Oil imports are a third of India's total import bill.
#GiveItUp but no matching LPG connections for BPL
Govt diverts Rs 253-crore subsidy savings to the poor.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
ONGC is raising debt for a spate of acquisitions over the past year
The latest round of petrol and diesel price increase, on Thursday, met with opposition from many corners.
Analysts are enthused by BPCL's upstream foray and have re-rated the stock in the past couple of years.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
I admire Kejriwal's intelligence but pity the fact that he had to use all the ingenuity and scheming to achieve his revenue enhancement goal, says Sudhir Bisht.
Many believe that marketing budgets could be a hurdle.
The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month and there was possibility of another round of cuts this weekend.
IDS-2 and raids to uncover black money stash keep receipts flowing
The companies' underrecoveries stood at a whopping Rs 1,39,869 crore last financial year. Of that, Rs 62,837 crore was accounted for by diesel alone.
These refineries, commissioned mostly in the 1950s and 1960s during India's early industrialisation push, are inefficient and costly to maintain compared to their modern counterparts on the coast mainly operated by private companies.
The National Democratic Alliance government is weeding out independent directors on the boards of public-sector undertakings (PSUs).
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Investment can only be by prospective dealers.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
Why Dalit leaders cross over to the BJP
The broader markets also ended lower in line with the benchmark indices
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
In Maharashtra, the oil industry had tenancy protection till 1999.
NDA's energy plan powered UP win, but it's not a winner yet. Centre has claimed to have saved money by targeted coverage but critics say the system is not yet foolproof.
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
In first half of year, firms raise more than banks on low US treasury rates.
The report, 'Road Ahead Clears Up for Oil PSUs', says the decline in underrecoveries, or losses oil-marketing companies incur on selling petroleum products below market price, will have a significant positive impact on both upstream and downstream public-sector oil companies.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
India Inc will report good set of numbers in Q4.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
Reason behind for the change in his stance: gas price increase.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
The staggered increase in kerosene rate may not have the same impact of freeing up the fuel price as for diesel.
Moving from pricing control to a free market means stiff competition.
Oil Minister M Veerappa Moily has suggested pricking the ballooning oil bill with everything from a street theatre campaign encouraging lower fuel use, to shutting fuel stations, to increasing imports from Iran.
India Inc did not perform well during December quarter.
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