BPCL shifts crude sourcing towards Middle East as Russian oil loses price edge
Bharat Petroleum Corporation Ltd (BPCL) tapped more into Middle Eastern crude as Russian oil lost its price advantage and also due to rising freight costs, with the shift becoming more pronounced in November, Vetsa Ramakrishna Gupta, Director (Finance), told analysts during a post-results call on Monday. “Our spot crude share remained at around 67% in…
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