Bharat Petroleum Corporation Ltd. (BPCL) plans to take a position ₹1.7 lakh crore over the subsequent 5 years in its core oil refining, gasoline advertising and petrochemical business and in clear power akin to hydrogen, Chairman G. Krishnakumar mentioned on Friday.
As a part of ‘Project Aspire’, a five-year strategic framework, BPCL plans to boost its oil-refining capability, increase petrochemical business and broaden its presence in cleaner gasoline area with a watch on power transition and assembly the nation’s gasoline demand, he mentioned throughout an earnings name.
Mr. Krishnakumar mentioned the expansion in demand for petrol is anticipated to be about 5% and diesel about 1.5-2%.
On worth outlook, he mentioned the expectation is costs could be within the vary of $83-87 per barrel.
Source: www.thehindu.com
