Latest news with #BharatPetroleum
Al Arabiya
09-05-2025
- Business
- Al Arabiya
Indian fuel retailers say stocks sufficient amid escalating conflict with Pakistan
Indian Oil (IOC) and Bharat Petroleum (BPCL) said on Friday that the fuel retailers have ample stocks and their supply lines were operating smoothly as the conflict between India and neighbouring Pakistan intensified. 'IndianOil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no need for panic buying—fuel and LPG is readily available at all our outlets,' IOC said in a post on X. Local media reports said panic buying broke out in parts of Punjab state, particularly in areas near the Pakistan border, where stockpiling was the most intense. 'Our supply chain operations remain robust and efficient, ensuring uninterrupted supplies,' BPCL said in a statement. Pakistan's armed forces launched multiple overnight drone and munitions attacks along India's western border on Thursday night and early Friday, the Indian army said.
Hindustan Times
09-05-2025
- Business
- Hindustan Times
'No need for panic buying' - Indian Oil & BPCL assure sufficient fuel stocks nationwide
Indian Oil and Bharat Petroleum have issued statements ensuring citizens of sufficient fuel stocks and not to panic buy given the escalated tensions between India and Pakistan (REUTERS) Oil marketing companies Indian Oil (IOCL) and Bharat Petroleum (BPCL) recently took their social media handles to assure citizens of sufficient stocks and supply lines for fuel at their respective fuel retailers. The companies said 'there is no need for panic buying," and fuel including petrol, diesel, as well as LPG is readily available at all outlets. Sufficient Fuel Stocks Nationwide The announcement comes in the wake of the ongoing conflict between India and Pakistan. The tensions have escalated in the last 24 hours with retaliatory firing from both sides. According to recent media reports, there was panic buying in parts of Punjab state, especially in areas close to the Pakistan border, where stockpiling was the most intense. In a post on X (formerly Twitter), IOCL wrote, 'Indian Oil has ample fuel stocks across the country and our supply lines are operating smoothly. There is no need for panic buying—fuel and LPG is readily available at all our outlets. Help us serve you better by staying calm and avoiding unnecessary rush. This will keep our supply lines running seamlessly and ensure uninterrupted fuel access for all." Similarly, Bharat Petroleum wrote, 'BPCL assures all citizens that sufficient stock of Petrol, Diesel, CNG, and LPG are available across our nationwide network. All our Fuel Stations and LPG Distributorships are operating smoothly and are fully equipped to meet the energy needs of consumers. There is no cause for concern or panic buying. We urge all customers to remain calm, as our supply chain operations remain robust and efficient, ensuring uninterrupted supplies." The conflict escalated on the night of May 8 when Pakistan's armed forces launched multiple overnight drone and munitions attacks on India's western border. The neighbouring country carried out the attacks after India carried out precision strikes at nine terrorist locations in Pakistan and Pakistan-occupied Kashmir. The strikes were carried out as part of Operation Sindoor in retaliation for the terrorist attack in Pehalgam, Kashmir, which killed 22 Indians, largely tourists and a local. No Need To Panic Buy As citizens, it's important to not create panic or fall into fake news. Please ensure to verify any and all reports with credible sources. Nevertheless, if you are living close to the border, it would be a good idea to fuel up your vehicle as a precautionary measure when the conditions are favourable to do so. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 09 May 2025, 14:17 PM IST
Bloomberg
07-05-2025
- Business
- Bloomberg
India's Refiners Plan to Buy More Russian Oil on Spot Market
Some Indian refiners are planning to take more Russian crude from the spot market this year, with at least one processor seeking changes to contract clauses to allow greater buying flexibility. Indian Oil Corp., the nation's biggest refiner, is planning to have a quarter of its supply made up of Russian barrels, while Bharat Petroleum Corp. wants around a third of its processed crude to be from the OPEC+ producer. Company executives made the remarks on recent calls for quarterly earnings.
Business Standard
02-05-2025
- Business
- Business Standard
Sanjay Khanna Takes Over the Additional Charge of Chairman & Managing Director of BPCL Today
NewsVoir Mumbai (Maharashtra) [India], May 2: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, and one of India's leading oil and gas companies, announced today that Sanjay Khanna has assumed additional charge as the Chairman and Managing Director of the company. Currently he serves as the Director (Refineries) in the company. A Chemical Engineering graduate from National Institute of Technology, Tiruchirapalli and Postgraduate in Finance Management from Mumbai University, he has over 3 decades of experience in refinery operations and technical services. He anchored several prestigious projects for setting up new process units in Refineries at Mumbai, Kochi and Numaligarh. Prior to becoming Director (Refineries) he headed Kochi and Mumbai Refineries of BPCL. As executive Director of Kochi Refinery, he played a key role in commissioning the first 'Niche Petrochemical' project of BPCL, Propylene Derivative Petrochemical Project (PDPP). Sanjay Khanna also serves as a Director on the Boards of Bharat Petro Resources Limited and Ratnagiri Refinery and Petrochemicals Limited. Additionally, Khanna is also the current Chairperson of 'Technical Committee for petroleum Refineries' under Ministry of Petroleum and Natural Gas (MoPNG) Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the club of companies having greater operational & financial autonomy. Bharat Petroleum's Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, fuel stations, aviation service stations and LPG distributors. Its distribution network comprises over 23,500+ Fuel Stations, over 6,200+ LPG distributorships, 500+ Lubes distributorships, 80 POL storage locations, 54 LPG Bottling Plants, 79 Aviation Service Stations, 5 Lube blending plants and 5 cross-country pipelines. Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has Electric vehicle charging stations at 6500+ Fuel Stations. With a focus on sustainable solutions, the company is developing an ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting several initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With 'Energising Lives' as its core purpose, Bharat Petroleum's vision is to be an admired global energy company leveraging talent, innovation & technology.
Business Standard
02-05-2025
- Business
- Business Standard
Raj Kumar Dubey has Taken Over the Additional Charge Director (Marketing) of BPCL
NewsVoir Mumbai (Maharashtra) [India], May 2: Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, and one of India's leading oil and gas companies, announced today that Raj Kumar Dubey has taken over the additional charge of Director (Marketing) of the company. Currently Raj Kumar Dubey serves as the Director (HR) on the board of BPCL. With a distinguished career spanning over 35 years in business and human capital development, Dubey is an alumnus of NIT Allahabad with a degree in Mechanical Engineering and has also acquired Masters of Business Administration from International Centre for Promotion of Enterprises, Ljubljana, Slovenia. Fortune Global 500 Company, Bharat Petroleum is the second largest Indian Oil Marketing Company and one of the integrated energy companies in India, engaged in refining of crude oil and marketing of petroleum products, with presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the club of companies having greater operational & financial autonomy. Bharat Petroleum's Refineries at Mumbai, Kochi and Bina have a combined refining capacity of around 35.3 MMTPA. Its marketing infrastructure includes a network of installations, depots, fuel stations, aviation service stations and LPG distributors. Its distribution network comprises over 23,500+ Fuel Stations, over 6,200+ LPG distributorships, 500+ Lubes distributorships, 80 POL storage locations, 54 LPG Bottling Plants, 79 Aviation Service Stations, 5 Lube blending plants and 5 cross-country pipelines. Bharat Petroleum is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. The company has Electric vehicle charging stations at 6500+ Fuel Stations. With a focus on sustainable solutions, the company is developing an ecosystem and a road-map to become a Net Zero Energy Company by 2040, in Scope 1 and Scope 2 emissions. Bharat Petroleum has been partnering communities by supporting several initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building and employee volunteering. With 'Energising Lives' as its core purpose, Bharat Petroleum's vision is to be an admired global energy company leveraging talent, innovation & technology.
