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FM should not rob oil companies to show a lower deficit
The finance ministry's efforts to force export parity pricing down oil companies throats is a short-cut to a lower fiscal deficit that will damage balance-sheets unnecessarily #ONGC #GAIL #Subsidies #OMCs #Diesel Subsidies #Finmin
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Cheers again! Petrol to get cheaper by Re 1 from midnight
The last petrol price cut was on 2 April by 85 paise. #Numbers #Petrol #OMCs
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Additional oil subsidy done in view of difficult situation: FM
The government today justified its proposal for additional oil subsidy of Rs 28,500 crore, saying it was being done in view of "difficult situation" as members in the Lok Sabha attacked the move. #P. Chidambaram #Oil subsidies #TheySaidIt #OMC
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Govt misses fuel decontrol bus (if it had intended to board one)
Even if the oil prices fall to $90 levels with key economies like China and India slowing down, do not expect a change in the prices of diesel. #HowThisWorks #Petrol #Diesel #OMC
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Oil cos' profits are largely fiction: It's done with mirrors
Both the government and the oil companies are presenting accounts that bear little resemblance to reality. #Corporate governance #Oil subsidies #IOC #BPCL #HPCL #OMCs #Cooking The Books
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Oil firms togetherness on pricing a concern for CCI
Are oil marketing companies acting in concert on prices to deny consumers a little benefit they could enjoy from a competitive environment? #oil #Petroleum #Hindustan Petroleum #OMC #ToWhatEffeect
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When will Pranab stop the loot of oil companies?
The aam taxpayer's resources and the aam investor's wealth are being eroded in the name of subsidising the aam aadmi's petro-goods #Corporate governance #coal india #ONGC #Oil subsidies #OMCs
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IOC wants Rs 8 per litre petrol price hike, or a duty cut
Indian Oil, India's largest oil marketing company, says the government should either raise petrol prices or cut duties to prevent losses. #Indian Oil #Subsidies #Petrol Prices #OMCs #WhatTheySaid
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Don't think Reliance can help out airlines: BPCL
Airlines will not save any money by directly importing ATF and might even end up incurring more costs than they do now, said RK Singh, chairman and managing director, BPCL. #Aviation #WhoSaidWhat #RIL #BPCL #OMCs #ATF
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Oil cos are bleeding Rs 16 cr an hr; here's a simple reform idea
For the first time in many years, the government will be passing out more subsidies to oil companies than what it gets by way of taxes from them. This is an opportunity for reform. #InMyOpinion #Subsidy #LPG #Diesel #Kerosene #OMCs