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Indian Oil Corporation

Jitendra Singh

India Working To Transform Its Energy Landscape With Significant Clean Energy Share: Minister Jitendra Singh

Minister of Science and Technology Jitendra Singh has stated that India will reach net zero emissions by 2070 by transforming its energy landscape with a significant share of clean energy.

23 September 2022

Domestic LPG Price Hike: Cooking gas cylinder gets costlier by Rs 50; here’s how much it will cost now 

Following the price rise, the non-subsidised domestic LPG cylinder will now be priced at Rs 1,053 in Delhi, according to data available on the Indian Oil Corporation’s (IOC) website


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Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC, BPCL and HPCL as its members, wrote to the Petroleum Ministry saying losses on...


Govt To Pay Rs 20,000 Crore To Domestic Oil Companies Hit By Soaring Prices: Report

The three domestic oil retailers namely Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited contribute 90 per cent to India’s crude oil demand

12 September 2022

Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage


IOC, L&T, Renew Join Hands For Green Hydrogen Business

Indian Oil Corporation and L&T have additionally signed a pact to form a joint venture with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen

04 April 2022

Lanka IOC Steps Up Fuel Supplies; To Maintain Separate Stockpile For Ambulances

The company, which is a subsidiary of state-owned Indian Oil Corporation (IOC), is operating all its petrol pumps normally and is provisioning to meet the increased rush, Lanka IOC Managing Director Manoj Gupta told PTI

13 July 2022

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Lankan Subsidiary Of Indian Oil To Release 6,000 MT Diesel To Alleviate Major Power Crisis In Lanka

Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out.

31 March 2022

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24 March 2022
Sanctions On Russia May Result In Impairment Losses For ONGC, Others: Moody's

Sanctions On Russia May Result In Impairment Losses For ONGC, Others: Moody's

ONGC, Oil India Ltd, Indian Oil Corporation and Bharat Petroleum Corporation Ltd have invested in upstream oil and gas assets in Russia


08 March 2022
IOC To Build More Crude Oil Tanks At Adani's Mundra Port

IOC To Build More Crude Oil Tanks At Adani's Mundra Port

Adani Ports and Special Economic Zone (APSEZ) has signed an agreement with IOC towards augmentation of IOC's crude oil volumes at Mundra.


04 March 2022
SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to...


27 February 2022
IOC To Ramp Up LPG Output In North-East By 53% To 8 Crore Cylinders By 2030

IOC To Ramp Up LPG Output In North-East By 53% To 8 Crore Cylinders By 2030

IndianOil-AOD, the company's Northeast division, at present has an annual capacity to bottle 5.23 crore LPG cylinders at its nine planets, and the capacity...


24 February 2022
IOC Buys 2 Million Barrel Russian Urals Crude Amid Russia-Ukraine Tension: Report

IOC Buys 2 Million Barrel Russian Urals Crude Amid Russia-Ukraine Tension: Report

The development comes at a time when the Brent Crude oil prices are trading at an eight-year-high above $100 barrel amidst Russia’s invasion of Ukraine.


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22 February 2022
Oil At 8-Year High Amid Russia-Ukraine Crisis: Report

Oil At 8-Year High Amid Russia-Ukraine Crisis: Report

In India, the shares of oil companies—ONGC and Oil India Limited jumped as much as 2 per cent to hit an intraday high of Rs 166.50 and Rs 224...


17 February 2022
Indian Oil Corporation Raises Rs 1,500 Crore Via Bonds

Indian Oil Corporation Raises Rs 1,500 Crore Via Bonds

IOC got a bid worth Rs 5,403 crore in the range of 5 per cent to 6.7 per cent for its issuance.


19 January 2022
IEX Divests 4.93% Equity Stake In Gas Exchange Platform To Indian Oil

IEX Divests 4.93% Equity Stake In Gas Exchange Platform To Indian Oil

Energy exchange IEX and National Stock Exchange (NSE) are promoters of IGX, a gas exchange which has been set up to promote gas trading in the country.


16 January 2022
IOC Secures 33% CGD Market Potential Areas, To Invest Rs 7000 Crore In City Gas

IOC Secures 33% CGD Market Potential Areas, To Invest Rs 7000 Crore In City Gas

Of the 61 geographical areas or GAs that received bids in the 11th round city gas distribution (CGD) bidding, IOC got 9 licenses to retail CNG to automobiles...


26 November 2021
Madras High Court: Don't lease out defence properties, use them for own use

Madras High Court: Don't lease out defence properties, use them for own use

After considering the facts and circumstances, the judge found that the Defence department was finding it difficult to maintain its properties, which all are...


31 October 2021
Q2 Results: IOC, IDFC First Bank, Finolex Industries, DCB Bank, More. Check Who Reported Profit And Loss

Q2 Results: IOC, IDFC First Bank, Finolex Industries, DCB Bank, More. Check Who Reported Profit And Loss

IOC reported a 2.1 per cent rise in net profit in the second quarter of the current fiscal as lower inventory gains offset better operational performance.


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07 October 2020
Major Fire At Indian Oil Petrol Pump In Bhubaneshwar, 8 Injured

Major Fire At Indian Oil Petrol Pump In Bhubaneshwar, 8 Injured

Two of the injured are critical and have been shifted to SCB Medical College and hospital in Cuttack.


03 September 2020
Can Oil Imports Make India Aatma Nirbhar?

Can Oil Imports Make India Aatma Nirbhar?

According to US Energy Information Administration, India has the 2nd largest proven oil reserves in Asia-Pacific region but, so far the production is done only...


07 June 2020
Dead Xihu’s Tears: Oil India’s Gas Well Blowout In Assam Puts People, Wildlife In Danger

Dead Xihu’s Tears: Oil India’s Gas Well Blowout In Assam Puts People, Wildlife In Danger

Inability of Oil India Ltd to plug a gas leak after a blowout in a well in eastern Assam prompted authorities to relocate nearly 2,500 residents away from the...


10 April 2019
Indian Oil Corporation Cut Fuel Supplies To Jet Airways For Third Time In A Week

Indian Oil Corporation Cut Fuel Supplies To Jet Airways For Third Time In A Week

This is the third time that the public sector oil marketing company has cut fuel supply to the airline in the past eight days, which is struggling to keep...


05 April 2019
Indian Oil Corporation Resumes Fuel Supply To Jet Airways

Indian Oil Corporation Resumes Fuel Supply To Jet Airways

Indian Oil Corporation (IOC) on Friday resumed aviation fuel supply to Jet Airways after airline assured of payment.


31 January 2019
Subsidised LPG Price Cut By Rs 1.46; Non-Subsidised Rate Reduced By Rs 30 A Cylinder

Subsidised LPG Price Cut By Rs 1.46; Non-Subsidised Rate Reduced By Rs 30 A Cylinder

This is the third straight monthly reduction in LPG rate. On December 1, subsidised LPG price was cut by Rs 6.52 per bottle and by Rs 5.91 on January 1.


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