Ratings

According to the latest report by India Ratings & Research (Ind-Ra), a marginal increase in urea prices over the past 10 years and a large subsidy budget have made urea price hike inevitable.

NTPC eyes to mine 100 MT coal by FY20 from new blocks

Having bagged four coal blocks from the government last month, state-run power major NTPC today said it expects to produce nearly 100 million tonne coal over the next 5 to 6 years.

Oil minister Moily sees gas output rising by 2016-17

India last month took the unpopular step of approving a gas price rise for the first time in three years, a move which could inject much needed investment in local production.

Power, fertilizer subsidy decision rests with Finmin: Moily

Oil Minister Veerappa Moily today said the Finance Ministry will have to decide how power and fertilizer sectors will be subsidized. The government has recently doubled natural gas price to USD 8.4 per mmbtu from USD 4.2 mmbtu.

Investors hold Jet Airways; bet on RIL, BPCL: Nirmal Bang

Mehraboon Irani, Nirmal Bang Securities continues to remain bullish on oil marketing companies on the back of government's willingness to boost the sector.

See upside on price hike; no message on subsidy yet: ONGC

There may be some upside to the company's margins with the gas price hike implementation, said Aloke Kumar Banerjee of ONGC. He added that the impact would also be felt on the overall investment scenario in the oil and gas sector.

RIL better play on gas hike; shun autos, PSBs: HDFC Sec

Trading in ONGC and Oil India over gas price hike may be over for now and Reliance would be a clean bet, believes Dipen Sheth of HDFC Securities. He added that the capital flows will continue to be volatile this week.

Here's what Nirmal Bang foresees for market next week

A good monsoon and the CAD numbers will possibly lift up the market next week, said Mehraboon Irani of Nirmal Bang Securities. He told CNBC-TV18 that HDFC was his top picks among banks and Reliance in the oil and gas sector.

BSE Sensex soars 520 pts on gas price hike, global cues

The rally was broadbased, partly led by short covering, sharp recovery in rupee from its record closing low of 60.71 per dollar and Fed‘s comments on bond buying programme.

Input-output gap in gas price a worry; buy ONGC: IIFL

Prayesh Jain of IIFL believes upstream companies that are now allowed to sell gas at USD 8.4/mmbtu may not be able to transfer the burden on to power and fertiliser firms. A decision on price at which gas will be supplied to power and fertiliser firms is yet to be notified.

Nifty hits 5800, BSE Sensex up 400; Bank Nifty gains 2.5%

Equity benchmarks gained more than 2 percent Friday afternoon on strong global cues after Fed comments and gas price hike. The BSE Sensex is up 401.16 points or 2.13 percent at 19277.11, and the Nifty is up 120.60 points or 2.12 percent at 5802.95, supported majorly by financials.