India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?
- Posted on July 9, 2026
- By Business News Today
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- 1 min read
India’s top 3 fuel retailers may report Rs 47,700 crore loss in Q1. What’s behind this?
India's three largest fuel retailers—HPCL, BPCL and IOCL—are expected to report a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 as soaring crude oil prices, LPG under-recoveries, weak fuel marketing margins and rupee depreciation squeeze profitability. Analysts say further fuel price hikes may be needed if crude stays elevated.
