It used to be that you’d pay long distance rates depending on where you called, and you’d pay more to call those locations.
If they can get businesses with a lot of incoming calls, like conference calling companies, they could make a lot of money.
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In India there are 3 big Oil Marketing Companies (OMCs): Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation Limited   (HPCL), and Bharat Petroleum Corporation Limited (BPCL). In addition to pure marketing, these companies also refine and market oil that they buy from upstream oil exploration and production companies including from ONGC, Oil India, Reliance Industries, Cairn India etc. OMC revenues will improve if oil price continues to fall as this results in (i) reduction in their purchase price (of crude oil) (ii) improves refining margins i.e. OMCs are not free to decide their selling price but instead they are compelled to sell the products (petrol, diesel etc) at discounted rates. Note: Much is made about under recoveries for OMCs both in terms of government losses and how it is good for stock prices of OMCs. Problem – Any excess consumption of petrol and diesel is ultimately detrimental to the environment.
In order to create their brand awareness and to intensify their sales, oil marketing companies launch a host of sales promotional schemes like discounts, loyalty programs and media commercials. Comparative Financial Performance of Indian Oil Marketing Companies (FY 2015) Figures in Rs.
There is no game here, Its much ado about nothing – Stock price of OMCs are inversely related to crude oil prices and will always move in line with crude oil prices.
If at all they fall below or rise above that range, it may well be on account of ‘market perception’ and ‘economic environment’. Falling crude oil prices have benefitted the Indian OMCs as their borrowings have declined 36 % from Rs 1, 38,749 Cr. You May Also Like:Crude Oil Wars – How India could benefit from OPECs high supply policy?Should You Start Buying Oil Stocks? Deregulation in this sector is interesting phenomenon & shows how government seeks to resolve a problem. In the past decade or so, with the onset of cellphones and flat-rate long distance plans, the phone companies just assumed that only a small percentage of people would actually call those numbers. Credit card companies make a ton by charging fees for all types of different slip-ups made by us cardholders. The last one on the list, finance charges, refers to the money credit card companies make by charging you interest on your purchases. If the APR on your credit card is 20%, and the associated balance is $5,000, they’d rake in $1,000 annually (using simple math). Our mission is to work with you to realize and achieve it with the latest web and mobile technologies and best engineering practices available.


The truth is that post deregulation, OMCs are now incurring under recoveries only on the sale of, PDS kerosene and domestic LPG. All this is meant to fight each other and to earn a higher market share than their competitor (there are only 3 players in the space, each Government owned!).
He has covered Indian markets for over a decade and is regarded for consistently identifying early stage investment opportunities.
It’s via an “outdated” telecommunication regulation from the telecommunications act of 1996, that’s still on the books, which requires small rural telephone companies to charge larger telephone companies a “termination fee” to access their lines.
If the termination fee at a particular location was 8 cents, they could pay a conference bridge company 4 cents per minute and still make 4 cents on the call. Price of petrol was made market determined effective June 26, 2010, there is no under recovery related subsidy payment for petrol by the government since then.
Attorney by qualification, Rajat has done extensive work for improving corporate governance and disclosure standards. Perhaps you are not factoring in that between the two periods, the price of crude oil has fallen over 50%. With deregulation of the petroleum products, the outlook for this sector has undergone a dramatic change for the better. The rural companies get a great deal – the more calls that they take, the more money they make.
Conference calling is relatively cheap to setup, so these companies are able to offer free service to customers like us and still make 4 cents per minute. And they get to take advantage of the compounding nature of interest, so their earnings can grow exponentially. This has not trickled down to retail prices with the price of petrol down only by 6% and that of diesel by down only 13%.
However, the Government has increased excise and VAT on petrol, diesel and other oil products to keep the retail prices much higher than the price of not only crude oil but also that of the refined petrol and diesel. I wish you could look into your crystal ball and give indication of likely winners with 3 years perspective.



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