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According to the senior executive at BPCL, Russian crude constituted about 25% of the overall basket in the third quarter of the previous financial year. | Photo Credit: Reuters The share of Russian crude oil in Bharat Petroleum’s overall basket has increased to about 40-41% from about 31% during quarter-ended March 2026, Vetsa Ramakrishna Gupta,…
Bharat Petroleum had indicated a year ago that it expected costs to escalate to about $3.5 to $4 billion because of the forced majeure. File | Photo Credit: Reuters Indicative of a return to normalcy, state-owned refiner Bharat Petroleum informed on Monday (November 10, 2025) that, citing the improved security situation in Mozambique, consortium partners…
Image used for representation purpose only. Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd — have not sought Russian crude in the past week or so | Photo Credit: Reuters Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S….
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