HPCL’s Gross sales Rs 2,22,872 Crore up by 26% for Apr-Dec 18

By Sarkaritel February 5, 2019 20:10

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Hindustan Petroleum Corporation Limited has recorded Profit After Tax of Rs. 3,059 crore during April-December, 2018 as compared to Rs 4,609 crore for corresponding period of previous year. The decrease in Net Profit is mainly because ofimpact of inventory losses due to crude price volatility,higher fuel and loss component due tohigher average crude price and exchange rate fluctuations, partially offset by better product cracks on diesel andincreased other operating income.

Gross sales increased by 26% to Rs. 2,22,872 crore during April-December, 2018 as compared to Rs. 1,76,876 crore for corresponding period of the previous year.

During April-December, 2018, the domestic sales of petroleum products have increased to 27.9 million tonnes with a growth of 4% over the corresponding period of previous year. The sales of Motor Spirit (Petrol) increased by 6.3%, HSD by 1.8%, LPG by 5.1%, Aviation Turbine Fuel (ATF) by 21.1%, Lubes by 9.1% and that of Bitumen by 27.6% over the corresponding period of 2017-18. Pipeline Throughput increased to 15.9 Million Tonnes during April-December, 2018 as compared to 14.9 MillionTonnes for April-December, 2017.