{"id":510234,"date":"2022-07-30T09:11:38","date_gmt":"2022-07-30T03:41:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510234"},"modified":"2022-07-30T09:31:45","modified_gmt":"2022-07-30T04:01:45","slug":"ioc-posts-rs-1992-cr-net-loss-on-petrol-diesel-price-freeze-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-posts-rs-1992-cr-net-loss-on-petrol-diesel-price-freeze-in-q1\/","title":{"rendered":"IOC posts Rs 1,992-cr net loss on petrol, diesel price freeze in Q1"},"content":{"rendered":"<p>Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992 crore in the June quarter as a freeze on petrol and diesel prices wiped away record refining margins.<\/p>\n<p>Net loss of Rs 1,992.53 crore in April-June compares to Rs 5,941.37 crore of net profit in the same period a year back, the company said in a stock exchange filing.<\/p>\n<p>Its revenue from operations rose to Rs 2.51 trillion in April-June from Rs 1.55 trillion, mostly because of higher international oil prices.<\/p>\n<p>During the quarter, IOC and other state-owned fuel retailers Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) did not revise petrol and diesel prices in line with rising costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC) on Friday reported a net loss of Rs 1,992 crore in the June quarter as a freeze on petrol and diesel prices wiped away record refining margins. Net loss of Rs 1,992.53 crore in April-June compares to Rs 5,941.37 crore of net profit in the same period a year back, the company said in a stock exchange filing. Its revenue from operations rose to Rs 2.51 trillion in April-June from Rs 1.55 trillion, mostly because of higher international oil prices. During the quarter, IOC and other state-owned fuel retailers Bharat Petroleum Corporation Ltd (BPCL) and Hindustan [&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":[135,130,169],"tags":[],"class_list":["post-510234","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510234","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=510234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}