BPCL seeks LPG via term deal and spot gasoline in rare move

BPCL seeks LPG via term deal and spot gasoline in rare move

Indian Bharat Petroleum Corp Ltd is seeking liquefied petroleum gas (LPG) through a term contract and gasoline via a spot deal in a rare move as it looks to plug a supply gap, an industry source who tracks oil products said on Thursday.

Next step to clean fuel

Next step to clean fuel

Recently, there has been a considerable reduction in the prices of non-subsidised LPG cylinders. Unless LPG subsidies suffer from extreme mis-targeting, it should rather be the price on the subsidised market that matters for the poor.

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