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Image Source : Energyinfra market Screenshot 2024 06 27 145932

BPCL Expects Oil Price Reductions Due to Low Fuel Margins

Last Update 22 July 2024

BPCL expects lower oil prices as refining margins drop to USD 4.10 per barrel. Its Q2 profit fell 71%, partly due to these lower margins. Saudi and discounted Russian crude are affecting BPCL’s costs, with Russian oil at 40% of its processing.

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2023

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