{"id":39198,"date":"2026-07-23T05:27:36","date_gmt":"2026-07-22T23:57:36","guid":{"rendered":"https:\/\/banitoday.com\/under-recoveries-push-hpcl-bpcl-into-losses\/"},"modified":"2026-07-23T05:27:36","modified_gmt":"2026-07-22T23:57:36","slug":"under-recoveries-push-hpcl-bpcl-into-losses","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/under-recoveries-push-hpcl-bpcl-into-losses\/","title":{"rendered":"Under-recoveries push HPCL, BPCL into losses"},"content":{"rendered":"


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NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.HPCL reported a consolidated loss of Rs 12,265 crore in the first quarter, compared with a profit of Rs 4,111 crore a year earlier. It also recorded an under-recovery of Rs 3,607 crore on LPG. BPCL posted a consolidated loss of Rs 1,873 crore, against a profit of Rs 6,839 crore in the corresponding quarter of the previous fiscal. The company booked an under-recovery of Rs 3,485 crore on LPG sales during the quarter. Indian Oil Corporation is yet to announce its financial results.<\/p>\n
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The profitability of both HPCL and BPCL was hit as they kept petrol and diesel prices unchanged despite global crude prices surging more than 70% at the peak of the US-Iran conflict.The OMCs subsequently raised petrol and diesel prices by nearly Rs 7.5 a litre and the price of a 14.2-kg domestic LPG cylinder by Rs 89 in the second half of May, but the increases were insufficient to offset the sharply higher input costs.While HPCL’s revenue from operations rose 21% to Rs 1.5 lakh crore from Rs 1.2 lakh crore a year earlier, BPCL’s revenue increased to Rs 1.6 lakh crore from Rs 1.3 lakh crore in the year-ago period. In a statement, HPCL said its performance reflected the impact of the ongoing West Asia crisis even as its refining and marketing operations remained resilient.<\/div>\n<\/div>\n


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NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.HPCL reported a […]<\/p>\n","protected":false},"author":1,"featured_media":39199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-39198","post","type-post","status-publish","format-standard","has-post-thumbnail"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t