Nov 05, 2013 06:18 PM IST
The RBI opened a forex swap window in August to meet the entire daily dollar requirements of three oil marketing companies as the rupee depreciated to an all-time low of 68.85 against the US currency.
- Oct 28, 2013 09:20 PM IST
Experts believe that government must implement the recommendations of a one-time hike in diesel prices. However, they are skeptical of it as the elections are round the corner.
- Oct 18, 2013 04:55 PM IST
The RBI had opened a special window to provide dollars directly to oil companies since late August in a bid to shore up a battered rupee.
- Oct 17, 2013 06:59 PM IST
Sources in OMCs have confirmed that there is a cushion of almost Re 1 per litre, and that the decision of refraining from passing on the benefit was taken in light of the upcoming assembly elections in five states.
- Oct 04, 2013 05:56 PM IST
The USDINR pair is moving gradually towards its fair value and we see USDINR in a band of 60.50-63.50 in the short-term. However, it would be difficult for the pair to trade sub 60 in the absence of any significant domestic policy reforms. See the USDINR ending the December quarter at 64.00 handle against the US dollar, says Nirmal Bang.
- Oct 02, 2013 03:37 PM IST
"Consumers will be able to see the service ratings of all the distributors in their cluster and choose the one they want based on service levels," the statement said.
- Sep 25, 2013 12:41 PM IST
Moily said that the dual-pricing of diesel is not worrying. "At present the state transport undertakings (STU) are purchasing diesel at market real prices without any subsidy," he said in an interview to CNBC-TV18.
- Sep 23, 2013 08:59 AM IST
The mention of a stable nominal anchor both in the policy statement and in the terms of reference of the Urjit Patel committee on monetary policy framework attests to that. Having a stable nominal anchor i.e. a price stability objective would help RBI avoid the classic time inconsistency problem.
- Sep 12, 2013 11:29 AM IST
Ambareesh Baliga of Edelweiss Financial Services recommends buying Hindustan Petroleum Corporation (HPCL) at around Rs 190 as one may see a decent rally over the next few days in the oil sector.
- Aug 31, 2013 07:09 PM IST
Petrol price was today hiked by a steep Rs 2.35 per litre, the sixth increase in rates in three months, and diesel by 50 paise per litre on falling rupee and firming international oil prices.
- Aug 28, 2013 04:59 PM IST
In an interview to CNBC-TV18, Nitin Tiwari of Religare Capital Markets spoke about rising price of crude and its impact on oil marketing companies (OMCs).
- Aug 27, 2013 05:29 PM IST
Sources in the oil ministry reveal that it may be considering a one-time hike in prices of diesel by Rs 5 to ease the under-recovery burden of oil marketing companies (OMCs).
- Aug 22, 2013 06:42 PM IST
The Competition Commission of India (CCI) may complete its probe into alleged cartelisation by oil marketing companies in deciding petrol prices by early October, Parliament was informed today.
- Aug 22, 2013 01:41 PM IST
Bharat Petroleum Corporation (BPCL) is a top pick in oil marketing companies, says Jal Irani, Managing Director -Oil & Gas Research of Macquarie Group.
- Jul 30, 2013 03:52 PM IST
Shares in oil marketing companies extended losses on Tuesday after the rupee slipped below the 60 to the dollar mark.
- Jul 23, 2013 07:05 PM IST
After the finance minister, now the comptroller and auditor general wants the oil marketing companies to switch over to export parity pricing of petro products, reports CNBC-TV18‘s Nayantara Rai.
- Jul 16, 2013 03:37 PM IST
Oil ministry has sought Rs 11,451 crores ($1.91 billion) cash subsidy from the finance ministry to partly offset the revenue losses of state retailers for selling fuel at below-market prices in April-June.
- Jul 09, 2013 01:17 PM IST
One can buy oil marketing companies stocks if the government passes through the cost to the public, says Ajay Srivastava, CEO at Dimensions Consulting.
- Jul 02, 2013 03:43 PM IST
As the prices of sensitive products are regulated, the Rupee selling prices of these remain either unchanged or increase marginally, thereby increasing the gross under-recovery burden of OMCs. Weakening rupee reverses under-recovery gains for OMCs says ICRA in the study.
- Jun 21, 2013 11:43 AM IST
The rupee is currently trading at Rs 59.95 against the dollar
A one rupee movement against the greenback increased under-recoveries by around Rs 9,000 crore for oil companies last month.
- Jun 15, 2013 04:38 PM IST
Dipan Mehta, Member, BSE & NSE says one should completely avoid oil public sector undertakings (PSUs) for portfolio.
- Jun 12, 2013 04:23 PM IST
Tirthankar Patnaik, EVP - Institutional Sales of Religare Capital says he is negative on Bharti Airtel due to weakness in rupee. "Bharti has USD 10 billion debt which is not fully hedged," he adds.
- Jun 03, 2013 04:57 PM IST
Ajay Srivastava, CEO of Dimensions Consulting advised buying oil marketing companies as these stocks could be almost doubled in next one or two years.
- May 23, 2013 04:05 PM IST
Ambareesh Baliga of Edelweiss Financial Services feels oil marketing companies are in a multi year bull run. He advised buying these companies.
- May 22, 2013 05:47 PM IST
Finance Ministry has approved Rs 45,000 crore for January-March oil subsidy. Meanwhile, export parity pricing, although agreed upon by oil ministry will atleast take three months to be implemented.