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@ EconomicTimes

BPCL wants to buy rare grades of crude oil at cheaper rates

As coronavirus hits China, they have rejected a lot of crude oil from the last 3 or 4 months and there is significant availability of crude. To gain the status quo state-run fuel retailer BPCL is looking at cheaper crude. In the current circumstance, Some of the crude oil categories that didn't find attractive before are appearing to be attractive now. The company hopes to benefit from the recent drop in crude oil prices to around $56 a barrel now from $ 67 in December.

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