BPCL posts profit on lower crude

May 28, 2010 - Age Correspondent |

mumbai

Lower price of crude oil has helped oil marketing major Bharat Petroleum post better numbers for FY10, even as the government cut subsidy support to the firm.
BPCL recorded a net profit of Rs 1,720 crore for FY10 versus a net profits of Rs 724 crore in the year before. Profits for the fourth quarter were lower during FY09 as bulk o

f the government’s subsidy was awarded in the fourth quarter.
The net sales stood at Rs 123,817 crore — down nine per cent from the previous year. The drop in sales is because the price of petroleum products has dropped in line with the crude oil prices.

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