IOC, HPCL, BPCL Post Rs 18,480 Crore Loss in Q1 on Holding Petrol, Diesel Prices

State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost. According to stock exchange filings

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