Indian refiners' credit metrics to improve in 12 months: Moody's
Moody's Investors Service on Tuesday said it expects Indian refiners' credit metrics to improve over the next 12 months on decline in borrowings.
Aug 19, 2014, 20:11 PM IST
Oil marketing companies' shares gain on lower crude prices
Shares of state-owned oil marketing companies -- BPCL, HPCL and IOC -- surged up to 4 percent on Tuesday amid falling crude oil prices.
Aug 19, 2014, 18:08 PM IST
Oil marketing companies to get Rs 11K crore on subsidy in Q1
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like ONGC.
Aug 11, 2014, 12:48 PM IST
Pradhan defends oil PSUs after CAG rap
The retail price for diesel, LPG and kerosene has always been lower than cost and the difference has been met through subsidy support.
Jul 31, 2014, 17:34 PM IST
