What was Indian Oil Corporation's standalone net loss for the quarter ended June 30, and how does it compare to the same period last year?

Indian Oil Corporation reported a standalone net loss of 26.61 billion rupees ($279 million) for the quarter ended June 30, compared to a profit of 56.89 billion rupees a year ago.

Why did Indian Oil Corporation's fuel marketing margins turn negative in the quarter ended June 30?

Fuel marketing margins turned negative due to elevated crude oil prices — average Brent crude prices were about 45% higher year-on-year, driven by Middle East supply disruptions — which sharply increased raw material costs and pushed the cost of retailing fuels above earnings from sales, resulting in petrol and diesel marketing margins of negative 10.6 rupees per litre and negative 18.4 rupees per litre, respectively.

Indian Oil Posts First Quarterly Loss in 15 Quarters Amid Crude Price Surge

Jul 31, 2026

Indian Oil Corporation reported its first quarterly loss in 15 quarters, posting a net loss of ₹26.61 billion as elevated crude oil prices and weak fuel demand squeezed margins. Competitors BPCL and HPCL similarly reported losses due to rising raw material costs.

reuters

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