BPCL Q3 net profit plunges 6% to Rs 21.43 billion, GRM at $7.89 per barrel

Total market sales for the nine-month period of April-December 2017, was at 30.48 million tonnes

State-run Bharat Petroleum Corporation (BPCL) reported a six per cent decline in its net profit for the December 2017 ended quarter, a fall led by higher expenses.

The state-run oil marketer on Friday also said the company's board of directors also declared an interim dividend of Rs 14 per equity share.

For the October-December 2017 period, BPCL reported a standalone net profit of Rs 21.43 billion, 6% lower from Rs 22.71 billion reported in the same period a year back. Total income for the quarter under review was at Rs 709.22 billion, 10% higher from Rs 646.46 billion reported in