BPCL has officially denied viral social media claims that E20 petrol attracts ants. The company stated there is no scientific evidence, explaining that fuel-grade ethanol lacks sugars and contains insect-repellent denaturants, with petrol's smell dominating.
BPCL Director Raj Kumar Dubey warned of unavoidable petrol and diesel price hikes due to ongoing global energy disruptions and rising crude oil prices. India is diversifying oil sources, including Russian crude, to avoid shortages and accelerate its transition to green energy.
Bharat Petroleum Corporation Ltd. Director HR Raj Kumar Dubey stated that a further fuel price hike in India might be unavoidable if global energy disruptions persist. Policymakers are considering three options: raising retail prices, absorbing losses, or government deficit financing.
Goldman Sachs maintained a neutral rating on Jubilant Foodworks, cutting its target price. Analysts cited near-term margin pressure from inflation and slower growth for Domino's India. Other firms rated BPCL, PI Industries, Grasim Industries, and Bharat Electronics with varied outlooks.
Grasim Industries, Bharti Airtel, Nestle India, Maruti Suzuki and HCL Technologies were the biggest Nifty gainers, while losers included Sun Pharma, BPCL, Reliance Industries, MM and Hindalco Industries
