Relief in sight for IOC, BPCL, HPCL? LPG losses for oil firms may drop 45% in FY26 if crude stays at $65/barrel, says report
India’s oil marketing companies (OMCs) may finally be heading for some relief after years of absorbing losses on domestic LPG sales. According to a CareEdge Ratings report, LPG-related losses for Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) could fall by nearly 45 per cent in FY26, if crude oil…
