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Essay text:
BPCL envisaged the need for information related to the different petroleum products it offers besides high-speed diesel and motor spirit (petrol). With its refinery at Mumbai (India) and the acquisition of Cochin refinery it has a good presence in India with over 4000 retail outlets and hundreds of LPG distributors.
Given the environment in which BPCL operates today - the liberalization, privatization and globalization phenomenon BPCL may enter into an environment where the administrative price mechanism for petroleum products may be dismantled with market determining the price. This would need BPCL to have complete information about its business transactions...
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