Indian Oil reports widening LPG revenue loss in May
after close1 source ↓written by the desknot a recommendation
- in April
- ₹171
Indian Oil Corp reported a revenue loss of ₹617 on each 14.2 kg LPG cylinder in May, up from ₹171 in April. The company previously faced a loss of ₹100 in Q1 2023. This widening loss reflects the impact of rising global prices due to geopolitical tensions, affecting household fuel supplies and market dynamics.
Not investment advice. For informational purposes only.