This decision comes in the wake of a significant surge in international diesel prices
British Petroleum (BP) has ramped diesel production to the maximum possible level, according to Meg O'Neill, chief executive officer of one of the largest oil companies globally, as reported by The Times.
This decision comes in the wake of a significant surge in international diesel prices. In late September, the price of the fuel reached 2 pounds (2.65 dollars) per liter, while the price of gasoline stood at 1.73 pounds per liter.
As the CEO of BP stated, the sharp rally in diesel prices led the company to adjust its production capacity, prioritizing the manufacturing of diesel over kerosene, which is essential for supplying airlines. As a result, the refinery in Rotterdam nearly doubled its diesel output in August compared to June.
In May 2026, the British oil and energy giant announced its decision to split. One month later, in June, the corporation separated into two divisions, covering production and refining.
Already from early 2025, BP had announced a plan to eliminate thousands of jobs with the goal of reducing costs.
Specifically, the British oil and energy group plans to downsize its workforce by 5%, representing approximately 4,700 employees, while simultaneously projecting the termination of services for roughly 3,000 contractors.
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