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Published 18:16 IST, October 29th 2024

Indian Oil Q2 profit drops 99% due to inventory losses

IOC earned only $1.59 on turning every barrel of crude oil into fuel in the second quarter compared to a gross refining margin of $18.11 per barrel a year back.

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Indian Oil Corporation
Indian Oil Corporation | Image: Shutterstock
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18:16 IST, October 29th 2024