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IOC back in black with Rs 12000 crore profit on crude fall, fuel price freeze in Q2
Credit: IndiaTimes- Published on October 31, 2023
IndianOil, the largest oil refiner and fuel retailer in India, reported a profit of Rs 12,967 crore in the third quarter, compared to a loss of Rs 272 crore in the same period last year. This turnaround was supported by a 14% drop in crude prices and the freeze on petrol and diesel prices. IndianOil also announced an interim...
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Indian Oil Corporation (IOC) has reported a net profit of Rs 12,967.32 crore in the three months ending September 30, driven by higher refining and marketing...
on October 31, 2023 • IndiaTimes