{"id":34693,"date":"2026-07-22T23:46:02","date_gmt":"2026-07-22T23:46:02","guid":{"rendered":"https:\/\/saharanews.in\/?p=34693"},"modified":"2026-07-22T23:46:02","modified_gmt":"2026-07-22T23:46:02","slug":"under-recoveries-push-hpcl-bpcl-into-losses","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=34693","title":{"rendered":"Under-recoveries push HPCL, BPCL into losses"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.<span class=\"id-r-component br\" data-pos=\"2\"\/>HPCL reported a consolidated loss of Rs 12,265 crore in the first quarter, compared with a profit of Rs 4,111 crore a year earlier. It also recorded an under-recovery of Rs 3,607 crore on LPG. BPCL posted a consolidated loss of Rs 1,873 crore, against a profit of Rs 6,839 crore in the corresponding quarter of the previous fiscal. The company booked an under-recovery of Rs 3,485 crore on LPG sales during the quarter. Indian Oil Corporation is yet to announce its financial results.<span class=\"id-r-component br\" data-pos=\"7\"\/><\/p>\n<div data-pos=\"0\" class=\"id-r-component iIpbx undefined  &#10;        \">\n<div><img decoding=\"async\" alt=\"Under-recoveries push HPCL, BPCL into losses\" msid=\"132569895\" width=\"\" title=\"\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/83033472.cms\" imgsize=\"\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"47529300\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/photo\/msid-132569895\/under-recoveries-push-hpcl-bpcl-into-losses.jpg\" data-api-prerender=\"true\"\/><\/div>\n<\/div>\n<p><span class=\"id-r-component br\" data-pos=\"9\"\/>The profitability of both HPCL and BPCL was hit as they kept petrol and diesel prices unchanged despite global crude prices surging more than 70% at the peak of the US-Iran conflict.<span class=\"id-r-component br\" data-pos=\"11\"\/>The OMCs subsequently raised petrol and diesel prices by nearly Rs 7.5 a litre and the price of a 14.2-kg domestic LPG cylinder by Rs 89 in the second half of May, but the increases were insufficient to offset the sharply higher input costs.<span class=\"id-r-component br\" data-pos=\"13\"\/>While HPCL&#8217;s revenue from operations rose 21% to Rs 1.5 lakh crore from Rs 1.2 lakh crore a year earlier, BPCL&#8217;s revenue increased to Rs 1.6 lakh crore from Rs 1.3 lakh crore in the year-ago period. In a statement, HPCL said its performance reflected the impact of the ongoing West Asia crisis even as its refining and marketing operations remained resilient.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/under-recoveries-push-hpcl-bpcl-into-losses\/articleshow\/132569888.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The impact of under-recovery triggered by surge in crude oil prices due to the West Asia war was reflected in the financial results of state-owned oil marketing companies (OMCs), with Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation Limited (BPCL) posting losses in the April-June quarter of the 2026-27 financial year.HPCL reported a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":34694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-34693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/34693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34693"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/34693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/34694"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}