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Petrol now costs almost twice as much in Mumbai than New YorkRetail prices in the city are up 11% this year and reached Rs 100.72 ($1.39) a litre on Tuesday, Indian Oil Corp data show. The equivalent ...- BPCL plan Rs 12,000 crore capex for FY22, defers new projectsThe company invested Rs 11,000 crore on capex in 2020-21. BPCL management also said that it has no plans to sell its stakes in Indraprastha...
- BPCL may resume Iranian oil buying if no sanctions, needs concessions"We have been taking 2 million tonnes (per year) of Iranian crude oil, on an average, when things were normal. We will go back to that numb...
- India shifts oil imports from Middle East to Africa, North America due to OPEC cutsMiddle East oil tends to yield more diesel, while crude from the North Sea, West Africa and US shale fields usually produce more LPG and ga...
- BPCL to buyout Oman Oil stake in Bina refinery for Rs 2,400 crBPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina i...
- Petrol, diesel prices at fresh highs as rates up for 2nd straight dayPetrol price was hiked by 30 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailer...
- BPCL to close NRL, Bina refinery deal before MarchBPCL said that it has revised its capex targets to Rs 9,000 crores from the earlier target of Rs 8,000 crores. Of this, Rs 5,688 crores has...
- Bharat Petroleum Corp puts Bina refinery expansion plan on hold pending privatisationThe federal government wants to sell its 53.29% stake in BPCL, the country's second-largest state-run refiner, to raise funds to rein in a ...
- IOC Q2 preview: OMC may post over 100% rise in net profitBrokerage Prabhudas Lilladher believes that IOC may post 247 per cent growth in profit after tax despite 24.10 per cent fall in sales.
- BPCL may sell part of treasury shares via block dealsRest of the 7.33 per cent stake may be sold in the stock market through block deals but the decision would be a part of the request for pro...
- A large number of workmen have accepted VRS and will leave by end-Sept: BPCLEmployees having a certain length of service depending on their grades will be given BPCL shares at a discounted price.
- Hit by Covid-19 disruptions, BPCL trims FY21 capex plans to Rs 8,000 croreThe company on Thursday reported a doubling of its net income at Rs 2,076 crore in the June quarter boosted by an inventory gain of Rs 565 ...
- Hit by COVID-19 disruptions, BPCL cuts 2021 spending plans by 36% to about Rs 8,000 croreOil companies across the globe have cut their spending plans as the pandemic has driven down oil prices and fuel demand.
- India’s biggest asset sale to attract China-wary oil majorsNations, including the US are coming together to counter China’s growing threat to global trade.
- Privatisation may not cause big layoffs at BPCL: Top execState-run BPCL’s management does not expect major layoffs after the proposed privatisation of the oil marketing company as it has been work...
- Buy BPCL, price target Rs 525: Kunal BothraThe analyst suggested a stoploss at Rs 486.
- No Cabinet decision yet on BPCL disinvestmentThere is a possibility of government selling its 53.29 per cent stake along with management control in oil marketing and refining firm for ...
- Buy BPCL, target price Rs 555: Shrikant ChouhanShrikant Chouhan recommended to keep stoploss at Rs 551.
- If oil remains at $70 for next 15 days, it will be good for us: N Vijayagopal, BPCLWe don't depend on a certain price of crude, but on the spread between crude & product prices.
- Sell Bharat Petroleum Corporation, target Rs 355: Dr CK NarayanSell Bharat Petroleum Corporation Ltd. at a price target of Rs 355.0 and a stoploss at Rs 370 from entry point.
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