Bharat Petroleum eyes $20-30/ton gain from swap of Middle East LPG with cheaper US supplies

Bharat Petroleum Corp Ltd anticipates a $20-$30 per ton gain by swapping Middle Eastern LPG for cheaper U.S. supplies, capitalizing on price disparities caused by the U.S.-China tariff war. This move will partially offset revenue losses from subsidized LPG sales. BPCL also plans to increase Russian oil intake to 30-32% and is considering a new refinery in Andhra Pradesh.