'Recently my only child passed away at age 34. The amount [of] open bribe being asked—by ambulance, police for FIR and post-mortem report, crematorium for giving receipt, BBMP office for death certificate—I paid,' retired Bharat Petroleum CFO Sivakumar K said.
State-run BPCL said the company’s supply chain operations remain robust with its fuel stations having sufficient supply of petrol, diesel, compressed natural gas (CNG) and LPG cylinders.
ADNOC, through its trading units, has agreed to supply some U.S. LPG cargoes to India refiners under the annual contracts from June-July, said sources.
BPCL Q4 results: Revenue falls 4% to Rs 1.27 lakh crore
BPCL sources around 30 percent of its crude imports from Russia, which could now see a decline
BPCL will enter into a long-term deal of 15-20 years for supply of crude oil for the new refinery, if Saudi Arabia agrees to provide “good discounts” on purchase of oil for the refinery, said Vetsa Ramakrishna, Director- Finance, on the sidelines of India Energy Week 2025.
CLSA upgraded the stock to 'hold', citing recent corrections, despite inventory losses and weaker refining margins.
In 2019, Saudi Arabia pledged to invest $100 billion in India in sectors such as energy, refining, and petrochemicals.
BPCL shares surged 7 percent to a fresh all-time high of Rs 370.50 on NSE, fueled by heavy trading volumes and strong investor sentiment.
BPCL has planned a capital expenditure of around Rs 1.70 lakh crore over five years to expand its core oil refining and fuel marketing business as well as petrochemicals and green energy businesses.
Bharat Petroleum expects Middle Eastern crude producers to lower official selling prices due to shrinking refining margins. Complex refining margins in Asia have halved to $4.10 per barrel since February.
Amid weak GRM of the state-run oil marketing company, BPCL reported a decline of 71 percent in its standalone net profit for the quarter at Rs 3,015 crore.
BPCL Q1: Revenue from operations was nearly flat of the state-run oil marketing company at Rs 1.28 lakh crore in Q1FY25.
The eight bidders can now submit proposals to the Sri Lankan government for the acquisition of shares in Litro Gas Lanka Limited and Litro Terminals (Private) Limited, a statement released by Sri Lanka's finance ministry said
The state-run oil marketing company is understood to be currently working on the detailed feasibility report and evaluating various aspects, including the throughput of the refinery and availability of feedstock.
Puri, who took charge of the ministry for a second time on Tuesday, said Prime Minister Narendra Modi wants to provide energy at affordable rates to customers to cushion them from the volatile oil markets
BPCL plans to expand its refining capacity to 45 million tonnes per annum from current 35.3 million tonnes, and add 4,000 new fuel stations by FY29.
Goldman Sachs' 12-month target for Reliance Industries now stands at Rs 2,885 versus Rs 2,660 earlier
Bharat Petroleum Corp of India has recently offered its first spot gasoil cargo through a sales tender in over a year, according to industry sources.
The project, with a capital expenditure of Rs 49,000 crore, includes establishment of an ethylene cracker complex, downstream petrochemical plants and expansion of the existing refinery capacity.
BPCL will invest an amount ranging from Rs 43,000 crore to Rs 50,000 crore for the two projects, the Madhya Pradesh government said in a release.
ACC approved the appointment of Krishnakumar as CMD, who is currently the Executive Director of the oil giant.
As Brent crude fell below $75 a barrel for the first time since 2021, marketing losses will ease for the three state-owned refining and marketing companies
Known for his Punjabi rap songs, AP Dhillon is massively popular in the state, especially among the youth.
BPCL's revenue from operations during Q3 came in at Rs 1.33 lakh crore, rising 13.48 percent from Rs 1.17 lakh crore in the corresponding quarter of the previous year