VERIFIEDET Markets·31 Jul 2026neutral

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

AI Summary

·Indian Oil Corporation reported losses for the June quarter, attributing it to holding fuel prices despite rising costs.
·Efficiency improvements and higher refining margins helped mitigate the losses.
·The company achieved record crude throughput and saw a drop in fuel losses, with petrol and diesel sales reaching quarterly highs.