{"id":375871,"date":"2020-09-29T11:19:00","date_gmt":"2020-09-29T05:49:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=375871"},"modified":"2020-09-29T12:01:46","modified_gmt":"2020-09-29T06:31:46","slug":"privatisation-could-unlock-tremendous-value-bpcl-cmd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/privatisation-could-unlock-tremendous-value-bpcl-cmd\/","title":{"rendered":"Privatisation could \u2018unlock tremendous value\u2019: BPCL CMD"},"content":{"rendered":"<p>Bharat Petroleum Corporation Ltd (BPCL) expects a significant improvement in gross refining margin (GRM) in the second quarter of FY20, after the state-owned oil marketing company (OMC) posted a GRM of $0.39 per barrel in the quarter ending June 2020, compared to $2.81 per barrel in the year-ago period. <\/p>\n<p>The company had posted a profit of Rs 2,076 crore despite GRM being low on the back of inventory gains from a revival in the price of crude oil from lows of around $20 per barrel in April. <\/p>\n<p>BPCL executives noted that petrol sales had reached pre-Covid levels and diesel sales are expected to reach near pre-Covid levels in two-three months. <\/p>\n<p>Meanwhile, BPCL Chairman K Padmakar said the impending privatisation of the company would likely lead to the unlocking of greater value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Petroleum Corporation Ltd (BPCL) expects a significant improvement in gross refining margin (GRM) in the second quarter of FY20, after the state-owned oil marketing company (OMC) posted a GRM of $0.39 per barrel in the quarter ending June 2020, compared to $2.81 per barrel in the year-ago period. The company had posted a profit of Rs 2,076 crore despite GRM being low on the back of inventory gains from a revival in the price of crude oil from lows of around $20 per barrel in April. BPCL executives noted that petrol sales had reached pre-Covid levels and diesel sales [&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],"tags":[],"class_list":["post-375871","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375871","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=375871"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375871\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=375871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=375871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=375871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}