HPCL shares fell close to 5 per cent on Thursday after it reported a consolidated net loss of around ₹12,265 crore in Q1 FY27, as the West Asia conflict pushed up crude oil prices while PSU OMCs sold petrol, diesel and LPG below market cost, impacting 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.