What was HPCL's net loss for the first quarter, and how does it compare to the same period a year ago?

HPCL posted a net loss of 115.26 billion rupees ($1.19 billion) for the first quarter, compared to a profit of 43.71 billion rupees a year ago — marking its first quarterly loss since the three months ended September 2022.

Why did HPCL report a quarterly loss, and what role did crude oil prices play?

HPCL reported a quarterly loss primarily due to a sharp spike in crude prices — average global Brent crude oil prices were about 45% higher year-on-year, driven by the Middle East conflict, which severely compressed marketing margins; petrol and diesel marketing margins turned negative at −10.6 rupees/litre and −18.4 rupees/litre respectively, forcing sales below cost.

India's HPCL Posts First Quarterly Loss Since 2022 as Crude Prices Soar

Jul 22, 2026

Hindustan Petroleum Corp reported a $1.19 billion quarterly loss, its first since 2022, due to soaring crude prices and negative fuel margins. Peer BPCL also posted losses amid weakened fuel demand.

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India's HPCL Posts First Quarterly Loss Since 2022 as Crude Prices Soar

India's HPCL Posts First Quarterly Loss Since 2022 as Crude Prices Soar

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