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May 25, 2012
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| Jaipal Reddy non-committal on rollback of petrol price hike |
| India Infoline News Service/20:03,May 25, 2012 |
| The Centre was conscious of the anger among the consumers after the petrol price announced by the national oil companies, Reddy said, but added that the decision was taken by the OMCs. |
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| BPCL Board announces 1:1 bonus issue |
| India Infoline News Service/19:57,May 25, 2012 |
| The bonus shares will be issued in the ratio of 1:1 i.e. one new equity share of Rs 10 each for every one equity share held as on a Record Date to be fixed later for this purpose. |
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| Videocon Industries Board approves demerger of oil & gas assets |
| India Infoline News Service/19:51,May 25, 2012 |
| The Company's Board of Directors has accorded its in-principle approval to the appointment of various agencies for working out detailed alternative schemes for unlocking the shareholders value. |
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| Oil & Gas Round Up - May 21 to May 25, 2012 |
| India Infoline News Service/19:38,May 25, 2012 |
| OMCs reportedly said they will raise petrol price by Rs. 6.28 per litre (excluding local sales tax or VAT). That translates into an increase of Rs. 7.54 per litre in Delhi.
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| India Infoline Weekly Newsletter - May 25, 2012 |
| India Infoline News Service/18:41,May 25, 2012 |
| Whether UPA II manages to improve its scorecard in the remaining two years of its term is anybody’s guess. Things have not exactly been rosy for the Congress-led regime, and the biggest victim of the policy paralysis has been the rupee. |
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| China January-April crude-oil imports rise 9.3% |
| India Infoline News Service/18:27,May 25, 2012 |
| China imported 350,000 tons of kerosene and exported 650,000 tons in April |
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| Statoil awards $5BN pacts for drilling off Norway |
| India Infoline News Service/18:16,May 25, 2012 |
| The scope of work, which will be carried out by KCA Deutag, Odfjell Drilling and Archer |
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| Cove Energy agrees To PTT Exploration & Production's GBP1.22 Bn bid: reports |
| India Infoline News Service/16:15,May 25, 2012 |
| PTT raised its offer to 240 pence a share, up from the 220 pence per share offer it made recently, says report.
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| MRPL hopes to complete phase-III by Oct |
| India Infoline News Service/13:25,May 25, 2012 |
| The overall project progress in phase-III expansion was 94.70% as on May 15 |
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| GAI Lsigns GSPA for purchase of gas from Turkmenistan |
| India Infoline News Service/11:37,May 25, 2012 |
| The 1680 km, 56 inch diameter pipeline will orginate at South Yolotan-Osman in Turkmenistan and will traverse 145 km in Turkmenistan |
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| Petrol price hike to benefit OMCs, increase dieselisation : CRISIL |
| India Infoline News Service/10:21,May 25, 2012 |
| Since the deregulation of petrol in June 2010, the OMCs have regularly revised the domestic prices to reflect international product price movements. |
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| Delhi HC reserves verdict on IGL-PNGRB case |
| India Infoline News Service/09:48,May 25, 2012 |
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| GAIL signs Gas Sales & Purchase agreement for purchase of gas from Turkmenistan |
| India Infoline News Service/08:48,May 25, 2012 |
| The gas source for the pipeline would be Galkynysh (formerly Osman-Yolotan) in Turkmenistan which is estimated to have gas reserves of 13-21 TCM (Best estimates of 16 TCM). |
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May 24, 2012
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| Petrol price hike...NDA calls for Bharat bandh on May 31
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| India Infoline News Service/17:50,May 24, 2012 |
| NDA convenor and JDU President Sharad Yadav asked why the hike in petrol prices was not announced when Parliament was in session and why did oil companies take the step the very next day after the budget session ended.
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| Petrol price hike just a partial relief for OMCs |
| India Infoline News Service/17:49,May 24, 2012 |
| India Infoline Research Team says trading bets can be taken on OMCs though long term investment in these stocks should be avoided. |
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| Larger issues in Indian Oil & Gas sector still unresolved: Fitch |
| India Infoline News Service/17:48,May 24, 2012 |
| This also does not change gross under-recoveries as petrol is technically a de-regulated product, and therefore losses on petrol are not added in the gross under-recoveries
eligible for government compensation. |
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| Petrol price hike will dent consumer sentiment : BluFin |
| India Infoline News Service/17:16,May 24, 2012 |
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| Partial rollback of petrol price hike likely: reports |
| India Infoline News Service/17:04,May 24, 2012 |
| A partial rollback in the petrol price hike is on the cards with the Centre realising that the hike of ~Rs 7.50 per litre was perhaps too steep. |
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| Hike in petrol prices unfortunate: PHD Chamber |
| India Infoline News Service/16:15,May 24, 2012 |
| The present move to shoot up the petrol prices by Rs.7.64 per liter may stoke inflation in the ensuing months |
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| Long awaited Petrol Price hike is sentiment Positive: Rohini Malkani |
| India Infoline News Service/14:08,May 24, 2012 |
| None-the less the price hike is sentiment positive and suggests that the government could implement measures |
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