bp ventures

Fuel prices have seen another significant jump, with petrol and diesel costs rising by Rs 2.61 and Rs 2.71 per litre respectively. This marks the fourth increase in under two weeks, pushing cumulative hikes close to Rs 7.5 per litre. Consumers face mounting pressure as import costs climb due to global crude oil prices and a weaker rupee.

The successive hikes come after an extended period during which retail fuel prices remained unchanged, despite higher global crude prices, shrinking refining margins, and weakness in the rupee significantly increasing import costs.

Nayara Energy has increased petrol and diesel prices. This move comes as global oil prices climb due to the Middle East crisis. Other fuel retailers are taking different approaches. Some are absorbing losses, while state-run companies have kept standard fuel prices unchanged since April 2022. Premium petrol prices have risen.

Electric ride-hailing service BluSmart on Tuesday announced it has raised $25 million as part of its extended Series A1 round. In total, the startup has raised $50.7 million as part of its Series A round.

Many startups are competitive, but India Inc waits for foreign endorsement

The government has announced a reduction in excise duty on petrol and diesel. While excise duty on petrol has been cut, the levy on diesel has been removed altogether with an aim to cushion consumers from the surge in global crude oil prices.

Reliance Industries and UK's BP plc have agreed to form a new joint venture to set up petrol pumps and retail aviation turbine fuel to airlines in India, the two companies said on Tuesday.

RIL and BP on Friday announced the incorporation of their 50:50 joint venture company, India Gas Solutions Pvt Ltd, which will focus on global sourcing, transporting and marketing of natural gas in India.

BP is no stranger to India but Monday’s deal with Reliance Industries marks its first big-ticket foray into India’s oil and gas arena after an unsuccessful attempt to enter the oil refining and marketing business with state-run Hindustan Petroleum Corporation in 2005.

The government on Friday gave its consent to UK energy major BP Plc taking 30% interest in 21 out of 23 acreages, including India's gas bowl off the Andhra coast, being operated or explored by Mukesh Ambani's Reliance Industries Ltd for over $7 billion.

Visakhapatnam, Feb 25 () India Gas Solutions Pvt Ltd, the equal joint venture between Reliance Industries and UK's BP plc, today signed an agreement with Andhra Pradesh government to invest in creating marketing infrastructure for natural gas from KG basin.

British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 per cent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani announced at its 42nd annual general meeting (AGM) on Monday. BP will hold 49 per cent equity stake in the new joint venture.

Minister of Petroleum and Natural Gas, Shri. Hardeep Singh Puri, launched the IFFI campaign by Jio-bp at India Energy Week 2025, presenting high-performance fuels developed with bp's ACTIVE Technology. Jio-bp's innovative Split Fuel Car demonstrated the benefits of their high-performance fuels over ordinary fuels, emphasizing improved engine performance and fuel efficiency.

The Tata Group and London-based BP Plc are ending their joint production of photovoltaic cells and modules, a venture that brought the two industry giants together 22 years ago.

"Jio-bp has constructed and launched one of the country's largest EV charging hubs in Dwarka, Delhi with BluSmart as its primary customer," it had said.

A joint venture of billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) and energy supermajor BP has opened one of the country's largest EV charging hubs in Delhi, as the duo scale up the fuel retail network, offering multiple fuel choices including EV charging infrastructure.

Global energy major BP has decided to quit a joint venture with state-owned Indian Oil Corporation (IOC), which was to set up the world’s largest acetic acid plant in Gujarat with proposed investments of $1 billion, or Rs 6,200 crore.

New Delhi, Oct 15 () The speed of decision making in India is not good for its brand as processes have delayed BP's investment in the country, a top official of the British oil major said Monday.

The visit of Lord Browne, wasn't just confined to announcing an investment in a new 9 million tonne refinery promoted HPCL at Batinda.

Bogged down by soaring costs related to the Gulf of Mexico oil spill, BP Plc today posted a mammoth second-quarter loss of $17.15 billion and also announced the departure of embattled CEO Tony Hayward.

The JV — Reliance BP Mobility, in which RIL holds 51% — will operate under the ‘Jio-bp’ brand. It has received the marketing authorisation for transportation fuels, among other necessary regulatory and statutory approvals.

The farm-out deal with BP is Mukesh Ambani’s masterstroke. In one go, it will reduce Reliance Industries’ exploration risk burden and balance his outflow of funds to shale gas venture in the US.

BP on Thursday announced plans to set up a major centre for its global business services operations in Pune, which will employ around 2,000 people and support digital innovation across the company globally.