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VERIFIEDET Stocks·negative

India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?

AI Summary
  • ·HPCL, BPCL, and IOCL are projected to report a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27.
  • ·Factors contributing to the expected loss include rising crude oil prices, LPG under-recoveries, low fuel marketing margins, and rupee depreciation.
  • ·Analysts suggest that fuel price increases might be necessary if crude oil prices remain high.
BPCLHINDPETRO
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