BPCL plans to expand fuel retail network by two-third

Reportedly, Bharat Petroleum Corporation Limited (BPCL) is likely to expand its fuel retail network by two third in order to expand its share in the domestic fuel market. BPCL will add around 14,273 pumps. The country’s fuel retail network has expanded by 40 per cent to around 88,000 pumps over a period of five years. Moreover, it has planned a capital expenditure of Rs 1.5 trillion over a period of five years. Of the planned expenditure, about Rs 100 billion is likely to be incurred in the current financial year. Besides, one third of the planned capex is dedicated towards adding refining and petrochemicals capacity whereas around Rs 260 billion each is being planned towards upstream, city gas distribution (CGD) and marketing infrastructure.