For Quick Alerts
For Daily Alerts

BPCL all set to meet deregulated diesel market

By Religare

Government-owned Bharat Petroleum Corporation (BPCL) is all set to meet the deregulation of diesel prices which are about to come in the next 12-18 months when diesel prices will no longer be subsidized.

The company as the part of its plan has thought of strengthening critical infrastructure such as pipelines to keep costs in check. It has planned to keep the overhead costs low,in order to compete with the rivals, said the media report.


"It is in our genes to compete. We love competition and need to gear up to take on new rivals," R.K. Singh, Chairman and Managing Director of BPCL, told media.

Moreover, the company is expanding the capacity of its Kochi Refinery and the pipeline to Karur is now being extended to Bangalore.

Likewise, the Kota network, for products from the Bina refinery, will be extended a further 300 km to Jobner in Rajasthan. Then there is an LPG pipeline from Kochi to Coimbatore.

The second initiative in a free-pricing environment relates to service standards at retail outlets and brand images which, along with a convenient location, will go a long way in attracting customers, said the reports.

Read more about: bharat petroleum corporation
Story first published: Friday, May 24, 2013, 23:37 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more