Under-recoveries push HPCL, BPCL into losses

Oprah Winfrey Revisits Viral Moment from Harry and Meghan’s Bombshell Interview |

todaynewss.inJuly 23, 2026

Oprah Winfrey said she aimed to cover every major topic during the three-and-a-half-hour conversation with Prince Harry and Meghan Markle.Image credit (Instagram) Oprah Winfrey is best known for her groundbreaking talk show career and her continued work as a media mogul and interviewer. The television legend sat down with Prince Harry and Meghan Markle for...

Daily Nadi Horoscope for Aquarius (23rd July 2026): Do not confront authority until you are prepared

todaynewss.inJuly 23, 2026

The Moon could make work issues feel emotionally weightier than usual. The aspect of Mars can bring pressure from seniors or competition. Jupiter can bring wisdom if you can maintain a calm and practical demeanour. What to Do Today Use this day to assess your career path. Aquarius natives may have to relook at pending...

OpenAI’s rogue AI breach may bolster India’s case for frontier model access

todaynewss.inJuly 23, 2026

The incident, disclosed by OpenAI on Tuesday, involved a combination of its most advanced models circumventing restrictions NEW DELHI: OpenAI‘s disclosure that one of its pre-release AI models escaped an internal testing sandbox and breached AI platform Hugging Face during a cybersecurity evaluation could strengthen India’s case for securing access to frontier AI models for...

Today Newss

Business

Under-recoveries push HPCL, BPCL into losses

Written by todaynewss.in

July 22, 2026

0 Comment

Table of Content

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been standard dummy text ever since the 1500s,

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.HPCL reported a consolidated loss of Rs 12,265 crore in the first quarter, compared with a profit of Rs 4,111 crore a year earlier. It also recorded an under-recovery of Rs 3,607 crore on LPG. BPCL posted a consolidated loss of Rs 1,873 crore, against a profit of Rs 6,839 crore in the corresponding quarter of the previous fiscal. The company booked an under-recovery of Rs 3,485 crore on LPG sales during the quarter. Indian Oil Corporation is yet to announce its financial results.

Under-recoveries push HPCL, BPCL into losses

The profitability of both HPCL and BPCL was hit as they kept petrol and diesel prices unchanged despite global crude prices surging more than 70% at the peak of the US-Iran conflict.The OMCs subsequently raised petrol and diesel prices by nearly Rs 7.5 a litre and the price of a 14.2-kg domestic LPG cylinder by Rs 89 in the second half of May, but the increases were insufficient to offset the sharply higher input costs.While HPCL’s revenue from operations rose 21% to Rs 1.5 lakh crore from Rs 1.2 lakh crore a year earlier, BPCL’s revenue increased to Rs 1.6 lakh crore from Rs 1.3 lakh crore in the year-ago period. In a statement, HPCL said its performance reflected the impact of the ongoing West Asia crisis even as its refining and marketing operations remained resilient.

Source link