MUMBAI: Bombay high court has dismissed as “farfetched’’ a petition filed by a former Bharat Petroleum Corporation Ltd (BPCL) employee seeking a Central Bureau of Investigation (CBI) probe on his allegations of corruption at the company and challenging his termination from service. “A direction for investigation to be conducted by the CBI can be pursuant to information placed before competent authority under the criminal jus- tice system whereby cognizable offences are prima facie disclosed. In the absence of any such exercise, the petitioner is not justified in rushing to file the present writ petition, styled as a criminal writ petition, against the senior officers of the BPCL’’ for a CBI probe, said a bench of Justices S S Shinde and Manish Pitale in its judgment on April 20.
BPCL Nashik-Mumbai oil pipeline rerouted section completed
The rerouted section - running 48 km - was constructed at a cost of Rs 450 crore
Saturday April 24, 2021 10:09 AM, IANS
Mumbai: The Bharat Petroleum Corporation Ltd (BPCL) has re-routed its critical 252-km-long 18-inch diameter oil pipeline connecting Mumbai and Nashik, an official said here on Friday.
The rerouted section - running 48 km - was constructed at a cost of Rs 450 crore and was inaugurated by BPCL Director, Marketing and Refineries, Arun Kumar Singh, according to an official spokesperson.
Constructed over two decades ago, the pipeline was linked with Nashik s important railway junction
Manmad, joining the BPCL Fuel Installation facility there with the BPCL Refinery in Mumbai.
BPCL re-routes Nashik-Mumbai oil pipeline for safety
By IANS |
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BPCL âre-routesâ Nashik-Mumbai oil pipeline for safety. Image Source: IANS News
Mumbai, April 23 : The Bharat Petroleum Corporation Ltd (BPCL) has re-routed its critical 252-km-long 18-inch diameter oil pipeline connecting Mumbai and Nashik, an official said here on Friday.
The rerouted section - running 48 km - was constructed at a cost of Rs 450 crore and was inaugurated by BPCL Director, Marketing and Refineries, Arun Kumar Singh, according to an official spokesperson.
Constructed over two decades ago, the pipeline was linked with Nashik s important railway junction Manmad, joining the BPCL Fuel Installation facility there with the BPCL Refinery in Mumbai.
Lower fuel demand during second wave to squeeze OMC margins
April 23, 2021
The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt
The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt×
Refiners have also been diverting a share of the oxygen that they produce to hospitals
The demand for diesel, petrol and aviation turbine fuel are all set to fall in April putting pressure on the gross refining margins (GRMs) of oil marketing companies (OMCs).
“Refinery throughputs will be down as a result of the fall in demand. This will drive up the per-barrel processing cost and impact GRMs of the refiners,” said Prashant Vasisht, Vice President and Co-Head, Corporate Ratings at ICRA Ltd.