Some industry observers suggest the government to liberalise natural gas sector in India in order to incentivise exploration and production by private companies. They point out that like in the US, if gas market is liberalised, it will help IndiaĂâs economy in more ways than what can be predicted. Some industry observers argue that producers will be attracted to invest in gas exploration including shale gas.
Tag: deregulation
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Moily stresses on fuel price hike
Union Oil Minister M Veerappa Moily underscored the need to raise prices of fuel in the domestic market given the huge payment for imports of crude oil into India. Speaking to reporters on the sidelines of the signing of a gas transmission agreement between GAIL (India) and Karn
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Moily stresses on fuel price hike
Union Oil Minister M Veerappa Moily underscored the need to raise prices of fuel in the domestic market given the huge payment for imports of crude oil into India. Speaking to reporters on the sidelines of the signing of a gas transmission agreement between GAIL (India) and Karn
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Morgan Stanley upgrades ratings on oil firms
Following the centre's move towards deregulating diesel prices, financial services firm Morgan Stanley upgraded the ratings on Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum (HPCL) to 'overweight' from 'equalweight'. On January 17, the central government allowed state-owned oil firms to raise prices in small measures every mon
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Moodys’ expects credit metrics of OMCs to improve
In a recent research note, Moody's Investors Service said that it views the partial de-regulation of diesel prices as a positive step for BPCL and IOC towards recovering the Rs 9.6 per litre loss they incur on the sale of diesel. Moody's Investors Service, which is a division of ratings agency Moody's, expects the credit metrics of BPCL and IOC to improve as diesel prices
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OMCs allowed to revise diesel prices marginally
At a recent Cabinet committee meeting, the central government allowed oil marketing companies (OMCs) to revise diesel prices "by a small quantity" to reflect demand-supply condition in the market. Petroleum Minister Veerappa Moily told reporters after the meeting of the Cabinet Committee on Political Affai
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OMCs raise diesel price by 45 paise
In an official statement, Indian Oil said state-run oil marketing companies (OMCs) raised the price of diesel by 45 paise excluding taxes with immediate effect. It may be noted that the government allowed these firms to revise diesel prices in small quantities periodically to reflect market realities