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Monthly diesel price hikes likely to continue

Last Updated: Thursday, May 29, 2014, 15:26

"There is no reason why the monthly increases should be discontinued. They will continue till under-recoveries (losses) on diesel are wiped out," Oil Ministry official said.

Loss on diesel sale down at Rs 4.41 a litre

Last Updated: Monday, May 19, 2014, 21:32

The loss on sale of diesel has fallen to Rs 4.41 per litre, helped by Rs 1.09 per litre hike and strengthening of the rupee against the US dollar.

BPCL to shut Bina refinery for a month in Sept-Oct

Last Updated: Monday, May 05, 2014, 21:33

Bharat Petroleum Corp plans to fully shut its 120,000 barrels per day Bina refinery in central India for up to a month in September and October for maintenance, its head of refineries B.K. Datta said on Monday.

BPCL to invest Rs 1,419 cr in Mumbai refinery

Last Updated: Monday, May 05, 2014, 18:20

Bharat Petroleum Corp Ltd, India's second-biggest state refiner, plans to invest Rs 1,419 crore in replacing an old crude processing unit at its 12 million tons a year Mumbai refinery by May 2015.

Loss on diesel sales falls to Rs 5.49 per litre

Last Updated: Wednesday, April 16, 2014, 18:22

The loss on sale of diesel has been trimmed by 44 paise to Rs 5.49 a litre after appreciation in the value of the rupee made imports cheaper.

Loss on diesel sales declines to Rs 7.16 a litre

Last Updated: Tuesday, March 18, 2014, 19:30

The loss on sales of diesel has been trimmed by more than Re 1 to Rs 7.16 per litre on the back of softening international oil rates.

Govt sanctions Rs 17,772 crore cash subsidy for oil companies

Last Updated: Thursday, November 07, 2013, 19:12

Government Thursday sanctioned Rs 17,772 crore cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.

Credit Suisse upgrades BPCL to 'outperform'

Last Updated: Wednesday, September 25, 2013, 11:23

The investment bank says current share price reflects export parity pricing implementation, which should provide a floor to valuations.

Losses on diesel sales at record Rs 14.50 a litre

Last Updated: Monday, September 16, 2013, 19:34

Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp (BPCL) are losing Rs 486 crore per day as they are made to sell diesel, domestic LPG and kerosene way below cost to keep inflation under check.

Fuel sales losses likely to come down to Rs 84,475 cr in FY14

Last Updated: Monday, May 06, 2013, 16:16

Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp ( BPCL) lost Rs 1,61,029 crore in 2012-13 on sale of diesel, domestic LPG and kerosene at government controlled rates, which are way below market price.

Videocon, BPCL strike natural gas in Mozambique block

Last Updated: Monday, April 22, 2013, 18:24

Videocon Hydrocarbon Holdings, a wholly owned subsidiary of Videocon Industries, and Bharat PetroResources Ltd, a unit of BPCL, said a new discovery has made in the offshore Area 1 of the Rovuma basin, the two firms said in almost identical but separate statements.

CCI rejects market abuse charges against BPCL

Last Updated: Wednesday, April 17, 2013, 22:52

Fair trade regulator CCI has dismissed complaints of Bharat Petroleum Corp Ltd (BPCL) abusing its market dominance in transportation of LPG cylinders from bottling plants to distributors across the country.