Bharat Petroleum Corp
Bharat Petroleum Corp News
India's gas demand picks up gradually; relaxation in lockdown curbs help resume economic, industrial activities
An executive from India’s top gas importer Petronet also said there had been some recovery in demand compared to last month.
Air India wants govt to provide Rs 2,500 crore as debt; airline owes Rs 4,500 cr in fuel dues, hasn't paid in 200 days
In the current fiscal Air India hasn't got any equity support from the Centre and is now finding it hard to meet working expenses
Govt looking at cutting west coast refinery capacity as cost escalates to $60 bn from $44 bn
India is looking at cutting capacity at its biggest oil refinery to match lower fuel demand projections and contain costs which jumped to $60 billion due to meeting stringent environment norms and relocation of the plant, top officials said
India raises cost of refinery project with Aramco by more than 36% after farmers' protest forces relocation of plant
The project cost at the signing of a deal with Saudi Aramco in 2018 was pegged at $44 billion.
Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report
The government plan to more than double the number of petrol pumps in the country does not make economic sense as more number of outlets would only cut into each other's sale, leading to some unprofitable, Crisil Research said in a report on Thursday
India's crude oil shipments from Iran slump 60% in February as New Delhi cuts imports under sanctions waiver deal with US
India’s February oil imports from Iran were about 4 percent lower than January’s purchases, the data showed.
India should reduce or stop crude oil import from Iran, can increase dependence on other Middle Eastern suppliers: Moody's
Iranian crude is usually sold at a discount of up to $2-4 per barrel to other Middle Eastern crude oil grades.
India considers reducing crude oil imports, relying on stockpile after traders forecast prices to rise to $100 a barrel
The soaring crude oil prices are occurring at the same time emerging market currencies, such as India's rupee, are under pressure. That combination means Indian crude imports are 47 percent more expensive this year in rupee terms.
Indian refiners may reduce oil imports to mitigate pain of high crude prices and declining rupee
The decision to cut imports illustrates that rising crude prices and emerging market currency weakness may start causing oil demand to decline in a number of markets that have so far seen healthy crude consumption
ONGC Videsh-led group picks up 10% stake in Abu Dhabi's Zakum oilfield for $600 mn; deal to help UAE expand foothold in Asia
ONGC Videsh is the foreign investment arm of ONGC. Other members of the consortium are Indian Oil Corp and Bharat Petro Resources Ltd, an upstream arm of refiner Bharat Petroleum Corp.
Supreme Court allows cement industry to use petroleum coke; asks govt to frame guidelines
Petcoke and other cheap, highly polluting fuel such as furnace oil are widely used by cement factories, dyeing units, paper mills, brick kilns and ceramics businesses
Gujarat election impact: After Rs 76.5 hike in LPG price, oil cos skip monthly revision in December
The price of subsidised LPG was last raised by Rs 4.50 per cylinder on 1 November to Rs 495.69
Aviation turbine fuel price raised 6%, cooking gas by Rs 1.50 per cylinder
A subsidised 14.2-kg LPG cylinder will now cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.
BPCL seeks 70,000 tonnes of petrol as co plans month long crude unit shutdown
BPCL will shut a 100,000-barrel-per-day (bpd) crude unit for a month from 29 July and the CCR from 6 August at its 190,000-bpd Kochi refinery in Southern India
IOC, HPCL, BPCL in pact to set up world's largest refinery in Maharashtra, invest $40 bn
Indian Oil Corp (IOC) will be the lead partner with 50 percent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 percent stake each, IOC Chairman Sanjiv Singh said.
Petrol price up by 42 paise a litre, diesel Rs 1.03
This is the fourth increase in petrol price in six weeks and the third in case of diesel in one month.
Diesel prices hiked by 50 paise per litre, no change in petrol rates
Diesel price was on Wednesday hiked by 50 paise per litre but there will be no change in petrol rates.
As rupee nudges 69, RBI decides to sell dollars to oil PSUs
The Reserve Bank of India will provide dollars directly to state oil companies in its latest attempt to shore up a currency that has slumped to a record low, reflecting the stiff economic challenges facing the country in an uncertain global environment.
IOC to start work on its first LNG terminal by end of 2013
Indian Oil Corp will start work on its first liquefied natural gas (LNG) plant at Ennore in the east coast by the end of this year, its chairman said on Tuesday, as it sees a gradual rise in local acceptance of the costly imported fuel.