New Delhi, July 12 (IANS) India’s imports of Russian crude oil climbed to a record high in June, even as Russia’s overall oil export revenues declined amid softer global prices, according to a report by the Centre for Research on Energy and Clean Air (CREA).The report said India imported Russian crude worth EUR 4.5 billion during the month, a 34 per cent increase over May. Crude oil accounted for 83 per cent of India’s total Russian fossil fuel imports, which stood at EUR 5.5 billion in June, ma…
Latest Bharat Petroleum Corporation Ltd News & Updates
New Delhi, June 29 (IANS) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday announced that it will acquire a 40 per cent stake in Tiki Tar and Shell India Pvt Ltd (TTSIPL) for Rs 85 crore to strengthen its presence in the rapidly growing value-added bitumen (VAB) market.The strategic investment is aimed at accelerating BPCL’s expansion in India’s infrastructure sector, where demand for specialised bitumen products is expected to grow alongside road and airport construction, the PSU f…
New Delhi, June 12 (IANS) India has imposed restrictions on the sale of motor spirit (petrol) and high-speed diesel (HSD) at retail fuel outlets, limiting bulk purchases and directing institutional and commercial users to source fuel through their dedicated consumer or captive pumps, according to an official government notification.The directive, aimed at curbing diversion of subsidised or retail-priced fuel, will remain in force for an initial period of up to 90 days unless withdrawn or modifie…
Mumbai, May 20 (IANS) Public Sector Oil Marketing Companies (OMCs), including Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd through State Level Coordinator (Oil Industry) for Maharashtra, Mihir Joshi, on Wednesday assured the people that the availability of essential petroleum products, including petrol, diesel and Liquefied Petroleum Gas (LPG), remains normal and uninterrupted across the state. The overall fuel supply in Maharashtr…
Morbi, April 15 (IANS) Gujarat Gas Limited (GGL) has stepped up efforts to stabilise fuel supply to Morbi’s ceramic industry amid a global energy crunch, with 142 units currently operational following coordinated measures to address supply disruptions and rising costs. According to officials, the recovery follows joint efforts by GGL and the Morbi Ceramic Association after a period of severe strain triggered by volatility in global liquefied natural gas (LNG) markets and supply disruptions …
Hyderabad, April 3 (IANS) Acting against hoarding and black-marketing of LPG, the Telangana civil supplies department has so far seized 3,699 illegal domestic LPG cylinders, officials said on Friday. The department also seized 70 small cylinders. All the cylinders have been seized from March 12 to April 3.According to an official statement, the value of seized property is Rs. 1.10 crore.A total of 1,275 cases have been filed under Section 6A of the Essential Commodities Act. Officials s…
Hyderabad, March 25 (IANS) Amid rumours of petrol, diesel and LPG shortages that triggered panic buying and long queues at fuel stations across Hyderabad, the Telangana government on Wednesday assured the public that there is no shortage of any petroleum product in the state.Addressing a press conference, Minister for Civil Supplies and Irrigation, N. Uttam Kumar Reddy, along with Civil Supplies Commissioner, Stephen Ravindra, categorically stated that stocks are more than adequate for the next …
New Delhi, March 6 (IANS) PSU oil marketing companies Bharat Petroleum Corporation Ltd (BPCL) and the Indian Oil Corporation Ltd (IOCL) on Friday dismissed rumours of shortages of fuel — petrol and diesel — in certain areas, calling them “completely unfounded” and “baseless”.In a post on its X handle, BPCL said India’s energy supply remains reliable and resilient, with ample petroleum reserves and uninterrupted supply chains.”There have been some rumours about shortages of petrol and diesel …
New Delhi, Feb 23 (IANS) Downstream oil marketing company Bharat Petroleum Corporation Ltd (BPCL) has received an order from the Commissioner of Central Tax and Central Excise, Kochi, for a total demand of Rs 1,816.65 crore, the government-owned company said in an exchange filing on Monday.The total sum comprises an excise duty demand to the tune of Rs 476.94 crore in addition to the applicable interest of Rs 1,339.70 crore and a penalty of Rs 95,000, it said in a filing with the BSE.The BPCL sa…