PSU refiner BPCL expects further cuts in oil OSPs as fuel margins drop

BPCL, a public sector refiner, anticipates further reductions in oil and other operational costs due to declining fuel margins. The company has noted a significant drop in refining margins and is preparing for additional cuts in its operating expenses. BPCL is focusing on improving its cost-efficiency to counteract the financial impacts of the reduced margins. The refiner is also exploring ways to optimize its operations amid the challenging economic environment.