The Indian Government owns more than 65 % shares in BPCL , with Foreign Portfolio Investors and the BPCL trust having less than 15 % and 7 % respectively .
As of September 2018 , 76 % of the shares of BPCL were owned by the Government of India ( through the President of India ) , with the rest owned by Foreign Portfolio Investors ( 12 % ) , BPCL trust for investing in shares ( 5 % ) , Mutual funds and UTI ( 3