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BPCL. Crude Oil Procurement. Freight Hedging. Applicable to overall crude throughput for the Group (including domestic ONGC crude where there is an international freight component in the pricing formula.
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Freight Hedging • Applicable to overall crude throughput for the Group (including domestic ONGC crude where there is an international freight component in the pricing formula • Imported crude from the Middle East takes 6-7 days from loading before it is ready for processing at refinery. • Far East- 10-14 days • Long Haul crude those from Nigeria – 1 month
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