(PTI)
State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold.
Net profit at Rs 1,630.01 crore in January-March was almost double of Rs 847.56 crore profit in the same period of last year, OIL Director (Finance) Harish Madhav told reporters here. This is because the the firm got $98.08 for every barrel of crude oil produced and sold in the fourth quarter of fiscal 2022, as compared to $59.80 a barrel realisation a year back
