"indian-oil-corporation"

The small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement

Indian Oil Corporation said there is no nationwide shortage of petrol or diesel and described supply disruptions at some outlets as temporary and localised. The company attributed higher demand to harvesting season needs, migration from private pumps and increased institutional purchases

India’s Oil India Limited and Indian Oil Corporation Limited, with partners, discovered oil and gas in Libya’s Ghadames Basin, boosting India’s global energy footprint and supporting efforts to strengthen energy security and reduce crude import dependence

State-owned oil companies Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited are facing rising losses as petrol and diesel prices remain frozen despite high crude costs, increasing financial strain and raising concerns over possible future fuel price hikes

India’s oil marketing firms like Indian Oil Corporation will pay discounted prices to refineries to offset fuel price freeze losses, shifting the burden onto standalone refiners amid rising crude costs and widening under-recoveries across petrol, diesel and ATF

M R Lalit Babu secured a bronze medal at the Commonwealth Chess Championship in Kuala Lumpur with seven points from nine rounds. The Indian Oil Corporation manager bounced back strongly after his Chess World Cup exit earlier this month

JBS Vidyadhar, former India No.3 in singles and one of the premier doubles players of the 90s, is keen to embark on a journey of giving back something to the sport with all dedication and commitment, donning the role of a coach

State-owned IOC, BPCL and HPCL in separate statements said India has ample fuel stocks available and there is no need for panic buying

OMCs confirmed that they have enough LPG stocks at their bottling plants and that LPG distributors will operate as usual. They urged consumers not to panic.

The Mathura Indian Oil Corporation refinery blast comes two days after another serious fire mishap in IOC's Vadodara's plant which claimed two lives. Situaiton is now under control in Mathura, officials say

Officials say the blaze was brought under control after extensive efforts involving several fire tenders brought in from nearby cities and towns

The dealers have concerns over the financial strain caused by stagnant commissions despite rising fuel prices.

In a regulatory filing, the company said during Q1FY24, it had earned a total income of Rs 221,833.89 crore (against Q1FY23's Rs 252,616.54 crore) and a net profit of Rs 13,750.44 crore (net loss of Rs 1,992.53 crore).

The inclusion of the petrochemical-lube integration component comes as part of IOC's strategy to create a building block for future production of niche chemicals.

Revenue from operation jumped to Rs 1.63 lakh crore from Rs 1.39 lakh crore last year.

IOC and three other refiners have sought just 65 per cent of the monthly average of about 15 million barrels from Saudi Arabia in May, three sources with knowledge of the matter said

Govt has told IOC, BPCL and HPCL to look for oil supplies from outside the Middle East region and use collective bargaining power to get favourable terms

JV entity IOC Phinergy to set up GW scale aluminum-air system manufacturing facility

Sources said IOC had proposed monetising some of its hydrogen producing units in lieu of its product pipelines which the government wants the company to monetise.

Petroleum had been included in the strategic sector as it ensures energy security for the country.