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BPCL leaps big in first-quarter
Aug. 9, 2018
Source: Reuters

BPCL leaps big in first-quarter

Strong refining margins helped Indian state-owned BPCL to take a big jump in its first-quarter earnings. The firm reported a three-fold rise in profits from the previous year to USD 334.16 million in the first quarter. The difference between the cost of processed crude and the prices of refined products, called the average gross refining margin, climbed to $7.49 per barrel.

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