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BPCL

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BPCL to incur marketing losses; prolonged State interference in fuel prices negative: Fitch

PSU Watch Bureau -
BPCL is likely to incur gross marketing losses in the current fiscal as it is unable to pass costs to consumers, Fitch Ratings said
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BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing

PSU Watch Bureau -
BPCL has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil as part of plans to diversify its sourcing needs
News Updates

BPCL disinvestment not on table as of now, says Puri

PSU Watch Bureau -
Hardeep Singh Puri, Minister for Petroleum and Natural Gas, has said that BPCL disinvestment is not on the table as of now
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Hardeep Singh Puri hints at reviving mega West Coast refinery project

PSU Watch Bureau -
The West Coast refinery project in Maharashtra was put on the back burner some time back amid opposition from locals
News Updates

Inordinate delay in filling CMD, Director posts in PSUs, says NCOA

PSU Watch Bureau -
Expressing concern over the inordinate delay in filling up the posts of CMD and Directors in PSUs, the NCOA has demanded action from the government
News Updates

Cabinet allows BPCL to invest USD 1.6-bn in Brazil oil block

PSU Watch Bureau -
The Union Cabinet has given its approval to state-owned Bharat Petroleum Corporation Ltd (BPCL) to invest an additional USD 1.6 billion in a Brazilian oil block
News Updates

OMCs may post Rs 10,700-cr loss in Q1 due to holding petrol, diesel prices: Report

PSU Watch Bureau -
OMCs IOC, HPCL and BPCL may post a combined loss of Rs 10,700 crore in Q1 of FY2022-23 on selling petrol and diesel at rates below cost, says a new report
Latest News

BPCL closes down data room after govt puts off privatisation

PSU Watch Bureau -
BPCL had in April 2021 opened a virtual data room, mostly containing financial information on the company, for the qualified bidders signing Confidentiality Undertaking (CU)
News Updates

Fuel retailers have expressed concerns about under-recoveries on petrol, diesel: Puri

PTI -
Hardeep Singh Puri said fuel retailers have knocked on the doors of the government seeking ‘relief’ but hastened to add that the pricing is their decision
News Updates

BPCL disinvestment: Govt officially aborts plan as bidders pull out

Shalini Sharma -
The govt has announced its decision to scrap the BPCL disinvestment process since bidders have expressed their inability to continue with the process
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