BPCL

State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a 22.5 per cent fall in September quarter net profit as earnings from operations weakened due to a retail price freeze despite rising costs. BPCL's standalone net profit declined to Rs 4,993 crore in July-September, the second quarter of fiscal 2027, from Rs 6,443 crore a year earlier, according to a company statement. Revenue from operations rose to Rs 1.58 lakh crore from Rs 1.22 lakh crore, while Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) fell nearly 14 per cent to Rs 9,437 crore from Rs 10,968 crore. India's second largest fuel retailer earned USD 32.53 on turning every barrel of crude oil into fuels like petrol and diesel in July-September, as compared to USD 10.78 a barrel gross refining margin in the same period a year back. But these gains were wiped away by losses arising from the five month old freeze in retail price revision despite a rise in cost. BPCL also booked Rs 330 crore ...

BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%

Oil prices climbed sharply on Thursday due to rising attacks on vessels in the West Asia and hurricane-related production shutdowns in the US, reviving fears of severe supply disruptions.

The proposed 9 mtpa refinery and petrochemical complex near Ramayapatnam Port will come up on 5,200 acres and produce transportation fuels and petrochemicals

State-run oil marketing companies are facing mounting losses on petrol and diesel sales as a surge in crude prices outpaces unchanged domestic fuel prices, rating agency ICRA said. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are losing Rs 8 a litre on petrol, and Rs 9 on diesel, while under-recoveries on domestic liquefied petroleum gas (LPG) stood at about Rs 300 per cylinder, ICRA said. "At these levels, the daily loss to the OMCs is estimated at Rs 530 crore," ICRA said. Crude oil prices have risen sharply in recent weeks amid escalating geopolitical tensions and supply disruptions in West Asia. The surge was driven by renewed US-Iran conflict, the shutdown of Saudi Arabia's East-West pipeline and heightened Houthi activities in the Red Sea. The price of the basket of crude oil India imports rose to USD 117.4 per barrel as on September 21, 2026, from the 2025-26 average of around USD 66 a barrel. "The ...

Oil at $100: OMC stocks have already been punished significantly, and therefore investors are not reacting in panic after such a major fall, believe analysts.

Bharat Petroleum Corp Ltd (BPCL), India's second largest fuel retailer, on Thursday said there is no decision to replace E20 petrol with E10, clarifying that the current debate is over whether older vehicles should have access to a lower-ethanol blend and how an additional grade of petrol could be supplied across India's vast fuel-distribution network. In a media call post the company's annual shareholder meeting, BPCL Chairman and Managing Director Sanjay Khanna, however, said he saw no operational or logistical challenge in switching from E20 petrol to E10 if the government decides to change the ethanol-blending policy. "I never said that E20 will be changed to E10," he said, adding that it was being debated in some circles whether older vehicles should have an option of lower-ethanol blend fuel. "That doesn't mean E20 will be out and E10 will be in," he said. His comments come amid a wider policy discussion over whether owners of older vehicles should have access to E10 petrol,

Nomura maintains its bearish medium-to-long-term outlook on crude oil, citing the potential for the largest-ever global oil surplus in 2027E based on IEA forecasts.

Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington

Elevated crude prices against the backdrop of the West Asia crisis remained the key factor that roiled the OMCs' Q1 earnings performance.

The state-run refiner is also exploring long-term crude supply deals with the US and other countries as it seeks to manage supply disruptions and rising energy costs

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a net loss of Rs 3,962 crore in the June quarter on keeping petrol, diesel and LPG prices way below cost that had soared due to the West Asia crisis. The net loss of Rs 3,962.13 crore in April-June - the first quarter of current 2026-27 fiscal year - compared with a profit of Rs 3,333.97 crore in the same period a year back, according to a stock exchange filing by the company. BPCL and other state-owned fuel retailers - Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) - held petrol and diesel prices steady for two-and-half-months despite a more than 50 per cent surge in prices of crude oil - the raw material for making petrol and diesel - after the US and Israel attacked Iran on February 28 and Tehran retaliated. And when these companies increased prices by over Rs 7.50 a litre in the second half of May, it wasn't enough to cover for the cost. The cooking gas price increase of Rs 89 per 14.2-kg

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Nomura said that elevated crude oil prices are negative for OMCs' marketing margins and CGDs' input costs, while positive for upstream realisations in the near term.

At last check, Brent crude was up 4.09 per cent at $79.12 a barrel, while US West Texas Intermediate (WTI) crude rose 4.10 per cent to $74.33 a barrel.

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

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BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

The state-run oil marketer will acquire Videocon Energy Brazil's stake in IBV Brazil Petroleo, making the upstream company a wholly owned subsidiary of its overseas arm