Bharat Petroleum Corporation Ltd reported a significant net loss for the April-June quarter. Elevated crude oil prices and regulated fuel rates severely impacted marketing margins.
The company incurred substantial LPG under-recoveries and unpaid subsidy dues. Revenue from operations increased, but total expenses climbed significantly.
Fuel sales and refinery processing saw a slight decline during the period.
This story was reported by The Times of India. Read the full coverage at The Times of India.
