Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Bharat Petroleum Corporation Limited
  6. News
  7. Summary
    BPCL   INE029A01011

BHARAT PETROLEUM CORPORATION LIMITED

(BPCL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

India's diesel sales fall in October, data shows

10/17/2021 | 02:10pm EST
FILE PHOTO: FILE PHOTO: A worker fills diesel in a container at a fuel station in Kolkata

NEW DELHI (Reuters) - India's gasoil consumption fell in the first half of October from the same period in the previous year, preliminary sales data showed.

Diesel sales by the country's state fuel retailers came in at 2.4 million tonnes during Oct. 1-15, a decline of about 9.2% from last year and down 0.9% from the same period in 2019, the data showed.

State retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp Ltd own about 90% of the country's retail fuel outlets.

Sales of gasoil, which accounts for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy.

In contrast, gasoline sales stayed above the pre-COVID levels at 1.05 million tonnes as people continued to prefer using personal vehicles over public transport for safety reasons.

India has not yet fully opened its public transport sector, which mostly uses diesel.

October gasoline sales were up 8.3% from the same period in 2019 and rose by 2% from September, the data showed.

Below is a table of India' preliminary fuel sales data with volumes in thousand tonnes.

Refined Fuel Oct. %chg from %chg %chg vs

1-15 Sept 1-15 yr/yr Oct 2019

Gasoline 1046.42 2 6.3 8.3

Gasoil 2413.36 14.5 -9.2 -0.9

Jet Fuel 200.76 10.6 24.8 -36.5

Liquefied Petroleum Gas 1117.51 -3.2 -4.1 2.5

(Writing by Sudarshan Varadhan; Editing by Emelia Sithole-Matarise)

By Nidhi Verma


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARAT PETROLEUM CORPORATION LIMITED 0.86% 391.15 Delayed Quote.1.76%
HINDUSTAN PETROLEUM CORPORATION LIMITED -0.76% 301.75 Delayed Quote.39.54%
INDIAN OIL CORPORATION LIMITED -0.17% 120.4 Delayed Quote.32.60%
All news about BHARAT PETROLEUM CORPORATION LIMITED
12/03Indian Indices Erase Two-Day Gains on Friday; Power Grid Corporation of India Slumps 4%
MT
12/03Indian shares end lower on Omicron uncertainty, Reliance drag
RE
12/03Indian shares surrender early gains on Omicron worries
RE
12/02Indian shares climb on energy, pharma boost; Omicron worries weigh
RE
12/01India's Nov gasoil sales growth slows m/m - prelim data
RE
11/29Indian Benchmarks Open the Week in Green; Kotak Mahindra Bank Jumps 3%
MT
11/23Indian refiners' October crude processing up over 11%
RE
11/18India's economic advisory council expects it to grow 7%-7.5% in 2022/23
RE
11/17Indian govt aims to privatise 5-6 state-owned companies in 2021/22
RE
11/16India's gasoil demand dips in first half of November - data
RE
More news
Analyst Recommendations on BHARAT PETROLEUM CORPORATION LIMITED
More recommendations
Financials
Sales 2022 3 330 B 44 114 M 44 114 M
Net income 2022 92 934 M 1 231 M 1 231 M
Net Debt 2022 442 B 5 862 M 5 862 M
P/E ratio 2022 8,50x
Yield 2022 4,83%
Capitalization 841 B 11 151 M 11 145 M
EV / Sales 2022 0,39x
EV / Sales 2023 0,39x
Nbr of Employees 9 251
Free-Float 45,2%
Chart BHARAT PETROLEUM CORPORATION LIMITED
Duration : Period :
Bharat Petroleum Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BHARAT PETROLEUM CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 387,80 INR
Average target price 540,90 INR
Spread / Average Target 39,5%
EPS Revisions
Managers and Directors
Arun Kumar Singh Chairman & Managing Director
Ramakrishna Gupta Vetsa CFO, Finance Director, Director & Head-Treasury
P. Anilkumar Executive Director-Information Systems
Ravikumar V. Chief General Manager-Research & Development
Chacko M. Jose Chief General Manager-Kochi Refinery Operations
Sector and Competitors
1st jan.Capi. (M$)
BHARAT PETROLEUM CORPORATION LIMITED1.76%11 151
EXXON MOBIL CORPORATION51.07%263 624
CHEVRON CORPORATION39.63%227 313
RELIANCE INDUSTRIES LTD19.00%200 676
BP PLC33.77%91 192
CHINA PETROLEUM & CHEMICAL CORPORATION6.63%75 589