BPCL, HPCL losses deepen as $96 crude squeezes fuel-retail margins
BPCL and HPCL have reported steep quarterly losses as high crude procurement costs collide with unchanged retail fuel prices. Refining gains offered limited relief, while potential government support remains under consideration amid volatile oil markets.
BPCL and HPCL reported steep quarterly losses as elevated crude procurement costs and unchanged retail fuel prices squeezed margins. Stronger refining margins provided limited relief, while the government considers support measures amid uncertainty over crude prices.
Why this matters
The losses follow BPCL's ₹3,962 crore Q1 loss despite 18.2% revenue growth to ₹1.51 lakh crore. BPCL's FY27 results were already in focus for fuel margins and demand trends.
Retail-company signals are accelerating, up 1,040,800% QoQ.