INSUBCONTINENT EXCLUSIVE:
knowledge of the situation.
Investors and fund managers that met with Indian government officials during a United States roadshow last
the people, who asked not to be identified as the discussions were private.
The tepid response may further set back Prime Minister Narendra
His government has only been able to pull in about 92 billion rupees as of July 5
while the benchmark index gained about 0.3 percent as of 10:39 a.m
Research analysts said in an Aug
crude prices.
When fuel prices were set by the government, the explorer would share a portion of the subsidy burden by selling crude to
refiners at a discount to compensate them partially for the loss in revenue
ONGC along with Oil India Ltd
That ended when the government freed up retail prices of gasoline in 2010, followed by diesel in 2014.
The government still continues to
control prices of kerosene and liquefied petroleum gas
led by Somshankar Sinha said in a note last month.
The pattern of price changes by state-run refiners have also led to speculations that
they may be influenced by political issues
Two other government-owned companies Indian Oil Corp
own about a combined 10 percent stake in ONGC
The government last sold a 5 percent stake in the company in 2012, most of which was bought by Life Insurance Corp
after interest from other buyers failed to materialize.
