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The Economic Times
The Economic Times
Veer Sharma

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

HPCL BPCL IOCL Oil Nomura India LPG crude oil Petrol Gagan Dixit

The West Asia crisis and the subsequent surge in oil prices may leave their deepest mark on India's oil marketing companies in the first quarter of the financial year 2027. As soaring crude prices squeeze fuel marketing margins, analysts expect HPCL, BPCL and IOCL to report combined EBITDA losses of as much as Rs 47,700 crore in the June quarter.

Investors, brace for washout

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