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Tag: BPCL

  • Commodity Market

Auto fuel price reductions are unlikely to occur until April

Mahalakshmi@fastura.com1 year ago03 mins

If crude prices stay below $80 a barrel during this time, state-run oil marketing companies (OMCs) are expected to reduce retail prices of gasoline and diesel to some degree, right before the general election that is slated for April, according to sources. Given that the price of petroleum is currently below the $80/barrel barrier, the…

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  • Indian Market

In oil transactions with BPCL and HPCL, ONGC charges a premium over Brent.

guna@fastura.com2 years ago03 mins

The largest producer of gas and oil in India, ONGC, has entered into long-term agreements with refiners to sell the crude oil it extracts from offshore resources in Mumbai at a premium to the global benchmark Brent, according to sources. The Oil and Natural Gas Corporation (ONGC) has agreements with Bharat Petroleum Corporation Ltd (BPCL)…

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  • Commodity Market

“Oil firms make ₹10 profit per liter on petrol, ₹6.50 loss on diesel,”

Mahalakshmi@fastura.com2 years ago04 mins

Oil corporations are making ₹10 per liter on petrol sales, but retail prices haven’t dropped to make up for earlier losses and a ₹6.50 per liter loss on diesel, a report said. The prices of petrol and diesel have not been updated by state-owned IOC, BPCL, and HPCL in pace with inflation for the past 15 months….

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  • Commodity Market

Govt to release additional Rs. 20000-cr to oil retailers as LPG subsidy

Meena@fastura.com3 years ago03 mins

According to a senior finance ministry official, the Centre will likely provide the state-run fuel dealers an extra sum totaling about Rs. 20,000 crores – over the Rs. 5,800 crores allocated – to make up for the under-recoveries on cooking gas in the current fiscal year. This indicates that gasoline subsidies, which were reduced to…

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