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    • OMCs likely to end FY26 on a strong note, LPG compensation to boost Q4 earnings

      HPCL will get Rs 1,980 crore, BPCL Rs 1,900 crore and IOCL Rs 3,620 core as LPG compensation in Q4, say analysts

    • OMC shares rise as Finance Ministry mulls Rs 32,000-35,000 crore fund to compensate for LPG under-recovery

      The Finance Ministry is finalizing the contours of the deal, and a Cabinet approval for the compensation could be sought soon, it is learnt.

    • Stock impact: Govt may up kerosene prices by 25p every month

    • ONGC share of Q2 under recovery on kerosene, LPG Rs 600 cr

    • Under recoveries to fall 81% in Q4; petrol profitable: IOC

    • Subsidy share: Govt may spare upstream cos if oil below $60

    • FY15 fuel sale loss may halve; ONGC unlikely to pay more

    • Why actual fuel de-control still does not exist in India

    • See 30-40% lower interest cost; H2FY15 better than H1: IOC

    • Diesel loss wiped out: What will FY15 subsidy look like?

    • Oil cos hold 35 paisa cut in diesel, 55 p hike in petrol

    • Will diesel price deregulation drive re-rating for OMCs?

    • Oil Min hints at deregulation of diesel rates

    • Want to make biz environment conducive for diesel cos: BJP

    • No diesel loss hopes push HPCL, BPCL; Goldman Sachs bullish

    • Expect to maintain full year GRMs at $4-5/bbl: IOC

    • Expect diesel deregulation to continue into 2014: ONGC

    • ONGC may bear Rs 70Kcr in under-recoveries this yr: Antique

      Some part of the benefit that upstream companies like ONGC saw because of rupee depreciation will be taken away by the government in the form of higher subsidies, says Amit Rustagi of Antique Stock Broking. So instead of Rs 60,000 crore last year, ONGC may be bearing Rs 70,000 crore under recovery this year.

    • What is the street pricing in for ONGC?

      Global crude price in FY14 started to soften and the government introduced a monthly price hike of 50 paise per litre on diesel. The combined effect was a projection of only Rs 80,000 crore as under-recovery for FY14 – a straight cut of 50% from last year. But with rupee fall now, under-recovery projection is now back to Rs 1.6 lakh crore.

    • Rise in crude, rupee fall will lead to Rs 12800cr loss: IOC

      Hit by a double whammy of rising crude prices and depreciating rupee, PK Goyal, director-finance, IOC, says the oil marketing company will face an under recovery of Rs 12800 cr for per unit rise in crude pirce and per unit fall in rupee level.

    • Petrol usage growth falls to 4.5% from 8-9% year ago: IOC

      Consumption of Petrol in the country has grown at 4.5 percent in current year as compared to 8-9 percent growth due to rising price of the fuel, says PK Goyal, Director Finance, IOC

    • Diesel hike to cut under-recovery by Rs 300cr/mth: IOC

      PK Goyal, Director Finance, IOC believes if the the under-recovery trend for diesel continues then for FY14 it will be sees at Rs 59,000 crore.

    • See upside on price hike; no message on subsidy yet: ONGC

      There may be some upside to the company's margins with the gas price hike implementation, said Aloke Kumar Banerjee of ONGC. He added that the impact would also be felt on the overall investment scenario in the oil and gas sector.

    • Will hike diesel by 50 paise/litre on July 1: BPCL's Singh

      Based on 57/USD as the exchange rate, the under recovery on diesel stands at Rs 6.30, he added.

    • Rupee depreciation may push up petrol price on June 1: BPCL

      BPCL Chairman and Managing Director RK Singh sees petrol prices to go up from June 1 due to depreciation in rupee.

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