ndia’s largest oil refiner and fuel retailer IndianOil on Friday posted a net profit of Rs 13,750 crore in the June quarter against a loss of Rs 1,992 crore a year ago as a drop in oil prices since January turned petrol and diesel sales profitable in spite of pump prices remaining frozen since May 2022. This is the highest quarterly profit posted by the company in a decade.
IOC net vaults to decade high of Rs 13,750cr in Q1
ndia’s largest oil refiner and fuel retailer IndianOil on Friday posted a net profit of Rs 13,750 crore in the June quarter against a loss of Rs 1,992 crore a year ago as a drop in oil prices since January turned petrol and diesel sales profitable in spite of pump prices remaining frozen since May 2022. This is the highest quarterly profit posted by the company in a decade.