At some point of the yr, income of hpcl’s petroleum products expanded 15.Nine% annually to eight.8 million tonne (mt). Petrol income recorded boom of 36.6%, diesel 22.2% and aviation turbine fuel (atf) sales grew 118.Eight% yearly.
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| The average charge of the indian basket of crude oil in q1fy22 changed into $68.6 consistent with barrel, in opposition to the average price of $30.4 according to barrel recorded in q1fy21. |
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Kingdom-run hindustan petroleum agency (hpcl) pronounced a net earnings of rs 1,795 crore on a standalone foundation for the area ended june 30, that's 36.2% lower than the income posted within the same zone a yr in the past.
The agency attributed the drop in earnings particularly on lower crude throughput, as its mumbai refinery undertook a chief shutdown of its diverse gadgets as part of the refinery enlargement challenge.
The rising worldwide crude charges additionally played a role in bringing down income. At the same time as hpcl’s revenue elevated sixty seven% 12 months-on-12 months (y-o-y) in the region to rs seventy seven,957.5 crore, costs — comprising more often than not of crude oil buy — grew at a sharper rate of 75.9% to rs seventy five,560.7 crore.
The common price of the indian basket of crude oil in q1fy22 turned into $68.6 in step with barrel, towards the average rate of $30.Four according to barrel recorded in q1fy21.
The depreciation of the indian rupee additionally had an adverse impact at the organization’s price range.
Hpcl had received around rs 49 crore from change rate fluctuations in q1fy21, even as it lost rs seventy one crore on this front inside the first quarter of the continuing monetary.
During the 12 months, income of hpcl’s petroleum products accelerated 15.Nine% yearly to eight.Eight million tonne (mt). Petrol income recorded increase of 36.6%, diesel 22.2% and aviation turbine gasoline (atf) sales grew 118.8% annually.
The mixed gross refining margin of hpcl refineries for the zone works out to $3.31 in step with barrel, in opposition to $0.04 in step with barrel in the course of the corresponding quarter of the previous financial yr.
“hpcl’s mumbai refinery growth venture is nearing crowning glory and visakh refinery modernisation venture is in advanced degree final touch,” the enterprise’s chairman mukesh kumar surana said.
Throughout the sector, hpcl commissioned 142 new stores taking the full outlet community to 18,776 as of june, 2021.
Cng centers have been introduced in 50 shops taking the whole wide variety of hpcl retailers with cng structures to 724. As a lot as 25% of hpcl’s retail outlet network runs on solar strength.
