Wed, Jan 10, 2024
The world's third-biggest oil importer and consumer, has been gorging on Russian crude, sold at a discount after western nations shunned purchases from Moscow.
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Thu, Aug 31, 2023
After market hours on Tuesday, the government announced the reduction in the retail prices of cooking gas cylinders in a bid to mitigate the impact of rising inflation on households.
Fri, Jul 28, 2023
IOC said fuel sales rose to 21.8 million tonnes in the first quarter from 21.2 million tonnes a year back. Its refineries processed 18.26 million tonnes of crude oil, up from 17.59 million tonnes in April-June 2022.
Wed, Mar 15, 2023
In a stock exchange filing, GAIL (India) Ltd said the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the resolution plan it had submitted after JBF was auctioned by lenders to recover unpaid dues.
Wed, Feb 01, 2023
Rules Change From February 1: Apart from the Union Budget 2023, several changes have also been announced which will directly affect the common man's pocket. Here's a list of 6 big changes that have come into effect from February 1.
Tue, Nov 08, 2022
According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG.
Sat, Oct 29, 2022
IOC as well as other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise petrol, diesel and cooking gas LPG prices in line with the cost to help the government contain runaway inflation.
Fri, Oct 14, 2022
Petrol, Diesel Prices Today, October 14: The prices of petrol and diesel are reviewed by oil marketing companies on daily basis and changes in petrol and diesel prices are implemented from 6 am every day if any.
Thu, Oct 13, 2022
Petrol, Diesel Prices Today, October 13: Petrol and diesel prices vary from state to state, due to the difference in local taxes like VAT and freight charges.
Wed, Oct 12, 2022
Big news for public sector Oil Marketing Companies: The allocation will be a big bonanza for the oil marketing companies like Indian Oil Corporation Ltd. (IOCL), Hindustan Petroleum Corporation Ltd. (HPCL) and Bharat Petroleum Corporation Ltd. (BPCL).
Tue, Oct 11, 2022
Petrol, Diesel Prices Today, October 11: Public sector Oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with international benchmark prices and foreign exchange rates.
Mon, Sep 12, 2022
International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand. It has since recovered and is trading at USD 92.84 per barrel, the lowest in six months.
Fri, Jul 29, 2022
Average Gross Refining Margin (GRM) for the period April- June 2022 stood at $31.81 per bbl (April- June 2021: $6.58 per bbl), the company said in its results filing.
Mon, May 02, 2022
Union Transport Minister Nitin Gadkari on Monday argued for extending priority sector lending facilities for entities engaged in the production and business of alternative fuels.
Thu, Mar 24, 2022
India's top fuel retailers IOC, BPCL and HPCL have together lost around USD 2.25 billion (Rs 19,000 crore) in revenue in March by keeping petrol and diesel prices unchanged despite a sharp rise in crude oil prices, Moody's Investors Service said on Thursday.
Wed, Mar 16, 2022
Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said.
Wed, Feb 09, 2022
Gillet India, Indian Oil, Sun Pharma dividend update: Shares of Gillet India, Indian Oil Corporation (IOC) and Sun Pharmaceuticals will start trading ex-dividend, starting today, February 9.
Wed, Jun 30, 2021
Tata Motors has announced that it has won a tender of 15 hydrogen-based proton exchange membrane (PEM) fuel cell buses from the Indian Oil Corporation Limited (IOCL).
Tue, Mar 05, 2019
Haldia Petrochemicals Ltd during the Make in Odisha Conclave- 2018 had proposed to set up an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid (PTA) at a total investment of Rs 28,700 crore near Subarnarekha Port in Balasore district.
Wed, Jan 30, 2019
As international oil prices slipped from a four-year high recorded in the early part of October, the company accounted for inventory losses as the value of fuel it held slumped.
Tue, Jan 15, 2019
State-owned Indian Oil Corp (IOC) Tuesday said it will raise USD 900 million through an overseas bonds issue to meet its working capital requirements.
Mon, Dec 31, 2018
According to the IOC statement, non-subsidised or market priced LPG cylinder rates have been cut by a steep Rs 120.50 per cylinder too. Reason behind the move to cut the rates was made clear by the statement - “due to fall in price of LPG in international market and strengthening of US dollar-rupee exchange rate.”
Tue, Aug 21, 2018
Energy major Indian Oil Corporation (IOC) is now looking at newer market segments with products like gas powered iron boxes for neighbourhood launderers, value added gas for metal cutting units and bigger gas cylinders for rice mills, food factories and hotels, said a senior official.
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