business / news / / The Economic Times
This was driven by a surge in crude oil prices, while domestic retail fuel prices remained.
Indian Oil, BPCL, and HPCL lost about ₹6 per litre on diesel sales in Q4.
KEY POINTS
- 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
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