Parekh Committee Report to decide course of oil marketing cos: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services

What is your view on oil marketing companies?

I will be more interested to see how soon that Parekh Committee Report is implemented. The sooner they do it, the better it is. There is no point injecting these companies with either cash compensation or oil bonds. These companies are bleeding for a very long time. Under recoveries are far far higher than of course what we had expected. Crude fortunately is at a lower level but we do not expect crude to be here for a long time and in case if you see crude above $80-85, then under recoveries go on ballooning. So from that point of view, I would be more interested in seeing what the government does as far as Parekh Committee Report is concerned.