NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.

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.