The price of a 19-kg commercial LPG cylinder was increased last month by Rs 62. The latest increase in price marks the second straight hike that could impact small businesses and other enterprises like eateries, hotels and restaurants.
The rates have been increased for the second consecutive month after two rounds of reduction. The latest hike in jet fuel prices could impact the airfare before the upcoming holiday season.
Oil companies have refrained from adjusting petrol, diesel, and cooking gas prices for nearly two years, leading to losses when input costs were higher and profits when raw material prices were lower.
The initial announcement by Finance Minister Nirmala Sitharaman in the FY24 budget consisted of Rs 30,000 crore for equity infusion and Rs 5,000 crore for crude oil purchases.
Other than BPCL, Oil and Natural Gas Corporation (ONGC) has been without a regular chairman and managing director since April 2021. Currently, the post is being held by Rajesh Kumar Srivastava.
HPCL Q1 results: Indian Oil Corporation (IOC) too reported a net loss of Rs 1,992.53 crore for the June quarter.
Petrol, Diesel shortage: Rumours about fuel shortage started doing the rounds after long queues over the weekend were spotted at petrol pumps in Rajasthan, Uttarakhand and Gujarat.
The government had planned to sell its entire 52.98% stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expressions of Interest (EoIs) from bidders in March 2020. At least three bids came in by November 2020.
BPCL Dividend 2022, BPCL Q4 Results 2022: BPCL share price hit a 52-week low of Rs 312.20 a day after it reported 82 per cent decline in net profit.
The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd.
A Reuters report said that the government is considering inviting bids for a 20 to 25 per cent stake in BPCL.
M Fuel Kart Pvt Ltd has signed an agreement with BPCL to offer doorstep delivery of high-speed diesel in Delhi-NCR.
BPCL dividend News, BPCL dividend date: BPCL dividend ex date is September 16. BPCL AGM 2021 will take place on September 27.
The initiative of door-to-door delivery through mobile dispensers has resulted in the commissioning of 1588 FuelKarts and 129 FuelEnts within a span of about two years across the industry.
The much-anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) can bring in Rs 1 lakh crore for the government, said the Chief Economic Adviser (CEA) K.V. Subramanian.
BPCL is selling its entire shareholding of 61.65 per cent in NRL to the consortium as part of its sell-off process that mandated separation of the Assam-based refinery before the strategic sale.
The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal.
The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).
The government has for the fourth time extended the deadline for bidding for privatisation of India's second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL) by one and a half months to November 16.
The Bokaro LPG bottling of Bharat Petroleum Corporation Limited (BPCL) will be commissioned in December this year. The Bokaro plant will be the first state of art LPG bottling plant in Jharkhand and will have a capacity of over four million cylinders annually.
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