Topic
bpcl
Commodities BPCL: No discounts on Russian crude for September cargoes amid Houthi threats
Bharat Petroleum Corporation (BPCL) reported that traders have stopped offering discounts on Russian crude for September 2026 delivery, as Houthi threats in the Bab al-Mandab Strait push Brent crude past $100 per barrel. The company has secured July/August supplies and booked some September cargoes, but faces uncertainty on future discounts. BPCL also posted a consolidated net loss of Rs 1,873 crore in Q1 FY27, citing stable retail fuel prices and LPG under-recoveries.
Commodities Under-recoveries push HPCL, BPCL into losses: Times of India report highlights state-owned oil firms' financial strain
According to a Times of India article, state-owned HPCL and BPCL are being pushed into losses due to under-recoveries. The report, authored by Atul Mathur, highlights financial strain but does not provide specific figures or commodity prices.
Commodities BPCL Posts Rs 3,962 Crore Q1 Loss as High Crude Oil Prices Squeeze Fuel Margins
Bharat Petroleum Corporation Ltd (BPCL) posted a consolidated net loss of Rs 3,962.13 crore for the April-June quarter, its first loss in 15 quarters, due to elevated crude oil prices and suppressed fuel prices. The company and other oil marketing companies kept fuel prices below cost for most of the quarter despite a more than 50% surge in crude oil prices following the West Asia conflict escalation.
Commodities BPCL to shut crude units at Mumbai refinery in September for routine maintenance
Bharat Petroleum Corporation (BPCL) plans to shut a 120,000 barrels per day crude unit and secondary units at its 200,000 bpd Mumbai refinery for three to four weeks in September and October for routine maintenance, according to an industry source. The shutdown was originally scheduled for June but was delayed to meet local fuel demand.
Logistics BPCL Mumbai Refinery Shutdown to Impact Logistics
BPCL's Mumbai refinery will undergo maintenance in November, potentially impacting logistics operations and freight rates. Stakeholders should prepare for possible disruptions.