Indian Oil Corporation Reports First Quarterly Loss

Rate of petrol price can be seen with a background billboard picture of India's Prime Minister, Narendra Modi, can be seen in an Indian Oil pump station in Kolkata, India, 25 June, 2020. Indian Oil Corporation reports net quarterly loss of Rs 7,782 Crore in four years after inventory hit. Indian Oil Corporation Limited, the country's top refiner on Wednesday reported its first quarterly loss in more than four years in the March quarter, after a surge in inventory losses following a sharp fall in crude oil prices according to an Indian media report. (Photo by Indranil Aditya/NurPhoto via Getty Images)