Hindustan Petroleum posts net loss of ₹12,265 crore impacted by West Asia crisis
The Mumbai-based refiner’s revenue increased about 21% on a year-over-year basis to ₹1.45 lakh crore in the reported quarter
State-owned oil-marketing company Hindustan Petroleum posted a net loss of about ₹12,265 crore in the June-end quarter that was entirely bothered by supply route disruptions because of the conflict in West Asia.Benchmark global crude prices had breached the $100/barrel mark for a prolonged period, with the conflict in West Asia having bothered the Strait of Hormuz, which accounts for one-fifth of the global energy trade.The Mumbai-based refiner’s revenue increased about 21% on a year-over-year basis to ₹1.
45 lakh crore in the reported quarter.As for its physical sales — inclusive of exports, increased 0.6% from the comparable period last year to 13.
12 MMT. Combined sales of petrol and diesel increased 8.1% during the period.
Earlier in the day, peer Bharat Petroleum posted a net loss of ₹3,962 crore in the June-end quarter.IndianOil is scheduled to publish their results July 31. Published - July 22, 2026 09:58 pm IST Read Comments Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit READ LATER SEE ALL Remove Related Topics economy, business and finance / business (general) / petrol / Israel-US strikes on Iran
Đọc thêm từ Thế giới
Infants’ remains discovered at site of former mother and baby home
Remains of 22 more infants found at site of former mother and baby home in Ireland
Cyclospora parasite behind diarrhea outbreak is only transmitted through human feces. So how did it get into our food supply?
Source of national outbreaks has not yet been identified by public health officials
Federal agency links Quebec train derailment in December to temperature swings
A Federal agency has linked a Northern Quebec train derailment in December to temperature swings and the earlier passage of another train with a wheel defect.
How you can — and can’t — buy booze as some interprovincial barriers end
The premiers of nine provinces announced Tuesday that they're removing major barriers to interprovincial sales of alcohol across Canada.