
BPCL Confident in Oil Supply Stability Despite Russian Sanctions
Bharat Petroleum Corporation Limited (BPCL), India’s second-largest refiner, reassures that Russian crude supply disruptions will not impact its profitability. Director Sanjay Khanna notes that while discounts on Russian oil have decreased, BPCL has a diverse range of global suppliers. The company is also exploring partnerships for its new refinery project in Andhra Pradesh, though no firm agreements are in place yet. BPCL is committed to achieving net-zero emissions by 2040 and is expanding its renewable energy initiatives. As the energy landscape evolves, BPCL aims to transition its petrol stations into multi-fuel energy hubs.