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  • Petrol prices slashed by Rs 1.85 per litre from midnight Nov 15, 2011 06:26 PM IST

    Petrol prices slashed by Rs 1.85 per litre from midnight

    In what comes as big relief to the Indian consumer, oil marketing companies have decided to cut petrol prices by Rs 1.85 per litre, reports CNBC-TV18.

  • Will roll back price hike if govt gives directive: Oil cos Nov 04, 2011 07:00 PM IST

    Will roll back price hike if govt gives directive: Oil cos

    Facing all-round criticism for a steep hike of Rs 1.80 a litre in petrol price, state-owned oil companies today said they will roll back the increase in rate if the government gives a directive to that effect.

  • HPCL mulls petrol price hike as retail losses increase Nov 01, 2011 06:26 PM IST

    HPCL mulls petrol price hike as retail losses increase

    State-run Hindustan Petroleum Corp (HPCL) is considering a further increase in petrol prices as it struggles to cut down on retailing losses.

  • Calculation of under-recoveries is transparent, says IOC Oct 21, 2011 06:43 PM IST

    Calculation of under-recoveries is transparent, says IOC

    Even though there is a growing sense that OMCs use a non-transparent formula to calculate under-recoveries, PK Goyal, director of finance at IOC strongly disagrees to these statements.

  • State-run OMCs' borrowings up 24% to Rs 120,000 cr in FY'12 Sep 15, 2011 04:21 PM IST

    State-run OMCs' borrowings up 24% to Rs 120,000 cr in FY'12

    State-owned oil marketing companies are virtually living off borrowed money as their losses on auto and cooking fuel sales have forced them to take loans to meet even day-to-day expenses.

  • BPCL net loss at Rs 2562cr, no clarity on subsidy-sharing Aug 12, 2011 04:34 PM IST

    BPCL net loss at Rs 2562cr, no clarity on subsidy-sharing

    BPCL posted a net loss of Rs 2562 crore in the first quarter of this fiscal against a loss of Rs 1700 crore in the previous year. SK Joshi, director of finance at BPCL tells CNBC-TV18 in an exclusive interview that the dark cloud over companies such as his refuse to clear out. “There is still no clarity on subsidy sharing,” he rues.

  • Over Rs 78,000cr under-recoveries on oil companies Aug 08, 2011 04:39 PM IST

    Over Rs 78,000cr under-recoveries on oil companies

    State oil firms suffered a loss of over Rs 78,000 crore in 2010-11 fiscal on selling petrol, diesel and domestic LPG at government controlled rates even as the nation's oil import bill spiralled three fold.

  • We don't create O&G so keep us out of subsidy scheme: GAIL Jun 27, 2011 04:59 PM IST

    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.

  • Is there credit growth at all? Jun 27, 2011 01:52 PM IST

    Is there credit growth at all?

    A close look at the latest figures put out by the Reserve Bank of India (RBI) shows that credit growth was largely due to borrowing by the oil marketing companies (OMCs). If this borrowing comes down, credit growth can even become negative.

  • Price hike won't impact oil marketing cos: SP Tulsian Jun 24, 2011 10:08 PM IST

    Price hike won't impact oil marketing cos: SP Tulsian

    Although the government has raised diesel prices by Rs 3 per litre and LPG rates have been raised by Rs 15 per cylinder, SP Tulsian, sptulsian.com says, the price hike won’t affect oil marketing companies (OMCs).

  • Oil marketing companies, suddenly everyone's favourite Jun 24, 2011 11:39 AM IST

    Oil marketing companies, suddenly everyone's favourite

    TS Harihar, derivatives analyst at ICICI Securities tells CNBC-TV18 that the irrespective of what happens as an outcome of the EGoM, oil marketing companies (OMCs) appear to be in a sweet spot now.

  • Montek warns on failure to pass high energy prices to users Jun 14, 2011 04:26 PM IST

    Montek warns on failure to pass high energy prices to users

    Planning Commission Deputy Chairman Montek Singh Ahluwalia today cautioned that failure to pass on the energy prices to consumers will "effectively kill the energy sector".

  • Energy cos best safe havens for investors: Geosphere Cap Jun 02, 2011 09:15 AM IST

    Energy cos best safe havens for investors: Geosphere Cap

    According to Arvind Sanger, the Indian market will now fear a global slowdown as he sees equity markets world-over to remain under pressure. He expects the Nifty to be range-bound between 5,200 and 5,600.

  • Banks, cap goods may give market 70-80 point fillip: Baliga Jun 01, 2011 09:39 AM IST

    Banks, cap goods may give market 70-80 point fillip: Baliga

    Ambareesh Baliga, COO, Way2Wealth, tells CNBC-TV18 that the market is likely to continue to rally another 70-80 points.

  • Government mulls duty cuts in crude May 18, 2011 09:17 PM IST

    Government mulls duty cuts in crude

    A CNBC-TV18 exclusive reveals that the finance ministry is finally ready to bite the bullet and is considering duty cuts on crude and fuel products. A new subsidy-sharing formula may also be unveiled.

  • PN Vijay`s view on Oil marketing companies May 18, 2011 05:30 PM IST

    PN Vijay`s view on Oil marketing companies

    PN Vijay, Portfolio Manager, www.askpnvijay.com view on oil marketing companies.

  • IOC, HPCL, BPCL slip despite petrol price hike May 18, 2011 02:56 PM IST

    IOC, HPCL, BPCL slip despite petrol price hike

    The oil marketing companies were reeling under pressure despit petrol price hike of Rs 5 per litre. Lack of clarity on subsidy and huge losses on diesal and cooking gas is making the investors and traders jittery.

  • Experts see ad-hocism in oil subsidy sharing to continue May 18, 2011 11:23 AM IST

    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.

  • Stickiness lingers but chances of pullback exist: Udayan May 18, 2011 09:22 AM IST

    Stickiness lingers but chances of pullback exist: Udayan

    CNBC-TV18's managing editor Udayan Mukherjee finds that it has been a couple of bad days to start off this week. He adds, "We have gone below the 5,450 levels on the Nifty as well so things have not shaped up very well."

  • Oil marketing cos look cheap: Antique Stock Broking May 17, 2011 12:39 PM IST

    Oil marketing cos look cheap: Antique Stock Broking

    On valuation basis Oil marketing companies may remain cheap for some more time, says Amit Rustagi, Oil & Gas Analyst, Antique Stock Broking.

  • See Nifty in range of 5450-5600 for few days: Deven Choksey May 17, 2011 11:54 AM IST

    See Nifty in range of 5450-5600 for few days: Deven Choksey

    Deven Choksey, MD, KR Choksey Shares and Securities Private Ltd in an interview on CNBC-TV18 spoke about his reading of the market. He also gave his views on specific stocks and sectors and how he sees them playing out going forward. He spoke about Glenmark Pharmaceuticals, Oil Marketing Companies (OMCs) and L&T.

  • OMC's earnings will take a drubbing: Kotak Inst Equities May 16, 2011 11:36 AM IST

    OMC's earnings will take a drubbing: Kotak Inst Equities

    Sandeep Bhatia of Kotak Institutional Equities tells CNBC-TV18 that the price increase is a welcome move. "There is a long way to go in correcting the retail fuel prices whether it is diesel, petrol or cooking fuels. We will have to see in the next one month what kind of action this government takes."

  • Market to wade through testing waters this week: Udayan May 16, 2011 09:21 AM IST

    Market to wade through testing waters this week: Udayan

    "The weekend was quite important. We had a big petrol price hike which the market will react too. Today, we have inflation numbers as well and the two are tied in. A lot of important results like JP Associates and Suzlon are on the cards today as well," says CNBC-TV18's managing editor Udayan Mukherjee.

  • See diesel price hike of Rs 2, inflation to go up: Tulsian May 16, 2011 08:53 AM IST

    See diesel price hike of Rs 2, inflation to go up: Tulsian

    Petrol prices have gone up by a record Rs 5. SP Tulsian of sptulsian.com speaks to CNBC-TV18 on what this could mean in terms of the markets.

  • Trade in OMCs, says Deven Choksey May 13, 2011 12:00 PM IST

    Trade in OMCs, says Deven Choksey

    One can take trading position in oil marketing companies (OMCs), says Deven Choksey, MD, KR Choksey Shares & Securities.

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