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Economy News

The Economic Times

Economy / The Economic Times

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IOC, BPCL, HPCL double combined profit to Rs 23,743 crore in December quarter

The gross refining margin (GRM) for Indian Oil Corporation (IOC) quadrupled in the third quarter, while that of Bharat Petroleum (BPCL) grew over two-fold, aided by softer crude and stronger product cracks.

18 Feb 2026 12:58 am