Japan & Bharat Petroleum

Japan: Japan reported higher output levels, attributed to companies speeding up production due to concerns of greater supply chain disruption, despite rising input costs.

Bharat Petroleum: Bharat Petroleum is one of the state refiners ordered by India to maximize LPG production and has purchased spot cargoes from the United States.

Japan: Japan is mentioned as a country that has raised petrol and diesel prices by up to 30% since the start of the West Asia conflict, contrasting with India's approach.

Bharat Petroleum: Bharat Petroleum is one of the three state-owned oil marketing companies (OMCs) facing substantial under-recoveries from selling fuel below cost, which is causing financial strain and may necessitate higher working capital borrowings.

Japan: Japan is mentioned as a country with which India is pursuing trade agreements to diversify its export markets.

Bharat Petroleum: Bharat Petroleum is one of the Indian state refiners that has stopped buying Russian oil due to narrowing discounts and US threats.

Bharat Petroleum: Bharat Petroleum declared force majeure on deliveries due to the closure of the Persian Gulf, impacting its April loading dates.