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Diesel, LPG prices set to rise again

Time opportune before state polls as inflation seen moderating. The petroleum ministry is pushing for another hike in diesel and domestic LPG prices and an empowered group of ministers (EGoM)…

November 4, 2011 / No Comment / Read More

Falling rupee to raise burden to Rs 70k cr

The government is set to release a part of the oil subsidy bill to the oil marketing companies (OMCs) while presenting the revised estimates for 2011-12 in the winter session…

October 25, 2011 / No Comment / Read More

State-run oil marketing firms losing Rs 271 cr a day

State-run oil marketing companies — IndianOil, Bharat Petroleum and Hindustan Petroleum — are incurring a daily loss of Rs 271 crore. These firms are expected to incur an under-recovery of…

October 11, 2011 / No Comment / Read More

Regulator to avert ‘irrational bids’ in 4th round

A string of irrational bids it received during the third round of bidding for city gas distribution has led the Petroleum and Natural Gas Regulatory Board (PNGRB) to avert its…

October 5, 2011 / No Comment / Read More

Oil bonds to offer OMCs less value as yields move up

Even though the government has shifted from bonds to cash in compensating the losses of oil marketers, the oil companies will have to forego around Rs 6,000 crore if they…

October 4, 2011 / No Comment / Read More

Oil market well supplied, EU debt worry: Qatar

DOHA: The global oil market is well supplied but European debt problems are a big concern for producers, Qatar Energy Minister Mohammed Saleh al-Sada said on Sunday. “Supply is at a…

September 25, 2011 / No Comment / Read More
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