Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Hindustan Petroleum Corporation
| ||||
Petroleum Min to seek Cabinet node on reviewing fuel rates
Posted by :
My MultibaggersTracked by: 0 Boarder
Its my favirite stock in this space. But for trading only. Investing in this space will not fetch the kind of returns one expect. Beware & all the best....
In reply to:
Petroleum Min to seek Cabinet node on reviewing fuel rates
Posted by :
kekanaje
HPCL will start making profits from coming quarter since crude price has come down steeply.Against the loss in kerosine and LPG they will get govt bonds and burden will be shared with ONGC.Therefore it is best time to enter now. 
Petroleum Min to seek Cabinet node on reviewing fuel rates
Posted by : kekanajeTracked by: 0 Boarder
HPCL will start making profits from coming quarter since crude price has come down steeply.Against the loss in kerosine and LPG they will get govt bonds and burden will be shared with ONGC.Therefore it is best time to enter now....
In reply to:
Petroleum Min to seek Cabinet node on reviewing fuel rates
Posted by : My Multibaggers
New Delhi, Nov 26 (PTI) The Petroleum Ministry will go to the Cabinet next month seeking a decision on reviewing petrol and diesel prices even though kerosene and LPG continued to be sold at a loss.
"It is true that margins on petrol and diesel have turned positive but there are still huge under recoveries on kerosene and LPG," Petroleum Secretary R S Pandey told the Economic Editors Conference here.
He said fuel retailers -- IOC, BPCL and HPCL -- were making a profit of Rs 8.17 a litre on petrol and Rs 0.65 per litre on diesel, but were losing Rs 21.54 a litre on kerosene and Rs 330.28 per LPG cylinder.
"Overall, there still are under recoveries," he said.
Besides, the three companies in the first half of the current fiscal posted a net loss of Rs 14,431 crore. They will end this year with about Rs 1,10,000 crore revenue loss on fuel sales.
"Therefore, whenever government has to take a view, all these issues will have to be considered. No decision has yet been taken, but we are going to the appropriate committee of the Cabinet within a comprehensive picture for a appropriate decision," he said.
Pandey added Petroleum Minister Murli Deora had stated that a revision in fuel prices was under consideration and a decision will be taken in due course.
"Revision does not necessarily mean a cut in prices. We will have to wait on which products a reduction will be effected, by how much and when," Pandey said.
"Government will have to take a comprehensive view... What government will decide we cannot anticipate today," Pandey added. PTI
Petroleum Min to seek Cabinet node on reviewing fuel rates
Posted by : My MultibaggersTracked by: 0 Boarder
New Delhi, Nov 26 (PTI) The Petroleum Ministry will go to the Cabinet next month seeking a decision on reviewing petrol and diesel prices even though kerosene and LPG continued to be sold at a loss.
"It is true that margins on petrol and diesel have turned positive but there are still huge under recoveries on kerosene and LPG," Petroleum Secretary R S Pandey told the Economic Editors Conference here.
He said fuel retailers -- IOC, BPCL and HPCL -- were making a profit of Rs 8.17 a litre on petrol and Rs 0.65 per litre on diesel, but were losing Rs 21.54 a litre on kerosene and Rs 330.28 per LPG cylinder.
"Overall, there still are under recoveries," he said.
Besides, the three companies in the first half of the current fiscal posted a net loss of Rs 14,431 crore. They will end this year with about Rs 1,10,000 crore revenue loss on fuel sales.
"Therefore, whenever government has to take a view, all these issues will have to be considered. No decision has yet been taken, but we are going to the appropriate committee of the Cabinet within a comprehensive picture for a appropriate decision," he said.
Pandey added Petroleum Minister Murli Deora had stated that a revision in fuel prices was under consideration and a decision will be taken in due course.
"Revision does not necessarily mean a cut in prices. We will have to wait on which products a reduction will be effected, by how much and when," Pandey said.
"Government will have to take a comprehensive view... What government will decide we cannot anticipate today," Pandey added. PTI...
Buy Hindustan Petroleum: Indiabulls Securities
Posted by :
shashirajanTracked by: 0 Boarder
This will come in profit on the back of 1. GOI Oil Bonds 2. Softening of crude prices and 3. Susidy sharing by ONGC ...
In reply to:
Buy Hindustan Petroleum: Indiabulls Securities
Posted by : MMB Messenger
Indiabulls Securities Research has upgraded its rating on Hindustan Petroleum Corporation to buy. Q2’09, Hindustan Petroleum Corporation Limited (HPCL) reported a net loss of Rs 32.2 billion.
Buy Hindustan Petroleum: Indiabulls Securities
Posted by : MMB MessengerTracked by: 0 Boarder
Indiabulls Securities Research has upgraded its rating on Hindustan Petroleum Corporation to buy. Q2’09, Hindustan Petroleum Corporation Limited (HPCL) reported a net loss of Rs 32.2 billion....
J V operation from Feb 2011
Posted by : rvk41Tracked by: 0 Boarder
Guru Gobind Singh Refineries, being commissioned at Bathinda by a HPCL-Mittal Energy joint venture (JV), is expected to be operational by February, 2011 instead of 2012.
The 9 million metric ton per annum refinery would be a zero bottoms, energy efficient, environmentally friendly, high distillate yielding complex refinery that would be producing clean fuels and 80 units of polypropylene by processing heavy and acidic crudes.
The project, which would make Bathinda one of the major petrochemical hubs in Asia, would generate adequate employment in Punjab besides, realizing massive economic and vocational synergies for the region.
The refinery would also produce high value added products such as polypropylene, food - grade hexane and solvents in addition to LPG, naphtha, petrol, diesel aviation, fuel etc
For information,with regards
rvk41...
Crude Oil Falls to 19-Month Low as IEA May Cut Demand Forecast
Posted by : My MultibaggersTracked by: 0 Boarder
By Mark Shenk
Nov. 11 (Bloomberg) -- Crude oil fell below $59 a barrel in New York for the first time since March 2007 on speculation the International Energy Agency will lower its 2009 oil-demand forecast as slowing economic growth cuts fuel consumption.
The IEA, which coordinates energy policy in 28 developed countries, will reduce the estimated growth in global demand for a third month in a report tomorrow, according to four former IEA analysts. The euro-area economy will probably contract 0.7 percent next year, Morgan Stanley said in a report.
``It all comes back to the economy and how deep folks think the recession will be,`` said Rick Mueller, director of oil markets at Energy Security Analysis Inc. in Wakefield, Massachusetts. ``Demand is poor and should get worse as the recession deepens.``
Crude oil for December delivery declined $3.32, or 5.3 percent, to $59.09 a barrel at 10:40 a.m. on the New York Mercantile Exchange. Futures touched $58.83, the lowest since March 20, 2007. Prices, which have tumbled 60 percent since reaching a record $147.27 on July 11, are down 39 percent from a year ago.
``The view of the market is very pessimistic,`` said Addison Armstrong, director of market research for Tradition Energy in Stamford, Connecticut. ``The only news I foresee that can move prices higher is a cold spell, which would boost heating oil demand, and that would have only limited impact.``
The IEA already has cut its 2008 forecast about 1.3 million barrels a day in seven revisions this year. Last week, it published a summary of its annual World Energy Outlook, slashing its 2030 projection by 9.4 percent to 106 million.
OPEC Concerns
The Organization of Petroleum Exporting Countries cited falling demand for its Oct. 24 decision to reduce production by 1.5 million barrels a day. OPEC ministers will discuss the market situation when they meet next on Dec. 17 and may agree to another supply cut then, the group`s president, Chakib Khelil, said on Nov. 8 in Algiers.
``This is a tough time for OPEC because of the demand picture,`` Mueller said. ``Every time they cut production they are building up spare capacity. There`s also a risk that they may make cuts and prices still won`t rebound.``
...
More from the Refineries Sector
Boarders tracking HPCL
see moreNews Updates on HPCL
Explore Moneycontrol
| NEWS |
| Business News |
| Management Interviews (transcripts) |
| Economic News |
| BSE&NSE Notices |
| CNBC TV18 Transcripts |
| EARNINGS |
| Pre Result Estimates |
| Results |
| Boardroom (transcripts) |
| Result Analysis (transcripts) |
| Brokerage Reports |
