Additionally, India’s central corporation, Indian Oil Corporation Limited (IOCL), began supplying oil to BPC in 2020. 105,000 tonnes of oil is expected to be supplied between January and June this year, which includes 20,000 tonnes of diesel, 50,000 tonnes of furnace oil, 25,000 tonnes of octane and 10,000 tonnes of jet fuel. IOCL supplies this fuel oil by sea.
Due to the global energy crisis, BPC on March 8 proposed to the Energy Department to increase oil imports from India.
The proposal suggests supply of 20,000 tonnes in four phases in March and 25,000 tonnes in five phases in April, with similar quantities to be supplied in subsequent months. Additionally, considering the distance, India may be requested to supply 120,000 tonnes of diesel in four shipments of 30,000 tonnes each by sea.