{"id":428428,"date":"2021-07-31T11:32:19","date_gmt":"2021-07-31T06:02:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=428428"},"modified":"2021-07-31T13:13:49","modified_gmt":"2021-07-31T07:43:49","slug":"ioc-net-vaults-211-to-rs-5941-crore-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-net-vaults-211-to-rs-5941-crore-in-q1\/","title":{"rendered":"IOC net vaults 211% to Rs 5,941 crore in Q1"},"content":{"rendered":"<p>NEW DELHI: Flagship oil refiner and fuel retailer IndianOil on Friday reported a 211% jump in the first quarter standalone net profit to Rs 5,941 crore from Rs 1,910 crore a year ago on the back of strong refining margins and low base of the pandemic year. <\/p>\n<p>Company chairman Shrikant Madhav Vaidya said the company earned $6.58 on turning every barrel of crude oil into fuel during the quarter under review, up from $1.98 per barrel a year ago. The margin, however, stood at $2.24 per barrel after netting out inventory gains. <\/p>\n<p>Vaidya said petrol consumption reached pre-Covid levels in the first week of July, while diesel is at about 88% of the pre-Covid levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Flagship oil refiner and fuel retailer IndianOil on Friday reported a 211% jump in the first quarter standalone net profit to Rs 5,941 crore from Rs 1,910 crore a year ago on the back of strong refining margins and low base of the pandemic year. Company chairman Shrikant Madhav Vaidya said the company earned $6.58 on turning every barrel of crude oil into fuel during the quarter under review, up from $1.98 per barrel a year ago. The margin, however, stood at $2.24 per barrel after netting out inventory gains. Vaidya said petrol consumption reached pre-Covid levels in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-428428","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=428428"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/428428\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=428428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=428428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=428428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}