Bpcl Stake Sale: The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year.
Bpcl Stake Sale: In the current quarter, the refinery throughput was 9.35 million tonnes versus 8.82 million tonnes in Q2 of FY 22-23. Market sales were 12.19 million tonnes in Q2 FY 23-24 versus 11.44 million tonnes in Q2 of FY 22-23. Sales have grown by 6.56 %.
In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the COVID pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry, , BPCL privatisation, finance ministry, lok sabha, written reply
It argued that the various COVID-19 waves and geopolitical situations, on the other hand, had an impact on sectors around the world, particularly the oil and gas industry.