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Oil PSUs' June quarter losses miss govt's ₹75,000 crore estimate by wide margin
State-run oil firms reported combined net losses of ₹18,149 crore in the June quarter. This figure was significantly lower than the government's initial projection of nearly ₹75,000 crore. Industry executives cited retail price increases and central tax reductions as key cushioning factors. Higher LPG prices also helped offset cooking gas sales losses for these companies. The divergence highlights the political sensitivity surrounding fuel price adjustments and public perception.
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thehindubusinessline.com
Indian Oil posts first quarterly loss in 15 on crude price surge
Indian Oil Corporation reports its first quarterly loss in 15 periods, driven by surging crude prices and weakened fuel demand.
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economictimes.indiatimes.com
IOC slips into loss in Q1 on holding fuel prices despite rise in cost
Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from…
