Trading with PT style
- Thread starter praveen taneja
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NEW DELHI: The Government may, from next week, find it easier to decontrol petrol and diesel prices as softening global rates would require fuel costs to be raised by just Rs 3.50 a litre for the purpose.
An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, is scheduled to meet on June 7 to consider a Kirit Parikh Committee report that calls for the freeing of petrol and diesel prices from governmental control, besides steep hikes in LPG and kerosene rates to cut fuel subsidy.
"Earlier, there were doubts if the government would actually free auto fuel prices -- particularly that of diesel -- as the hike required to make them at par with international rates was over Rs 6 per litre. But the fall in global oil prices has made the task easier," an Oil Ministry official said.
The EGoM will have to raise the price of petrol by Rs 3.35 per litre and that of diesel by Rs 3.49 a litre to free them from government control.
Petrol in Delhi currently costs Rs 47.93 a litre, while diesel is priced at Rs 38.10.
International crude oil prices have shaved off over USD 10 per barrel to bring them down to USD 72-74 a barrel.
"The hike needed to free auto fuel prices till last week was Rs 6.07 a litre in petrol and Rs 6.38 a litre in diesel. Raising prices, particularly that of diesel by such an amount in one go, was considered politically difficult," he said.
An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, is scheduled to meet on June 7 to consider a Kirit Parikh Committee report that calls for the freeing of petrol and diesel prices from governmental control, besides steep hikes in LPG and kerosene rates to cut fuel subsidy.
"Earlier, there were doubts if the government would actually free auto fuel prices -- particularly that of diesel -- as the hike required to make them at par with international rates was over Rs 6 per litre. But the fall in global oil prices has made the task easier," an Oil Ministry official said.
The EGoM will have to raise the price of petrol by Rs 3.35 per litre and that of diesel by Rs 3.49 a litre to free them from government control.
Petrol in Delhi currently costs Rs 47.93 a litre, while diesel is priced at Rs 38.10.
International crude oil prices have shaved off over USD 10 per barrel to bring them down to USD 72-74 a barrel.
"The hike needed to free auto fuel prices till last week was Rs 6.07 a litre in petrol and Rs 6.38 a litre in diesel. Raising prices, particularly that of diesel by such an amount in one go, was considered politically difficult," he said.
FII trading activity on NSE and BSE on Capital Market Segment
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 03-Jun-2010.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 03-Jun-2010 2109.86 1703.64 406.22
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 03-Jun-2010.
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 03-Jun-2010 1103.05 1024.04 79.01
Daal mein kala hai ya Daal hi kaali hai/???????
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 03-Jun-2010.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII 03-Jun-2010 2109.86 1703.64 406.22
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment
The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 03-Jun-2010.
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 03-Jun-2010 1103.05 1024.04 79.01
Daal mein kala hai ya Daal hi kaali hai/???????
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