#hormuz-disruption
Oil companies’ profits reflect normal refining margins, not crisis windfall, amid Hormuz disruption
The profit pool from Indian Oil, Bharat Petroleum, and Hindustan Petroleum shows a net margin of about 3-4% on a combined turnover of approximately ₹20 lakh crore, aligning with global refining benchmarks
Reliance cuts alkylate output to boost LPG production amid India gas shortage
Reliance Industries ramps up LPG output and cuts alkylate production as India faces a severe gas shortage due to Hormuz disruption and reduced imports.