BPCL flags another fuel-price hike if crude holds near $95 a barrel
The state-run fuel retailer faces price-revision pressure above $80 a barrel after May increases of ₹7.38 per litre for petrol and ₹7.52 for diesel. BPCL is deferring refinery maintenance and pursuing US supply to protect domestic availability, while seeking support for LPG under-recoveries.
What happened
Bharat Petroleum Corporation Ltd. (BPCL) · BPCL may raise Indian petrol and diesel prices again if crude remains above current levels near $95 a barrel. The
Key facts
- Crude oil around $95 per barrel, up from about $72 at the start of the month
- Further price-revision stress above $80 per barrel
- Q1FY27 loss: ₹1,873 crore
- May petrol price increase: ₹7.38 per litre
- May diesel price increase: ₹7.52 per litre
- LPG under-recovery as of June 30: ₹15,803 crore
- Proposed US term supply: 2 million barrels annually
- Prior LPG-loss grants: ₹22,000 crore in 2022-23 and ₹30,000 crore in 2023-24
Why this matters
Elevated crude reinforces the strategic value of supply-security, refining-flexibility, and fuel-efficiency partnerships, particularly around US sourcing and logistics assets.
Also reported by
- Business Standard · Companies — 2h after first sighting