State-owned Bharat Petroleum Corporation Ltd (BPCL) on Wednesday reported a consolidated net loss of Rs 3,962.13 crore for the April-June quarter of FY2026-27, its first quarterly loss in 15 quarters, as elevated crude oil prices and regulated fuel prices eroded marketing margins.

BPCL reported a standalone loss of Rs 3,962 crore in the first quarter. Revenue from operations increased 23% year-on-year to Rs 1.59 lakh crore. Total expenses rose sharply to Rs…

Bharat Petroleum reports ₹3,962 crore loss due to high crude prices amid West Asia conflict, despite 23% revenue increase.

State-run oil companies HPCL and BPCL reported significant losses for the April-June quarter. This occurred as they sold petrol, diesel, and LPG below market rates. Elevated…

HPCL reports a net loss of ₹12,265 crore in Q1 FY27 due to rising crude prices amid the West Asia conflict.