# This was driven by a surge in crude oil prices, while domestic retail fuel prices remained.

*business · news · 2026-04-07 · The Economic Times*

## Key points

- Indian Oil, BPCL, and HPCL lost about ₹6 per litre on diesel sales in Q4.
- Petrol margins dropped to ₹2.90 per litre from ₹8.50 a year earlier.
- LPG under-recovery increased by ₹110-120 billion in the fourth quarter.
- Combined quarterly profit of the three OMCs is predicted to fall by 82% year-on-year.
- Gross refining margins rose 30-40% despite losses in fuel marketing margins.

**Companies:** Indian Oil Corporation, BPCL, HPCL
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/industry/energy/oil-gas/iran-war-ioc-bpcl-hpcl-may-have-lost-rs-6/litre-on-diesel-in-q4/articleshow/130094759.cms)

---

Canonical: https://newsio.io/n/df301483-6a1c-4687-aec2-eaf31c46fd73/this-was-driven-by-a-surge-in-crude-oil-prices-while-domestic-retail-fuel-prices
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works