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IOC, BPCL, HPCL post Rs 81,000 cr record profit in FY24

By Economic Times - 2 months ago
The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost.

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