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Crude price increases: Has the storm settled for OMCs?
Jun 26:
Is the storm created by the crude oil price hike subsiding as far as oil marketing companies are concerned?
8With OPEC hiking production to keep prices stable, and with the government remaining firm on retail price increases, the fear of a return to the old subsidy based regime has retreated for now
8Does that mean the oil marketing companies are back as favourites for anaysts?
8The general consensus is that if prices go up, the axe will fall on ONGC and OIL and the OMCs will be spared a hair cut
Click on Reports to know more on which way this debate is going.
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8With OPEC hiking production to keep prices stable, and with the government remaining firm on retail price increases, the fear of a return to the old subsidy based regime has retreated for now
8Does that mean the oil marketing companies are back as favourites for anaysts?
8The general consensus is that if prices go up, the axe will fall on ONGC and OIL and the OMCs will be spared a hair cut
Click on Reports to know more on which way this debate is going.
