Rs 76,000 Crore Annual Profit Of State Oil Firms Could Be Wiped Out By Q1 Losses
Last Updated:May 12, 2026, 03:25 IST A report said losses suffered by IOC, BPCL and HPCL in April-June quarter may wipe out their entire annual profit of Rs 76,000 crore. Oil tankers parked outside the Indian Oil Corporation refinery, in Mathura. (IMAGE: PTI) India’s state-run fuel retailers are staring at first-quarter losses large enough to…
