BPCL plans to expand fuel retail network by two-third

Bharat Petroleum Corporation Limited (BPCL) is likely to expand its fuel retail network by two-thirds in order to increase its share in the domestic fuel market. It will add around 14,273 pumps. Moreover, the company 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 and around Rs 260 billion each is being planned towards upstream, city gas distribution (CGD) and marketing infrastructure.