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Oil giant IOC eyes green shift
Mint Mumbai
|October 01, 2025
Indian Oil Corp. Ltd (IOC) is navigating choppy waters as nearterm business conditions remain uncertain amid oil price volatility, tariffs, exchange rate weakness, and geopolitical disturbances.
Over the past five quarters through QIFY26, IOC's gross refining margin ranged from $7.90 per barrel to $2.20 per barrel, while the average crude oil price fell from over $80 a barrel to around $68.
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