Bharat Petroleum Corporation Limited is expected to face earnings pressure if crude sustains above $100 per barrel while retail petrol and diesel prices remain unchanged, as Choice Institutional Equities analyst Dhaval Popat expects higher refining costs to squeeze its marketing margins.

Bharat Petroleum Corporation Limited is expected to report a profit of Rs 4,520 crore in Q2FY27 against a Rs 3,962-crore loss in Q1FY27, according to ICICI Securities, supported by stronger petrol and diesel marketing margins and lower LPG under-recoveries, with ICICI estimating its refining margin at $18 a barrel versus $41.4 in Q1FY27.

Bharat Petroleum Corporation will have its full daily US dollar requirements met under a special window opened by the Reserve Bank of India, with dollars sold through designated banks from October 12 until further notice.