BPCL plans term contracts to export diesel as domestic growth turns negative

Public sector refiner Bharat Petroleum Corporation (BPCL) is looking for long-term contracts for diesel as the domestic diesel market in India has turned negative in the last couple of quarters. The company already exported around 200,000 tonne of diesel in September quarter.

N Vijayagopal, director finance of BPCL, said that the company is looking at signing long term-contracts to export diesel in foreign markets. “We have already started exporting diesel to the traders in Singapore and looking at other markets as well,” Vijayagopal said.