Ajay Modi / New Delhi April 13, 2009, 1:08 IST

The battle between private oil companies and government oil marketing companies (OMCs) over petroleum product pricing is set to intensify.

The Appellate Tribunal for Electricity (APTEL) has admitted the OMCs

Business Standard / New Delhi October 21, 2008, 0:18 IST

Sujay Mehdudia

NEW DELHI: The stern warning issued by Petroleum Secretary R.S. Pande to the oil marketing companies (OMCs) has paid off. The waiting list for new LPG connections has been reduced by almost 50 per cent and the oil companies have given an assurance that the remaining would be wiped out by the end of this month. The issues came up during a review of the petro products position carried out by Mr. Pande at his office on Tuesday.

The second review comes on the heels of an oil industry meeting chaired by Petroleum and Natural Gas Minister Murli Deora last month.

The government is unlikely to give in to the demand made by the Samajwadi party

Royal Dutch Shell has sought to calm concerns about diminishing oil reserves and access to new supplies, arguing that its existing resource base will provide 55 years of production at current production levels. "We still have a lot of legacy [positions] from the past,'' said Jeroen van der Veer, Shell's chief executive, in an interview with the Financial Times.