IndianOil net profit plunges 67 as past subsidy ghosts return

Published on 24 April 2026

The real hit may be unpaid subsidy under-recoveries

Crude oil prices have been falling and pump rates remain largely steady, but state-run IndianOil’s net profit has still dropped by 67%. The question now is why margins are getting squeezed, with attention turning to the lingering impact of past subsidies and under-recoveries that can distort earnings even when fuel prices don’t move.

Crude oil downtrend and stable pump prices didn’t protect profits
IndianOil’s net profit fell about 67% despite steady retail pricing
Past subsidy gaps and under-recoveries may be weighing on earnings
The disconnect points to margin pressure beyond crude price moves

#indianoil #fuel pricing #under-recoveries #oil marketing companies #subsidies

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

IndianOil net profit plunges 67 as past subsidy ghosts return

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