Bharat Petroleum Corporation Limited (BPCL) has planned capital expenditure of ₹25,000 crore for FY27, compared with ₹20,400 crore spent in FY26, as per The Business Standard reports.
The company said the expenditure will mainly support refinery expansion, infrastructure upgrades, and projects currently under implementation.
The state-run oil marketing company is also working on a proposed greenfield refinery in Andhra Pradesh.
BPCL expects to complete the detailed feasibility report for the project by June. The company operates refineries in Mumbai, Kochi, and Bina.
Petrol and diesel prices have been increased by around ₹4 per litre over the past few days as global crude oil prices remained elevated. BPCL said the rise in retail fuel prices has provided some relief from pressure on marketing margins.
BPCL Chairman and Managing Director Sanjay Khanna said crude oil prices were witnessing sharp daily movements, making it difficult to estimate the exact level of under-recovery. He said the company had faced similar conditions earlier during the Russia-Ukraine conflict.
BPCL has postponed scheduled maintenance shutdowns at its refineries to September from April to ensure uninterrupted fuel supply during a period of steady demand.
In the March quarter, refinery throughput stood at 10.4 million tonnes, while capacity utilisation was reported at 118%. Domestic fuel sales rose 3.28% year-on-year to 13.86 million tonnes during the quarter.
BPCL reported consolidated net profit of ₹5,624 crore for the fourth quarter of FY26, up 28% from the corresponding period last year. Revenue from operations increased 6.3% year-on-year to ₹1.35 trillion.
Sequentially, net profit declined 21.7% due to foreign exchange losses and impairment linked to the company’s investment in a Brazil-based oil and gas project.
As of March 31, the company’s LPG under-recovery stood at ₹12,318.52 crore. BPCL received government compensation of ₹3,164.15 crore during FY26 towards LPG losses through 5 equal instalments.
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As of May 20, 2026, 12:25 pm, Bharat Petroleum Corporation Ltd (BPCL) share price was trading at ₹291.05, a 1.61% increase from the previous closing price.
BPCL reported higher year-on-year quarterly profit even as sequential earnings were affected by forex and impairment losses. The company also deferred refinery maintenance to support fuel demand.
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Published on: May 20, 2026, 1:13 PM IST
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