Nov 15, 2011 06:26 PM IST
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.
- Nov 04, 2011 07:00 PM IST
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.
- Nov 01, 2011 06:26 PM IST
State-run Hindustan Petroleum Corp (HPCL) is considering a further increase in petrol prices as it struggles to cut down on retailing losses.
- Oct 21, 2011 06:43 PM IST
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.
- Sep 15, 2011 04:21 PM IST
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.
- Aug 12, 2011 04:34 PM IST
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.
- Aug 08, 2011 04:39 PM IST
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.
- Jun 27, 2011 04:59 PM IST
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.
- Jun 27, 2011 01:52 PM IST
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.
- Jun 24, 2011 10:08 PM IST
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).
- Jun 24, 2011 11:39 AM IST
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.
- Jun 14, 2011 04:26 PM IST
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".
- Jun 02, 2011 09:15 AM IST
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.
- Jun 01, 2011 09:39 AM IST
Ambareesh Baliga, COO, Way2Wealth, tells CNBC-TV18 that the market is likely to continue to rally another 70-80 points.
- May 18, 2011 09:17 PM IST
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.
- May 18, 2011 05:30 PM IST
PN Vijay, Portfolio Manager, www.askpnvijay.com view on oil marketing companies.
- May 18, 2011 02:56 PM IST
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.
- May 18, 2011 11:23 AM IST
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.
- May 18, 2011 09:22 AM IST
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."
- May 17, 2011 12:39 PM IST
On valuation basis Oil marketing companies may remain cheap for some more time, says Amit Rustagi, Oil & Gas Analyst, Antique Stock Broking.
- May 17, 2011 11:54 AM IST
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.
- May 16, 2011 11:36 AM IST
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."
- May 16, 2011 09:21 AM IST
"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.
- May 16, 2011 08:53 AM IST
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.
- May 13, 2011 12:00 PM IST
One can take trading position in oil marketing companies (OMCs), says Deven Choksey, MD, KR Choksey Shares & Securities.