HPCL profit of Rs. 1795/- Crore I
According to Hindustan Petroleum Corporation, the fourth quarter profit fell 40% to Rs. 1795 / – crore. Revenue from sales increased by 24% to Rs. 104,942 / – crore. The gross refining margin for the quarter was $ 12.44. Marketing margins have been affected by the company’s failure to raise domestic fuel prices in line with overseas prices. The company expects crude oil prices to remain at $ 100 a barrel throughout the year.
