Independent net benefit was at Rs 10,059 crore, or Rs 7. 3 an offer, in January Walk contrasted and Rs 6,022 crore, or Rs 4. 4 per share during the same time period a year ago, as stated in a company's filing with the stock exchange. The leap in final quarter net benefit assisted the organization with posting Rs 8,242-crore net benefit for the full monetary 2022-23 by nullifying the misfortunes thefirm needed to experience in the main portion of the monetary year from holding petroleum, diesel and LPG costs regardless of a flood in cost.
The Indian Oil Corporation (IOC) and two other state-owned retailers of fuel, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL), continue to maintain their prices, but a decline in international oil prices has resulted in them now earning healthy margins. Since April 6 of last year, the prices of gasoline and diesel have not changed.