New Delhi: State-owned Bharat Petroleum Company (BPCL) on Tuesday stated it has signed a memorandum of working out (MoU) with Rajasthan to arrange a 1 gigawatt (GW) renewable power (RE) plant within the state. Bharat Petroleum has set the objective of internet 0 in Scope 1and 2 emissions by means of the yr 2040. The … Read more
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
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
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
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
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
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
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