{"id":356599,"date":"2020-06-10T12:06:45","date_gmt":"2020-06-10T06:36:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356599"},"modified":"2020-06-10T12:27:21","modified_gmt":"2020-06-10T06:57:21","slug":"fuel-sales-may-reach-normal-level-by-july-n-vijayagopal-director-finance-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-sales-may-reach-normal-level-by-july-n-vijayagopal-director-finance-bpcl\/","title":{"rendered":"Fuel sales may reach normal level by July: N Vijayagopal, director-finance, BPCL"},"content":{"rendered":"<p>State-run oil refiner-cum-marketer BPCL suffered both high inventory and forex losses in Q4FY20 amid a gloomy demand scenario. While the lockdown hit sales hard in April, there has been a steady improvement in demand for auto fuels since early May. N Vijayagopal, director-finance at BPCL, told Vikas Srivastava the company expects sales to reach normal levels by July, with the progressive easing of the lockdown. Excerpts: <\/p>\n<p>Was the inventory loss for Q4FY20 an impact of 6-7 days\u2019 lockdown or was it already in the making? <\/p>\n<p>Our industry has a certain working capital cycle. We have to contract for buying crude oil, that has to be voyaged for 7-21 days depending on the destinations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run oil refiner-cum-marketer BPCL suffered both high inventory and forex losses in Q4FY20 amid a gloomy demand scenario. While the lockdown hit sales hard in April, there has been a steady improvement in demand for auto fuels since early May. N Vijayagopal, director-finance at BPCL, told Vikas Srivastava the company expects sales to reach normal levels by July, with the progressive easing of the lockdown. Excerpts: Was the inventory loss for Q4FY20 an impact of 6-7 days\u2019 lockdown or was it already in the making? Our industry has a certain working capital cycle. We have to contract for buying crude [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-356599","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356599"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356599\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}