💨 Abstract

India’s state-owned refiner Hindustan Petroleum Corporation (HPCL) reported a fall in its fourth-quarter profit on Thursday. Discounts have narrowed from $30 per barrel in 2022 to less than $10 this year. Refiners also cut fuel prices at pumps ahead of the country’s general elections that started mid-April and will go on until early June.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖