IOC net leaps to Rs 8,063 crore as oil slides but fuel prices stay amid price freeze – Times of India
NEW DELHI: State-run Indian Oil Corporation’s net profit leaped to Rs Rs 8,063 crore in the third quarter (October-December 2023) compared to Rs 448 crore in the previous corresponding period, driven by the sharp drop in crude since September amid unchanged fuel prices.Sequentially, however, the profit was 37% lower than the Rs 12,967.32 crore profit…