Sunday, July 31, 2022

IOC records quarterly loss, sold petrol at Rs 10 a litre loss, diesel at Rs 14

"Earnings decline was driven by a sharp fall in retail fuel margins for petrol and diesel with an estimated net loss of Rs 10 per litre for petrol and Rs 14 a litre for diesel for the quarter and inventory loss of Rs 1,500-1,600 crore due to excise duty cut in the quarter," reported PTI citing ICICI Securities.

from Energy-Industry-Economic Times https://ift.tt/eQF4nhX

No comments:

Post a Comment