Kerosene Prices

The government is likely to give a nod to hike kerosene prices by 0.25 paise a litre per month till April 2017. If this comes through then the upstream oil companies like ONGC, Oil India will benefit.

Kerosene rates to rise 17 paise a litre

Commission paid to wholesale dealers, who are given licence under Form XV, has been raised from Rs 536.09 per kilolitre (KL) to Rs 714.18 per kl, an increase of Rs 178.09 per kl or Rs 0.17 per litre.

CRISIL revises WPI-inflation forecast for 2012-13 to 8%

CRISIL Research has come out with its report July 2012 inflation data. According to the research firm, if diesel, LPG and kerosene prices are fully aligned to the global prices in a single revision, WPI Inflation will shoot up by 3.4 percentage points over and above the current level.

BSE Sensex rises on fuel hike hopes, ONGC surges

The BSE Sensex rose 1.8% on Thursday, its biggest single day gain since March 30, after the steep hike in petrol prices sparked hopes of similar hikes in other fuels, pushing up energy stocks such as ONGC.

Fuel hike may not address concerns over OMC credit profile

The government decision to hike diesel, domestic cooking gas and kerosene prices and cut customs and excise duty will not be adequate to alleviate concerns over the credit profile of state-owned retailers, credit ratings agency ICRA said today.