HPCL Q1 Results: Co back in black as petrol, diesel price freeze helps regain mkt margin
The profit was over 92% higher than Rs 3,222.62 crore net profit in the preceding quarter. Last year, HPCL and other government-owned fuel retailers — Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) — froze retail petrol and diesel prices to cushion domestic consumers from rising international oil rates.
