BPCL launches low-smoke Awesome Kerosene Oil for Indian Military

New Delhi: Indian state refiner Bharat Petroleum Corp introduced the release of low-smoke awesome kerosene oil (SKO) for the Indian Military in Jammu. BPCL has emerged as the primary OMC to begin the availability of the brand new LSLA grade SKO provides to the Military, which is able to cross some distance in bettering the … Read more

Fuel value takes a toll on refining margins

NEW DELHI : The upward push in costs of liquefied herbal fuel and an international provide crunch has impacted the gross refining margins (GRM) of oil advertising firms, stated other people within the know of the traits. Two officers acutely aware of the traits stated this has precipitated OMCs, as the 3 state-run firms are … Read more

Cupboard okays ₹22,000-cr grant to state-owned OMCs to hide LPG losses

New Delhi: The Union Cupboard on Wednesday licensed ₹22,000 crore as one time grant to state-owned oil shops for losses in home cooking gasoline prices. The grant will probably be disbursed amongst Indian Oil Company Restricted (IOCL), Bharat Petroleum Company Restricted (BPCL) and Hindustan Petroleum Company Restricted (HPCL). “The Union Cupboard chaired by way of … Read more

Narrowing refining margins crimp good points from declining crude costs

NEW DELHI : The decline in crude oil costs would possibly be offering some respite to state-run gasoline outlets and assist them slim their advertising losses within the September quarter. Brent Crude, which used to be at over $120 a barrel in June, is buying and selling at $90 in keeping with barrel now—ranges final … Read more

India indicators crude provide settlement with Petrobras

New Delhi: In a landmark construction to diversify crude oil sourcing for power safety in India, Bharat Petroleum Company Restricted (BPCL), a ‘Maharatna’ and a Fortune International 500 Corporate on Saturday signed a Memorandum of Figuring out (MoU) with Brazilian oil company Petrobras. The signing of the MOU will enhance long term crude oil business … Read more

Government would possibly be offering ₹20,000 crore lifeline to Indian Oil, HPCL, BPCL

India plans to pay about ₹20,000 crore ($2.5 billion) to the state-run gasoline outlets, equivalent to Indian Oil Corp., to partially compensate them for losses and stay a take a look at on cooking gasoline costs, in keeping with other people conversant in the topic. The oil ministry has sought a repayment of ₹28,000 crore, … Read more

IOC, HPCL, BPCL put up ₹18,480 cr loss in Q1 on protecting petrol, diesel costs

State-owned Indian Oil Company (IOC), Hindustan Petroleum Company Ltd (HPCL) and Bharat Petroleum Company Ltd (BPCL) posted a mixed lack of ₹18,480 crore on protecting petrol and diesel costs regardless of a upward thrust in value. In keeping with inventory trade filings by way of the 3 gasoline outlets, the losses have been because of … Read more