Fuel Price relief IOC HPCL BPCL loss at 2749 cr in Q2 total loss in H1 reaches 21201 cr rupees – Business News India

Oil Companies: பெல்தை சர்ப்பு மிழ் பில் பிட்டில் பிட்டு கில் கியு Its effect on oil companies. Public sector petroleum marketing companies IOC (IOC), BPCL (BPCL) and HPCL (HPCL) posted a total loss of Rs 2,748.66 crore in the second consecutive quarter in July-September. By the government, the payment of LPG for several times was not able to compensate for the loss caused by the fall in the prices of petrol and diesel.

Three fuel retailers told the stock market that this loss was due to a decline in the marketing margin of petrol, diesel and domestic LPG. In the last two years, the loss was reduced by a one-time government grant of 22,000 crore rupees.

यह भी लेखें- आस वाचा आन दो कवानी के शेरोल्डरस को 1 श्रेर पर मिल्गेन 5 फ्री शेरे, अपके पास है है ये शोक्ट?

Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have not made any changes in rates for consecutive months. আন্ন ক্টা ক্তা ক্যান প্ট্য়্তি প্র্র্য ক্রিল কিলি কিলিল ক্র্যান ক্র্ত ক্ট্তায়া hai.

On October 29, IOC reported a net loss of Rs 272.35 crore for the July-September quarter, which was on the back of a loss of Rs 1,995.3 crore in the previous three months.

On November 3, HPCL reported a loss of Rs 2,172.14 crore in the second quarter of the current financial year, which was behind its previous highest quarterly loss of Rs 10,196.94 crore in April-June. According to the notice, BPCL’s loss for the July-September quarter was Rs 304.17 crore. In the first quarter, there was a loss of Rs 6,263.05 crore.

The combined loss of the companies for the first half of the current financial year was 21,201.18 crore rupees. IOC contributed Rs 10,800 crore towards the LPG subsidy received from the government after the end of the last quarter, while HPCL received Rs 5,617 crore. 5,582 crores of cash grant to BPCL.

यह भी लेखें- 2 शेरे में दाव लागा कर होना है मालामाल, expert ne diya by rating, YE hai target price

Petroleum Minister Hardeep Singh Puri had indicated last week that his ministry would seek assistance from the Ministry of Finance to help the government fight inflation after the Ukraine war. He said, “OMC (Petroleum Marketing Companies) are still losing money on the sale of diesel.” raha hai.”

The current international oil price is lower than 97.75 dollars per barrel. Puri said that the petroleum companies took the help of the consumers by reducing the prices during the extreme fluctuations. Compared to last year’s record earnings, all three companies lost in the first half.

IOC posted a loss of Rs 2,264.88 crore in April-September, while a profit of Rs 12,301.42 crore was made in the same period a year ago and a profit of Rs 24,184.10 crore was made in the entire financial year 2021-22. Similarly, BPCL incurred a loss of Rs 6,567.22 crore during this period. In April-September 2021, it made a profit of 6,033.82 crore rupees and it earned a profit of 11,363.55 crore rupees in 2021-22.

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At the same time, HPCL incurred a loss of Rs 12,369.08 crore in the last period. In the entire financial year 2021-22, the company’s turnover was 6,282.63 crore rupees. In April-September 2021, it had a profit of Rs 3,718.51 crore.


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