IOC, HPCL, BPCL Post Rs 18,480 Crore Loss in Q1 on Holding Petrol, Diesel Prices - News18

The losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG, according to stock exchange filings by the three fuel retailers

State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel… [+2691 chars]

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