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OIL logs Rs 249 crore loss in Q1 on slump in oil prices

Updated : August 22, 2020 03:27 PM IST

OIL had a net loss of Rs 248.61 crore in first quarter of 2020-21 fiscal as compared to a net profit of Rs 624.80 crore in the same period of the previous financial year.
The loss was primarily due to price realised for oil the company produced dropped to $30.43 per barrel in the June quarter.
OIL logs Rs 249 crore loss in Q1 on slump in oil prices

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