Bharat Petroleum Corporation Ltd. (BPCL) plans to invest ₹1.7 lakh crore over the next five years in its core oil refining, fuel marketing and petrochemical business and in clean energy such as hydrogen, Chairman G. Krishnakumar said on Friday.
As part of ‘Project Aspire’, a five-year strategic framework, BPCL plans to raise its oil-refining capacity, augment petrochemical business and expand its presence in cleaner fuel space with an eye on energy transition and meeting the country’s fuel demand, he said during an earnings call.
Mr. Krishnakumar said the growth in demand for petrol is expected to be about 5% and diesel about 1.5-2%.
On price outlook, he said the expectation is prices would be in the range of $83-87 per barrel.
Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
