Create stable, long-term investment portfolio with strong, consistent stocks.
Start Research-backed Investing ...Now.
State-owned oil firms IOC, BPCL and HPCL will continue to act as a cartel while revising petrol prices every fortnight in the free pricing regime, which looks set to kick in as early as this week.
Petrol prices were freed from government control last month, resulting in Rs 3.50 per litre rate hike in Delhi. However, the modalities of subsequent retail price adjustments -- in line with changes in raw material cost -- were left for the industry to decide. Though diesel prices were raised by an ad-hoc Rs 2 per litre, it continues to be under government control. Also, domestic LPG prices were increased by Rs 35 per 14.2-kg cylinder. Kerosene rates were hiked by Rs 3 per litre to cut the government's fuel subsidy.
Oil IOC, BPCL and HPCL are likely to revise petrol prices twice a month on the basis of fortnightly average of crude oil prices. The three companies would have a uniform rate for petrol in particular cities or locations, and it would change on the same dates. However, the companies may not announce dates of revision in advance to avoid hoarding of the fuel. Instead of changes in rates on the 1st and 16th of every month, they plan to revise prices on any day of the month.
The BJP-led NDA government had decontrolled petrol and diesel prices on April 1, 2002, and they were being revised every fortnight for nearly 21 months. The practice was stopped a few months before the general elections in May 2004, and the controls were back in place when the then UPA came to power.
crackcrack
| Company Name | CMP |
|---|---|
| Reliance Industries | 2871.00 |
| Indian Oil Corp. | 164.05 |
| BPCL | 628.45 |
| HPCL | 506.30 |
| MRPL | 209.30 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
