Better refinery margins boost Indian Oil net by 29%
New Delhi   31-Jan-2017

Public sector undertaking Indian Oil has reported a net profit of 3,995 crore in the third quarter of the financial year 2017.

This was up 29 per cent from the corresponding period last year.

The better numbers were credited to higher gross refinery margins at $7.67 per barrel compared with $5.96/bbl in the previous fiscal.

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