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    BPCL BP DEAL

    BPCL: Bharat Petroleum signs 4-month US oil purchase deal with BP, sources say

    Bharat Petroleum Corp has made a significant agreement with BP to purchase 1 million barrels per month of U.S. West Texas Intermediate crude for a four-month period, according to trade sources. The deal involves the refiner commencing the receipt of the oil starting from June.

    Jio-bp introduces premium diesel Rs 1 cheaper than PSUs

    "The new additivised diesel, available across the company's network, will yield annual savings of up to ₹1.1 lakh per vehicle to truckers owing to (up to) 4.3% improved fuel economy," the company said. The new diesel is being sold at the Jio-bp outlet in Navi Mumbai for ₹91.30 per litre, while the normal diesel at public sector pumps in the area cost ₹92.28 a litre. The about ₹1 a litre difference is across Jio-bp outlets.

    Stocks in the news: NIIT, RIL, UCO Bank, Adani Enterprises, BPCL, Axis Bank and Vedanta

    The government has cut price of natural gas by 11 per cent to $3.62 per mmBtu for difficult fields like the one operated by Reliance-BP.

    Buyout fund Apollo Global joins race for BPCL

    Submits EoI; to partner with global oil major to create consortium within 45 days of submission of offer

    BPCL privatisation: Bid closes on Monday, all eyes on Reliance

    The government, which is selling its entire 52.98 per cent stake in India's second largest oil refining and marketing company, had on four occasions extended the date of putting in the preliminary expression of interest (EoI).

    Buy BPCL, target price Rs 480: Emkay Global

    As the July 31 deadline for the submission of EoI approaches, media reports indicate that global energy majors, including RIL has shown interest in buying out BPCL.

    The Economic Times
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