'
Net sales (including
other operating income) of Bharat Petroleum Corporation has declined 2.02% to
Rs 113165.87 crore.
Sales of Downstream
Petroleum segment has gone down 1.87% to Rs 127,520.13 crore (accounting for
99.98% of total sales). Sales of Exploration
& Production of Hydroca segment has gone down 20.40% to Rs 30.44 crore
(accounting for 0.02% of total sales).
MoPNG, vide letter dated 30.04.2020 had conveyed to Oil Marketing
Companies (OMCs) that where market determined price (MDP) of LPG cylinders is
less than its effective cost to customer (ECC), the OMCs will retain the
difference in a separate buffer account for future adjustment. However, as on
31st December 2024, the corporation has a cumulative net negative buffer of Rs
7,228.56 crore and accordingly the revenue from sale of LPG was reduced by this
amount.
Profit before
interest, tax and other unallocab...
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