May 13, 2026

Bharat Petroleum

‘Oil cos losing Rs 1,000 crore a day’: Hike in prices imminent, hints Petroleum minister Hardeep Singh Puri | India News – The Times of India

‘Oil cos losing Rs 1,000 crore a day’: Hike in prices imminent, hints Petroleum minister Hardeep Singh Puri | India News – The Times of India

admin04 mins

NEW DELHI: Petroleum minister Hardeep Singh Puri on Tuesday said public sector oil marketing companies may not be able to sustain daily losses of Rs 1,000 crore from selling petrol and diesel below market price, in a strong indication that pump prices are set to rise in the coming days.“They’re taking a loss to insulate…

Read More
Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report – The Times of India

Bharat Petroleum, HMEL turn to Venezuelan crude as India reduces Russian oil purchases: Report – The Times of India

admin03 mins

India’s state-owned Bharat Petroleum Corp (BPCL) and private refiner HPCL Mittal Energy Ltd (HMEL) have each bought one million barrels of Venezuelan Merey crude oil, marking BPCL’s first-ever purchase and HMEL’s first in two years, according to Reuters sources on Wednesday. The deals, arranged through trader Vitol, will increase India’s Venezuelan oil imports to at…

Read More