Bharat Petroleum-corp-ltd

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Bharat Petroleum-corp-ltd - Total results - 24
Vedanta Group submits expression of interest in purchasing Government of India's stake in BPCL
Business

Vedanta Group submits expression of interest in purchasing Government of India's stake in BPCL

The Government of India is looking to sell its entire 52.98 percent stake in BPCL. The last date to put forward an expression of interest was 16 November

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits
Business

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits

Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel
Business

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel

Shares of oil marketing companies -- Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd -- on Wednesday plunged up to 13 percent, a day after a hike in excise duty on petrol and diesel

Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel
Business

Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel

The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown

Coronavirus Outbreak: Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease
Business

Coronavirus Outbreak: Oil PSUs to re-start over Rs 42,000 cr of projects as lockdown restrictions ease

State-owned oil firms will resume as many as 511 projects involving over Rs 42,000 crore of investment with immediate effect as the country partially exited from an unprecedented nationwide lockdown on Monday

Coronavirus Outbreak: Fuel sales slump 50% in first half of April; petrol down 64%, diesel 61%, ATF 94%
Business

Coronavirus Outbreak: Fuel sales slump 50% in first half of April; petrol down 64%, diesel 61%, ATF 94%

India's fuel consumption slumped by a record 50 percent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel

Govt plans to fill strategic petroleum reserve by third week of May; to help refineries reduce excess crude
Business

Govt plans to fill strategic petroleum reserve by third week of May; to help refineries reduce excess crude

India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into the sites by then, the managing director of the country’s SPR said on Tuesday

IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves
Business

IOC gets first shipload of 1 million barrels crude oil from UAE to fill strategic reserves

India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels of crude oil from the UAE arriving at Mangalore as part of efforts to shore up supplies to meet any supply or price disruption

Airline, oil marketing stocks fall as crude prices surge; SpiceJet down 4.9%, IndiGo 4.7%
Business

Airline, oil marketing stocks fall as crude prices surge; SpiceJet down 4.9%, IndiGo 4.7%

Airline and oil marketing stocks on Monday fell as crude oil prices surged after OPEC and its allies agreed to cut down on crude production

Coronavirus Outbreak: Petrol, diesel demand slumps 66% in April; ATF down 90% due to nation-wide lockdown
Business

Coronavirus Outbreak: Petrol, diesel demand slumps 66% in April; ATF down 90% due to nation-wide lockdown

India’s fuel consumption slumped by over 66 percent in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves
Business

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves

Capitalising on low global oil prices, India will fill its underground strategic oil reserves with oil from Saudi Arabia, the UAE and Iraq as it shores up supplies to meet any supply or price disruption

State refiners may sign annual deals to buy Russian oil; India moves to tap new sources to hedge geopolitical risks: Report
Business

State refiners may sign annual deals to buy Russian oil; India moves to tap new sources to hedge geopolitical risks: Report

India, the world’s third-biggest oil consumer and importer, which ships in over 80 percent of its needs, usually relies on the Middle East for the majority of its supply

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas
Business

New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas

India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap
Business

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap

In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan
Business

BPCL privatisation: Govt has no business to be in business, says Petroleum Minister Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Thursday said the government has "no business to be in business", and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers

Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition
Business

Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition

The government on Wednesday opened up fuel retailing norms, allowing non-oil companies to set up petrol pumps to increase competition

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise
Business

State-owned oil companies say Air India not honouring Rs 100 cr per month payment promise

State-owned oil companies on Tuesday accused Air India of not honouring its commitment to pay Rs 100 crore every month to clear overdue ATF outstanding of over Rs 5,000 crore and will be forced to snap supplies at major airports from Friday if no solution is offered

BPCL shares drop over 3% as govt clears way for privatisation of state-owned fuel retailer
Business

BPCL shares drop over 3% as govt clears way for privatisation of state-owned fuel retailer

Shares of BPCL fell over 3 percent on Monday after the government repealed the legislation that had nationalised the company

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar
Business

BPCL to invest Rs 1,500-1,700 cr in floating LNG terminal in Andhra Pradesh: Chairman D Rajkumar

Bharat Petroleum Corp Ltd (BPCL) plans to invest Rs 1,500-1,700 crore in building a floating liquefied natural gas (LNG) import terminal at Krishnapatnam in Andhra Pradesh by 2022, its chairman D Rajkumar said on Monday

India should reduce or stop crude oil import from Iran, increase dependence on Saudi Arabia, Iraq: Moody's
World

India should reduce or stop crude oil import from Iran, increase dependence on Saudi Arabia, Iraq: Moody's

Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian suppliers like Saudi Arabia and Iraq, Moody's Investors Service said.