The Russia-Ukraine war and high energy prices are contributing immensely to profit of energy firms. Energy giant British Petroleum has reported a record profit of 28 billion dollars in 2022.

Energy firm BP's profits double to $27.7 billion

India's state-run Oil &amp; Gas explorer and producer 'Bharat Petroleum' aims to convert 7,000 of its conventional retail outlets into energy stations providing multiple fuelling options. In the medium to long term, this will also include the facility to charge electric vehicles (EVs).

The Fortune Global 500 company plans to provide EV charging stations of CCS-2 standard at its fuel pumps at periodic intervals on all major national highways connecting major cities and economic centres in the country.

As part of this initiative, Bharat Petroleum Corporation Limited (BPCL) has already set up 25 kilowatts, EV fast-charging corridors in the southern part of India.

The first phase comprised the Chennai-Trichy-Madurai route in Tamil Nadu and the second phase is implemented on the highway connecting Bangalore-Chennai and Bangalore-Mysore-Coorg route.&nbsp;

Speaking at the launch of the EV Fast-Charging Corridors, PS Ravi, executive director in-charge (retail), BPCL said, “The growth of Indian electric vehicle market has been significant over the years and the launch of our EV fast-charging corridors on the Bangalore-Chennai Highway and Bangalore-Mysore-Coorg Highway is aligned with India’s EV dream of transitioning to cleaner alternatives."

"Our leading edge in providing “superior” solution and experiences will serve our EV customers along the two new corridors and will provide a 'Pure for Sure' experience in this exciting journey of electric mobility," added Ravi.&nbsp;

The fast chargers follow the CCS-2 protocol and are strategically located at nine of its fuel stations with an approximate distance of 100 km on both sides of the aforementioned routes.

According to the company, the 25 kW fast charger will enable customers to charge their EVs in about 30 minutes and thereby gain a travel range of up to 125 km. The fast charger can be self-operated without any manual assistance. However, support staff help will be available, if and when needed.

WATCH WION LIVE HERE:&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

India's state-run Oil & Gas explorer and producer 'Bharat Petroleum' aims to convert 7,000 of its conventional retail outlets into energy stations providing multiple fuelling options.

India's state-run Oil & Gas explorer and producer 'Bharat Petroleum' aims to convert 7,000 of its conventional retail outlets into energy stations providing multiple fuelling options. In the medium to long term, this will also include the facility to charge electric vehicles (EVs). The Fortune Global 500 company plans to provide EV charging stations of CCS-2 standard at its fuel pumps at periodic intervals on all major national highways connecting major cities and economic centres in the country. As part of this initiative, Bharat Petroleum Corporation Limited (BPCL) has already set up 25 kilowatts, EV fast-charging corridors in the southern part of India. The first phase comprised the Chennai-Trichy-Madurai route in Tamil Nadu and the second phase is implemented on the highway connecting Bangalore-Chennai and Bangalore-Mysore-Coorg route. Speaking at the launch of the EV Fast-Charging Corridors, PS Ravi, executive director in-charge (retail), BPCL said, “The growth of Indian electric vehicle market has been significant over the years and the launch of our EV fast-charging corridors on the Bangalore-Chennai Highway and Bangalore-Mysore-Coorg Highway is aligned with India’s EV dream of transitioning to cleaner alternatives." "Our leading edge in providing “superior” solution and experiences will serve our EV customers along the two new corridors and will provide a 'Pure for Sure' experience in this exciting journey of electric mobility," added Ravi. The fast chargers follow the CCS-2 protocol and are strategically located at nine of its fuel stations with an approximate distance of 100 km on both sides of the aforementioned routes. According to the company, the 25 kW fast charger will enable customers to charge their EVs in about 30 minutes and thereby gain a travel range of up to 125 km. The fast charger can be self-operated without any manual assistance. However, support staff help will be available, if and when needed. WATCH WION LIVE HERE:

India: State-run 'Bharat Petroleum' aims to offer EV charging at 7000 fuel stations across country

India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports. It comes at a time when the southern island country is facing its worst-ever economic crisis, which has resulted in a shortage of foreign currency, aviation fuel, food, fertilizers, etc.&nbsp;

In an update released on social media, Bharat Petroleum revealed that more than 100 Sri Lankan airlines flights were refuelled so far at airports in India's southern cities of Thiruvananthapuram, Chennai and Kochi.&nbsp;

"These refuelling has been done over the last fortnight by mobilising the assets and manpower for the on-time service, at very short notice. We have been associated with <a href="https://twitter.com/flysrilankan" target="_blank">@flysrilankan</a> for over a decade, as their refuelling partners." added the tweet.&nbsp;

Responding to the same, Sri Lankan Airlines tweeted, thanking the Indian state-run oil company and added that they truly value the partnership.&nbsp;&nbsp;

Since the crippling economic crisis began in Sri Lanka in March 2022, the Government of India has been at the forefront of helping Sri Lanka by providing financial aid, fuel, and crucial support at international fora.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
United with Sri Lanka! 
 
We are pleased to support SriLankan Airlines, with refueling of their long-haul flights at Indian airports, to overcome the Jet Fuel shortage in their country. So far, more than 100 flights have been refueled at <a href="https://twitter.com/hashtag/Trivandrum?src=hash&amp;ref_src=twsrc%5Etfw">#Trivandrum</a>, <a href="https://twitter.com/hashtag/Chennai?src=hash&amp;ref_src=twsrc%5Etfw">#Chennai</a> &amp; <a href="https://twitter.com/hashtag/Kochi?src=hash&amp;ref_src=twsrc%5Etfw">#Kochi</a> airports. <a href="https://t.co/bvceulRDtx">pic.twitter.com/bvceulRDtx</a>
— Bharat Petroleum (@BPCLimited) <a href="https://twitter.com/BPCLimited/status/1545038698567192580?ref_src=twsrc%5Etfw">July 7, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

As the most proximate Indian state to Sri Lanka and one that shares linguistic and cultural ties with the Tamils in Lanka, the Tamil Nadu government has also been sending, via the Indian High Commission in Colombo, ship-loads of food, medicines and milk powder, providing temporary succour to the people of the island nation.&nbsp;

Over the last couple of months, more than 100 Lankan nationals have fled the crippling economic country and taken refuge on Indian shores. A group of eight Lankan Tamils, including a one-and-a-half-year-old child, was among those that arrived at Rameswaram, Tamil Nadu, during the wee hours of Tuesday.

As a standard procedure, the foreign nationals are first questioned by authorities and then moved to a camp meant for accommodating Lankan nationals who reach India illegally.

Many Lankans have also purchased bicycles for their daily commute, as automotive fuels for their vehicles are hard to get and the long wait for fuel could be several days long.

India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports.

India's state-run oil and gas explorer and producer Bharat Petroleum has refuelled more than 100 aircraft of Sri Lankan airlines, which had a long haul at Indian airports. It comes at a time when the southern island country is facing its worst-ever economic crisis, which has resulted in a shortage of foreign currency, aviation fuel, food, fertilizers, etc. In an update released on social media, Bharat Petroleum revealed that more than 100 Sri Lankan airlines flights were refuelled so far at airports in India's southern cities of Thiruvananthapuram, Chennai and Kochi. "These refuelling has been done over the last fortnight by mobilising the assets and manpower for the on-time service, at very short notice. We have been associated with @flysrilankan for over a decade, as their refuelling partners." added the tweet. Responding to the same, Sri Lankan Airlines tweeted, thanking the Indian state-run oil company and added that they truly value the partnership. Since the crippling economic crisis began in Sri Lanka in March 2022, the Government of India has been at the forefront of helping Sri Lanka by providing financial aid, fuel, and crucial support at international fora. United with Sri Lanka! We are pleased to support SriLankan Airlines, with refueling of their long-haul flights at Indian airports, to overcome the Jet Fuel shortage in their country. So far, more than 100 flights have been refueled at #Trivandrum, #Chennai & #Kochi airports. pic.twitter.com/bvceulRDtx — Bharat Petroleum (@BPCLimited) July 7, 2022 × As the most proximate Indian state to Sri Lanka and one that shares linguistic and cultural ties with the Tamils in Lanka, the Tamil Nadu government has also been sending, via the Indian High Commission in Colombo, ship-loads of food, medicines and milk powder, providing temporary succour to the people of the island nation. Over the last couple of months, more than 100 Lankan nationals have fled the crippling economic country and taken refuge on Indian shores. A group of eight Lankan Tamils, including a one-and-a-half-year-old child, was among those that arrived at Rameswaram, Tamil Nadu, during the wee hours of Tuesday. As a standard procedure, the foreign nationals are first questioned by authorities and then moved to a camp meant for accommodating Lankan nationals who reach India illegally. Many Lankans have also purchased bicycles for their daily commute, as automotive fuels for their vehicles are hard to get and the long wait for fuel could be several days long.

India's Bharat Petroleum refuels more than 100 SL Airlines flights amid fuel crisis 

<a href="https://www.wionews.com/business-economy/indian-shares-slip-on-year-end-profit-booking-nifty-set-for-13-jump-in-2019-271230">Indian shares</a> rose on Thursday, as crude prices steadied after US-Iran tensions appeared to ebb, bringing relief to the world's No. 3 oil consumer.

Global markets have closely tracked any escalations in the conflict over the US&nbsp;killing of an Iranian general last week, due to fears of disruption to oil supplies, which sent crude prices soaring this week, and the rupee and Indian equities lower.

Broader Asian shares also rebounded on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent, as did Hong Kong's Hang Seng and Shanghai blue chips, reversing Wednesday's losses.

The <a href="https://www.wionews.com/business-economy/nifty-sensex-inch-lower-zee-top-gainer-in-nifty-50-263548">NSE Nifty 50 </a>index climbed 1.09 per cent&nbsp;to 12,156.50 by 0403 GMT, while the benchmark S&amp;P BSE Sensex was 1.07 per cent&nbsp;higher at 41,256.14. The Nifty index ended lower on Wednesday, see-sawing between a higher and lower close for each session this week.

"Nothing materially came beside the sanction because of which crude has corrected a lot. That is something which is beneficial for emerging markets and India specifically," said Neeraj Dewan, director at Quantum Securities in New Delhi.

US&nbsp;President <a href="https://www.wionews.com/business-economy/global-stocks-rattled-after-donald-trump-says-no-deadline-on-us-china-trade-deal-266025">Donald Trump</a> on Wednesday tempered days of angry rhetoric and suggested Iran was "standing down" after it fired missiles at US&nbsp;forces in Iraq overnight, as both sides looked to defuse the crisis.

Brent crude futures rose 55 cents, or 0.8 per cent, to $65.99 a barrel by 0109 GMT after tumbling 4.1 per cent&nbsp;on Wednesday.

Among major gainers on Nifty, shares of <a href="https://www.wionews.com/business-economy/sensex-nifty-close-higher-as-federal-chief-rekindles-rate-cut-hopes-234968">JSW Steel Ltd</a> gained 3.8 per cent&nbsp;and those of Bharti Infratel Ltd rose 4.9 per cent.

Oil marketing companies <a href="https://www.wionews.com/business-economy/india-to-offload-bharat-petroleum-in-state-stake-sell-off-263518">Bharat Petroleum Corp Ltd</a> and Indian Oil Corporation Ltd rose 1.6 per cent&nbsp;and 1.8 per cent, respectively.

Infosys Ltd rose 0.8 per cent ahead of its quarterly earnings on Friday.

Indian shares rose on Thursday, as crude prices steadied after US-Iran tensions appeared to ebb, bringing relief to the world's No. 3 oil consumer. Global markets have closely tracked any escalations in the conflict over the US killing of an Iranian general last week, due to fears of disruption to oil supplies, which sent crude prices soaring this week, and the rupee and Indian equities lower.

Indian shares rose on Thursday, as crude prices steadied after US-Iran tensions appeared to ebb, bringing relief to the world's No. 3 oil consumer. Global markets have closely tracked any escalations in the conflict over the US killing of an Iranian general last week, due to fears of disruption to oil supplies, which sent crude prices soaring this week, and the rupee and Indian equities lower. Broader Asian shares also rebounded on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 per cent, as did Hong Kong's Hang Seng and Shanghai blue chips, reversing Wednesday's losses. The NSE Nifty 50 index climbed 1.09 per cent to 12,156.50 by 0403 GMT, while the benchmark S&P BSE Sensex was 1.07 per cent higher at 41,256.14. The Nifty index ended lower on Wednesday, see-sawing between a higher and lower close for each session this week. "Nothing materially came beside the sanction because of which crude has corrected a lot. That is something which is beneficial for emerging markets and India specifically," said Neeraj Dewan, director at Quantum Securities in New Delhi. US President Donald Trump on Wednesday tempered days of angry rhetoric and suggested Iran was "standing down" after it fired missiles at US forces in Iraq overnight, as both sides looked to defuse the crisis. Brent crude futures rose 55 cents, or 0.8 per cent, to $65.99 a barrel by 0109 GMT after tumbling 4.1 per cent on Wednesday. Among major gainers on Nifty, shares of JSW Steel Ltd gained 3.8 per cent and those of Bharti Infratel Ltd rose 4.9 per cent. Oil marketing companies Bharat Petroleum Corp Ltd and Indian Oil Corporation Ltd rose 1.6 per cent and 1.8 per cent, respectively. Infosys Ltd rose 0.8 per cent ahead of its quarterly earnings on Friday.

Sensex, Nifty surge as easing Middle East tensions steady crude prices

India&nbsp;has agreed to&nbsp;sell&nbsp;stakes in five&nbsp;state-run companies, including oil refiner&nbsp;<a href="https://www.wionews.com/business-economy/sensex-closes-in-the-green-at-40345-nifty-bank-gains-by-12-per-cent-261425">Bharat&nbsp;Petroleum&nbsp;Corp </a>(BPCL), finance minister <a href="https://www.wionews.com/india-news/indias-state-run-banks-report-frauds-of-more-than-13-billion-in-six-months-finance-minister-263160">Nirmala Sitharaman </a>said on Wednesday, a move that could help bridge a widening fiscal gap.

Prime Minister <a href="https://www.wionews.com/india-news/aap-protests-in-parliament-demands-inclusion-of-bill-on-unauthorised-colonies-in-winter-session-263360">Narendra Modi</a>'s government has also approved the sale of holdings in logistics firm Container Corp of&nbsp;India&nbsp;Ltd and Shipping Corp of&nbsp;India, Sitharaman told reporters after a cabinet meeting.

India&nbsp;has set a target of raising 1.05 trillion rupees ($14.6 billion) through the sale of&nbsp;state&nbsp;stakes in companies by March 2020. It has reached 173.64 billion rupees since April by&nbsp;selling minority&nbsp;stakes in government companies.

Watch: Indian government to&nbsp;divest stake in BPCL&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/indian-government-to-divest-stake-in-bpcl-263488/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The government owns 63.75 per cent&nbsp;of Shipping Corp and a&nbsp;stake&nbsp;of 53.29 per cent&nbsp;in&nbsp;India's second-biggest&nbsp;state&nbsp;refiner BPCL, which industry sources estimate could fetch $8 billion to $10 billion.

Sitharaman said management control of BPCL's subsidiary, Numaligarh Refinery Ltd (NRL), in the eastern&nbsp;Indian&nbsp;state&nbsp;of Assam, will be given to another oil company for consolidation.

India, which has already announced a plan to&nbsp;sell&nbsp;national carrier Air&nbsp;India, faces tax shortfalls of around 2 trillion rupees in the current fiscal year, making the&nbsp;stake&nbsp;sales critical to relieving the deficit.

Modi's government has set a fiscal deficit target of 3.3 per cent&nbsp;of gross domestic product (GDP) for the current year, but economists and government sources say this is likely to slip to around 3.8 per cent.

New Delhi also plans to&nbsp;offload&nbsp;stakes in Tehri Hydro Development Corporation&nbsp;India&nbsp;Ltd (THDCIL) and North Eastern Electric Power Corp Ltd (NEEPCO), which the government plans to hand over to&nbsp;state-run power producer NTPC.

India&nbsp;plans to invite international energy firms to participate in the privatisation of&nbsp;state-owned oil companies, oil minister Dharmendra Pradhan said last week.

Separately, the cabinet approved the import of 1.2 million tonnes of onions to curb local price rises, as well as a two-year moratorium for telecom companies to pay their spectrum dues.

India has agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), finance minister Nirmala Sitharaman said on Wednesday, a move that could help bridge a widening fiscal gap.

India has agreed to sell stakes in five state-run companies, including oil refiner Bharat Petroleum Corp (BPCL), finance minister Nirmala Sitharaman said on Wednesday, a move that could help bridge a widening fiscal gap. Prime Minister Narendra Modi's government has also approved the sale of holdings in logistics firm Container Corp of India Ltd and Shipping Corp of India, Sitharaman told reporters after a cabinet meeting. India has set a target of raising 1.05 trillion rupees ($14.6 billion) through the sale of state stakes in companies by March 2020. It has reached 173.64 billion rupees since April by selling minority stakes in government companies. Watch: Indian government to divest stake in BPCL The government owns 63.75 per cent of Shipping Corp and a stake of 53.29 per cent in India's second-biggest state refiner BPCL, which industry sources estimate could fetch $8 billion to $10 billion. Sitharaman said management control of BPCL's subsidiary, Numaligarh Refinery Ltd (NRL), in the eastern Indian state of Assam, will be given to another oil company for consolidation. India, which has already announced a plan to sell national carrier Air India, faces tax shortfalls of around 2 trillion rupees in the current fiscal year, making the stake sales critical to relieving the deficit. Modi's government has set a fiscal deficit target of 3.3 per cent of gross domestic product (GDP) for the current year, but economists and government sources say this is likely to slip to around 3.8 per cent. New Delhi also plans to offload stakes in Tehri Hydro Development Corporation India Ltd (THDCIL) and North Eastern Electric Power Corp Ltd (NEEPCO), which the government plans to hand over to state-run power producer NTPC. India plans to invite international energy firms to participate in the privatisation of state-owned oil companies, oil minister Dharmendra Pradhan said last week. Separately, the cabinet approved the import of 1.2 million tonnes of onions to curb local price rises, as well as a two-year moratorium for telecom companies to pay their spectrum dues.

India to offload Bharat Petroleum in state stake sell-off

Indian Oil Corp Ltd,&nbsp;the country's top refiner, posted an 82.7 per cent slump in second-quarter profit on Thursday, missing estimates widely, due to higher inventory losses and lower refining margins.

Net profit was at 5.63 billion rupees&nbsp;in the quarter ended September&nbsp;30, compared with 32.47 billion rupees a year earlier, state-owned IOC said in a filing.

Quarterly results were impacted due to inventory losses in the three months ended September&nbsp;30 against inventory gains year ago, company chairman Sanjiv Singh said.

September quarter inventory losses stood at 18.07 billion rupees, against a gain of 28.95 billion rupees year ago.

International crude prices&nbsp;fell 8.7 per cent during the quarter ended September&nbsp;30, while the refiner bought the commodity at a much higher price.

Average gross refining margin - the difference between the cost of crude oil processed and the prices of refined products - shrank to $1.28 per barrel for the July-Sept period from $6.79 per barrel a year earlier.

Singh said GRMs were impacted due to lower product margins.

Indian retail prices for gasoline and gas oil are linked to their respective benchmarks in Singapore and the Arab Gulf.

Analysts on average had expected a profit of 39.71 billion rupees, according to Refinitiv data.

Revenue from operations fell 13.2 per cent&nbsp;to 1.32 trillion rupees.

IOC, along with its subsidiary Chennai Petroleum controls about a third of India's 5 million barrels per day refining capacity.

Fuel demand in the world's third-largest consumer fell to its lowest in more than two years in September, data from the Petroleum Planning and Analysis Cell (PPAC) showed.

Recently, Indian government relaxed rules for setting up fuel stations in the country after a gap of 17 years, opening the sector to non-energy companies, which has been dominated by state refiners - Indian Oil Corp, Bharat Petroleum Corp&nbsp;and Hindustan Petroleum Corp.

Singh said new rules will enhance competition in the market and benefit consumers.

Indian Oil Corp Ltd, the country's top refiner, posted an 82.7 per cent slump in second-quarter profit on Thursday, missing estimates widely, due to higher inventory losses and lower refining margins.

Indian Oil Corp Ltd, the country's top refiner, posted an 82.7 per cent slump in second-quarter profit on Thursday, missing estimates widely, due to higher inventory losses and lower refining margins. Net profit was at 5.63 billion rupees in the quarter ended September 30, compared with 32.47 billion rupees a year earlier, state-owned IOC said in a filing. Quarterly results were impacted due to inventory losses in the three months ended September 30 against inventory gains year ago, company chairman Sanjiv Singh said. September quarter inventory losses stood at 18.07 billion rupees, against a gain of 28.95 billion rupees year ago. International crude prices fell 8.7 per cent during the quarter ended September 30, while the refiner bought the commodity at a much higher price. Average gross refining margin - the difference between the cost of crude oil processed and the prices of refined products - shrank to $1.28 per barrel for the July-Sept period from $6.79 per barrel a year earlier. Singh said GRMs were impacted due to lower product margins. Indian retail prices for gasoline and gas oil are linked to their respective benchmarks in Singapore and the Arab Gulf. Analysts on average had expected a profit of 39.71 billion rupees, according to Refinitiv data. Revenue from operations fell 13.2 per cent to 1.32 trillion rupees. IOC, along with its subsidiary Chennai Petroleum controls about a third of India's 5 million barrels per day refining capacity. Fuel demand in the world's third-largest consumer fell to its lowest in more than two years in September, data from the Petroleum Planning and Analysis Cell (PPAC) showed. Recently, Indian government relaxed rules for setting up fuel stations in the country after a gap of 17 years, opening the sector to non-energy companies, which has been dominated by state refiners - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp. Singh said new rules will enhance competition in the market and benefit consumers.

Indian Oil profit tanks 83% as refining margins shrink

As tensions with Pakistan escalated, Indian oil companies have put in motion a "very strong plan" including moving a convoy of 500 trucks to ensure uninterrupted fuel supplies to all defence and strategic assets, top officials said Wednesday.

Tanks feeding defence establishment in forwarding areas along the border with Pakistan are all "topped up" and have enough fuel to meet any eventuality, they said.

Oil companies had topped up all storages in Jammu and Kashmir and other forward areas before the Tuesday's pounding of a terrorist camp inside Pakistan as retaliation to Jaish-e-Mohammed operative killing 40 paramilitary personnel in a suicide car bombing in Kashmir on February 14.

And now, as many as 500 oil tankers are being moved to the state and other forward locations to stock up jet fuel (ATF), diesel and other petroleum products for ensuring fuel supplies beyond the 10-day stock firms generally maintain, they said. 
Indian and Pakistani fighter jets shot down war planes of each other on Wednesday in the most serious military confrontation between the two nations in decades.

State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) supply jet fuel for the fighter jets of

Indian Air Force as well as diesel and other fuel for tanks, trucks and other automobiles used by defence and paramilitary forces.

"We have a very strong plan in place (to ensure uninterrupted supplies)," an official said.

The requirement of defence services as a percentage of over 190 million tonnes of fuel consumed in the country is "very small" but the task is ensuring its uninterrupted availability especially in forward posts in Jammu and Kashmir, another official said.

Oil companies, they said, carry out winter stocking in Jammu and Kashmir ahead of the onset of winter every year and they had moved enough quantities of fuel to the state to meet fuel requirement of the civilians as well as defence establishment.

A separate official said Indian oil companies had ensured fuel uninterrupted fuel supplies to defence forces even during the Kargil war in 1999. 
"One is reminded of a picture in the newspapers during the height of Kargil war of a burning Indian Oil tanker alongside Bofors gun. We ensured fuel reached forces at all times," he said.

Officials refused to discuss specifics of the plan of ensuring uninterrupted fuel supplies because of "strategic reasons." 
"Please leave that to us," one of them said.

Officials said the plan is in place not just for ensuring fuel supplies but also for protecting oil assets like tankages storing fuel and refineries.

Some oil refineries on the west coast are provided air cover by the Indian Air Force and other installations are also being provided security, they said.

Oil companies to advance winter stocking to meet requirements of the Leh and Ladakh region in Jammu and Kashmir and forward areas of Himachal Pradesh which are cut off from the rest of the country due to snowfall.

Total fuels supplied this year was about 102,850 tonne (121,000 kilolitres). Ambala, Jalandhar, Sangrur and Bhatinda were the supply points that moved fuel to storage depots about 900 km away.

As tensions with Pakistan escalated, Indian oil companies have put in motion a "very strong plan" including moving a convoy of 500 trucks to ensure uninterrupted fuel supplies to all defence and strategic assets, top officials said Wednesday.

As tensions with Pakistan escalated, Indian oil companies have put in motion a "very strong plan" including moving a convoy of 500 trucks to ensure uninterrupted fuel supplies to all defence and strategic assets, top officials said Wednesday. Tanks feeding defence establishment in forwarding areas along the border with Pakistan are all "topped up" and have enough fuel to meet any eventuality, they said. Oil companies had topped up all storages in Jammu and Kashmir and other forward areas before the Tuesday's pounding of a terrorist camp inside Pakistan as retaliation to Jaish-e-Mohammed operative killing 40 paramilitary personnel in a suicide car bombing in Kashmir on February 14. And now, as many as 500 oil tankers are being moved to the state and other forward locations to stock up jet fuel (ATF), diesel and other petroleum products for ensuring fuel supplies beyond the 10-day stock firms generally maintain, they said. Indian and Pakistani fighter jets shot down war planes of each other on Wednesday in the most serious military confrontation between the two nations in decades. State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) supply jet fuel for the fighter jets of Indian Air Force as well as diesel and other fuel for tanks, trucks and other automobiles used by defence and paramilitary forces. "We have a very strong plan in place (to ensure uninterrupted supplies)," an official said. The requirement of defence services as a percentage of over 190 million tonnes of fuel consumed in the country is "very small" but the task is ensuring its uninterrupted availability especially in forward posts in Jammu and Kashmir, another official said. Oil companies, they said, carry out winter stocking in Jammu and Kashmir ahead of the onset of winter every year and they had moved enough quantities of fuel to the state to meet fuel requirement of the civilians as well as defence establishment. A separate official said Indian oil companies had ensured fuel uninterrupted fuel supplies to defence forces even during the Kargil war in 1999. "One is reminded of a picture in the newspapers during the height of Kargil war of a burning Indian Oil tanker alongside Bofors gun. We ensured fuel reached forces at all times," he said. Officials refused to discuss specifics of the plan of ensuring uninterrupted fuel supplies because of "strategic reasons." "Please leave that to us," one of them said. Officials said the plan is in place not just for ensuring fuel supplies but also for protecting oil assets like tankages storing fuel and refineries. Some oil refineries on the west coast are provided air cover by the Indian Air Force and other installations are also being provided security, they said. Oil companies to advance winter stocking to meet requirements of the Leh and Ladakh region in Jammu and Kashmir and forward areas of Himachal Pradesh which are cut off from the rest of the country due to snowfall. Total fuels supplied this year was about 102,850 tonne (121,000 kilolitres). Ambala, Jalandhar, Sangrur and Bhatinda were the supply points that moved fuel to storage depots about 900 km away.

'Very strong plan' to ensure fuel supplies to defence in place; 500 trucks move to refill depots

Indian Oil Corp Ltd (IOC) reported a nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.

The three public sector companies — IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd — <a href="http://www.wionews.com/business-economy/indias-oil-marketing-shares-slump-after-fuel-price-cut-169557">were forced to take a price cut in October</a>, hurting their margins as the government wanted to cushion the impact of high crude oil prices on consumers.

Net profit came in at 7.17 billion rupees ($100.66 million) in the quarter ended Dec. 31, 2018, compared with 78.83 billion rupees a year earlier.

Average gross refining margin declined to $5.83 per barrel in the April-December period from $8.28 per barrel in the year-ago period, the country's top refiner said on Wednesday. https://reut.rs/2DJjQL0

&nbsp;

Indian Oil Corp Ltd (IOC) reported a nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.

Indian Oil Corp Ltd (IOC) reported a nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies. The three public sector companies — IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd — were forced to take a price cut in October, hurting their margins as the government wanted to cushion the impact of high crude oil prices on consumers. Net profit came in at 7.17 billion rupees ($100.66 million) in the quarter ended Dec. 31, 2018, compared with 78.83 billion rupees a year earlier. Average gross refining margin declined to $5.83 per barrel in the April-December period from $8.28 per barrel in the year-ago period, the country's top refiner said on Wednesday. https://reut.rs/2DJjQL0

Indian Oil's third-quarter profit plunges almost 91 per cent