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BPCL

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

BPCL is likely to incur gross marketing losses in the current fiscal as it is unable to pass costs to consumers, Fitch Ratings said

BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing

BPCL has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil as part of plans to diversify its sourcing needs

BPCL disinvestment not on table as of now, says Puri

Hardeep Singh Puri, Minister for Petroleum and Natural Gas, has said that BPCL disinvestment is not on the table as of now

Hardeep Singh Puri hints at reviving mega West Coast refinery project

The West Coast refinery project in Maharashtra was put on the back burner some time back amid opposition from locals

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

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

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

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

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

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

BPCL closes down data room after govt puts off privatisation

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)

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

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

BPCL disinvestment: Govt officially aborts plan as bidders pull out

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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