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Oil companies seek mechanism to pass through BSVI upgrade cost

BPCL will roll out BS-VI fuels at all its outlets from March

petrol, oil, OMC, ONGC, BPCL, HPCL, Indian Oil

State-run Bharat Petroleum Corporation (BPCL) and other oil marketing companies are in informal discussions with the government for pass-through of costs incurred over upgrading to higher emission norms.  As part of India’s attempt to curb air pollution by vehicles, fuel and automobile makers have to migrate to BS-VI from BS-IV norms from April 1.  Oil companies are expected to make BS-VI fuel available to ensure a smooth transition. BPCL will roll out BS-VI fuels at all its outlets from March. “We have represented that we should be compensated ...