21-May-2026
Corporate News
 
BPCL earmarks Rs 25,000 crore capex for FY27, finds 'respite' in fuel price hike
20-May-2026

State-run Bharat Petroleum Corporation Ltd (BPCL) plans capital expenditure of Rs 25,000 crore for the financial year 2026-27 (FY27), focused primarily on ongoing expansion projects, against spending of Rs 20,400 crore in the previous year, the company"s management told Business Standard in an interview. Impact of Fuel Price Adjustments BPCL refrained from commenting on expectations of a further increase in retail prices of petrol and diesel but said the recent Rs 4-per-litre price hike has somewhat helped ease the financial burden on the company. Oil marketing companies (OMCs) have raised retail fuel prices by roughly Rs 4 per litre in the last five days due to mounting losses amid soaring crude oil prices. "When times are so uncertain, every day there is a significant movement in crude oil prices, it's not right to say what the exact number (for under-recovery) is right now.

News Source:- https://www.rediff.com/business/report/bpcl-plans-25000-crore-capex-for-fy27-sees-relief-from-recent-fuel-price-hike/20260520.htm