Indian Oil Corporation revenue falls 47% to Rs 1,911 cr


New Delhi, July 31

Indian Oil Corporation (IOC), the nation’s largest oil agency, on Friday reported a 47% drop in its June quarter revenue at Rs 1,910.84 crore because the pandemic outbreak pummelled gasoline demand and shrank refining margins. Income from operations fell to Rs 88,936.54 crore in April-June from Rs 150,136.70 crore a 12 months in the past. — PTI



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