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via economictimes.indiatimes.comBusiness & Companies

IOC, BPCL, HPCL post Rs 30,106 crore Q2 profit, reversing prior loss

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

In the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106 crore, reversing a previous loss of Rs 18,150 crore. This profitability surge defied the ongoing freeze on petrol and diesel prices since…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe swing to profit at state fuel retailers reflects strong refining margins despite under-recovery challenges.AI-generated summary

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