Petrol prices in Delhi touched a fresh high of Rs 74.08 per litre , the highest in nearly five years.
The key Indian equity markets provisionally closed higher on Thursday, tracking a similar trend in the benchmark Asian markets.
BPCL plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries said.
Three major PSU oil cos announced they would be distributing 70,000 LPG connections in the state on Apr 20 to households living Below Poverty Line.
Saudi Aramco on Wednesday signed an initial deal with a consortium of Indian refiners to build a $44 billion refinery and petrochemical project on India’s west coast.
India signed strategic partnership with Saudi Arabia to jointly build a 1.2 million barrels per day-capacity integrated refinery and petrochemicals complex in Ratnagiri.
Saudi Aramco is looking to buy a majority stake in a proposed refinery and petrochemical complex valued at 3 trillion rupees in the western Indian state of Maharashtra.
BPCL shares plunged 4.01 per cent to end at Rs 429.50 on BSE. During the day, it dropped 4.33 per cent to Rs 428.05.
President Ram Nath Kovind will pay a two-day visit to Odisha from Saturday, during which he is scheduled to attend several events in the state.
NSE Nifty was down 0.55 percent at 10,303.10 as of 0534 GMT (1104 IST). The benchmark BSE Sensex was 0.56 percent lower at 33,495.26.