Subsidy Sharing Mechanism

There will be no subsidy burden on ONGC till crude oil is at or below USD 60 per barrel. ONGC will have to pay 85 percent of incremental price above USD 60/ bbl as subsidy if crude is between USD 60-100 per barrel.

ONGC divestment likely in November-end: Sources

The government is also likely to provide clarity on the subsidy sharing mechanism prior to the roadshows.

High subsidy may impact profitability for ONGC: New chief

Sudhir Vasudeva, the new chairman of ONGC, joins CNBC-TV18 to opine on the way ahead for his company and the sector. He says that he is concerned about high subsidy hitting the company’s profitability.

ONGC to file RHP for Rs 12000 crore FPO with SEBI today

State-owned Oil and Natural Gas Corp (ONGC) will file papers for its much-delayed Rs 12,000 crore share sale with market regulator SEBI today.

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.

Without clarity on pricing, oil will stay a slippery space

Nipun Sharma, Research Analyst, Mirae Asset Mgmt tells CNBC-TV18 that unless the government reduces loses in the sector and provides a reliable subsidy sharing mechanism, investor interest is going to be hard to come by in the oil and gas space.

ONGC may see 8% impact on burden increase: Antique Broking

Amit Rustagi, Oil & Gas Analyst from Antique Stock Broking, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, shared his views on whether the government should have a re-look on the subsidy sharing mechanism and will it impact most of the oil manufacturing companies (OMCs).