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

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…

India's largest oil refining and fuel retailing firm, Indian Oil Corporation (), sold petrol and diesel at a loss of Rs 10/litre and Rs 14/litre respectively during the April-June quarter, leading to… [+2566 chars]

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