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Profit at India’s Top Refiner Slumps by 99% Due to Weak Margins

IndianOil, the biggest refiner in India, reported on Monday a net profit tumbling by 98.6% in the quarter to September from a year ago amid low Indian fuel demand in the monsoon season and low marketing and refining margins. IndianOil’s net profit sl

By: oilprice

Oct 29 2024
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