Bharat Petroleum Corporation (BPCL) is confident of meeting the new government target of blending 10 percent biofuel with petrol by 2022 with the latest addition of maze to the list of feedstock for the green fuel. State-run oil marketers are required to blend 10 percent ethanol in petrol under the national policy on biofuels 2018 by 2022 and 20 percent by 2030. But so far this has not been moving at scale as surplus sugarcane was not easily available and the blending is only 5 percent now.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1362.60 |
| Indian Oil Corp. | 147.00 |
| BPCL | 316.00 |
| HPCL | 379.20 |
| MRPL | 180.00 |
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