Bharat Petroleum Corporation (BPCL) has purchased additional 2 million barrels of crude oil from Saudi Arabia for loading in April. This development came after Saudi Arabia reduced selling price and announced plans to raise output to record 12.3 million barrels per day (bpd). Moreover, the company is also exploring buying additional oil from United Arab Emirates.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.